One-Time Expenses Arising from Structural Reforms
First written in FY2016. 5 of 9 entries say "Materialised", first in FY2018. Latest entry: FY2021-Q1.
FUJIFILM Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
2 other companies' latest entry also says "Materialised".
- FY2021-Q1MaterialisedAnnual report
「Restructuring costs incurred during the cumulative three-month period were ¥1,177 million. These costs were recorded under cost of sales, selling, general and administrative expenses, and research and development expenses in the quarterly consolidated statements of income.」
A further ¥1,177 million in restructuring costs was incurred during the quarter, while the balance of restructuring liabilities, which had fallen to ¥16 million at the end of the previous fiscal year, stood at ¥120 million at the end of the quarter. - FY2020MitigatedAnnual report
「Restructuring costs incurred during the fiscal year were ¥3,738 million, and the balance of restructuring liabilities at the end of the fiscal year was ¥16 million.」
Restructuring costs were incurred during the fiscal year, but the balance of restructuring liabilities declined from ¥3,890 million at the end of the previous fiscal year to ¥16 million, indicating that the accounting for the costs and liabilities is nearing completion. - FY2020-Q1MitigatedAnnual report
「During the cumulative three-month period, restructuring costs comprised ¥408 million related to personnel and ¥163 million related to fixed assets. These costs were recorded under cost of sales, selling, general and administrative expenses in the consolidated statements of income.」
A total of ¥571 million in restructuring costs was incurred during the quarter, but the balance of restructuring liabilities declined from ¥3,890 million at the end of the previous fiscal year to ¥378 million at the end of the quarter, indicating progress in accounting for the costs and liabilities. - FY2019MaterialisedAnnual report
「Restructuring costs incurred during the fiscal year were ¥6,357 million. These costs were recorded under cost of sales, selling, general and administrative expenses in the consolidated statements of income. The balance of restructuring liabilities at the end of the fiscal year was ¥3,890 million.」
A further ¥6,357 million in one-time costs associated with Fuji Xerox's restructuring were incurred during the fiscal year, bringing the year-end balance of restructuring liabilities to ¥3,890 million. - FY2019-Q3MaterialisedAnnual report
「Restructuring costs incurred during the cumulative nine-month period and the third quarter were ¥1,783 million and ¥1,231 million, respectively. These costs were recorded under cost of sales, selling, general and administrative expenses in the consolidated statements of income. The balance of restructuring liabilities at the end of the third quarter was ¥910 million.」
Restructuring costs of ¥1,783 million were incurred in the nine months through the third quarter, while the balance of restructuring liabilities was ¥910 million. - FY2019-Q1MaterialisedAnnual report
「Structural reform costs incurred during the cumulative first quarter of the current consolidated fiscal year totaled ¥346 million and were recorded as cost of sales and selling, general and administrative expenses in the consolidated statements of income. The balance of liabilities at the end of the first quarter of the current consolidated fiscal year was ¥25,264 million.」
¥346 million in costs associated with Fuji Xerox's restructuring were incurred during the quarter, and the balance of restructuring liabilities remains at ¥25,264 million. - FY2018MaterialisedAnnual report
「Structural reform costs incurred during the current consolidated fiscal year totaled ¥37,987 million and were recorded as cost of sales, selling, general and administrative expenses, and research and development expenses in the consolidated statements of income. The balance of liabilities at the end of the current consolidated fiscal year was ¥36,913 million.」
The risk of substantial temporary costs associated with structural reform materialized as ¥37,987 million in expenses and a ¥36,913 million liability balance. - FY2018-Q3WorsenedAnnual report
「At a meeting of the Board of Directors held on 31 January 2018, the Company resolved to implement structural reforms at its subsidiary Fuji Xerox Co., Ltd. (hereinafter, Fuji Xerox) in order to prevail in future competition and ensure strong, sustainable business growth amid increasingly challenging market conditions surrounding Fuji Xerox.」
The Company states that structural reforms at Fuji Xerox were approved and that losses related to the solicitation of voluntary retirements and other items were expected. The amount of the loss was undetermined at that time because the number of applicants and other details had not been finalized. - FY2016First statedAnnual report
「A review of the organization, businesses and operations could temporarily result in substantial expenses and affect the Group's results.」
The Company indicates that cost reductions, asset disposals and other management-efficiency measures could temporarily result in substantial expenses.