Decrease in net income due to costs associated with the new banknotes
First written in FY2024-Q1. 1 of 3 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2024.
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- FY2024MitigatedAnnual report
「In addition, ¥141 million was recorded as an extraordinary loss for costs incurred to accommodate the new banknotes, which entered circulation in July 2024, resulting in a 0.1% decline in net income from the previous fiscal year. The recording of costs related to the new banknotes was completed in September 2024.」
Costs related to the new banknotes reached ¥141 million for the full fiscal year and reduced net income, while the recording of these costs was completed in September 2024. - FY2024-Q2Increase in costs related to the new banknotesAnnual report
「In addition, ¥43 million was recorded as an extraordinary loss for costs incurred to accommodate the new banknotes scheduled to enter circulation in July 2024, resulting in a 5.5% year-on-year decline in net income.」
Costs related to the new banknotes increased from ¥14 million in the first quarter to ¥43 million and were recorded as an extraordinary loss. Net income declined 5.5% year on year. - FY2024-Q1MaterialisedAnnual report
「In addition, ¥14 million was recorded as an extraordinary loss for costs incurred to accommodate the new banknotes scheduled to enter circulation in July 2024, resulting in a slight year-on-year decline in net income.」
¥14 million in costs related to the circulation of the new banknotes beginning in July 2024 was recorded as an extraordinary loss, resulting in a 1.6% year-on-year decline in quarterly net income.