End of Production in China Footwear Business and Sale of Subsidiary
First written in FY2020. 2 of 3 entries say "Cited as achieved", first in FY2021-Q2. Latest entry: FY2021.
24 other companies' latest entry also says "Cited as achieved".
- FY2021Cited as achievedAnnual report
「Extraordinary income increased by ¥1,542 million from the previous consolidated fiscal year to ¥2,200 million, mainly owing to the recognition of a ¥2,181 million gain on the sale of shares in an affiliate.」
Following completion of the sale of the Chinese shoe business affiliate, the company recognized a ¥2,181 million gain on the sale of shares in an affiliate in its full-year results. - FY2021-Q2Cited as achievedAnnual report
「Net income attributable to owners of the parent increased by ¥1,587 million from the same quarter of the previous year to ¥2,212 million, up 254.0% year on year, owing to the recognition of a ¥2,181 million gain on the sale of shares in an affiliate.」
The company has disclosed the actual recognition of a ¥2,181 million gain on the sale of shares in an affiliate following the completed sale of Chongde Co., Ltd. - FY2020AchievedAnnual report
「At a meeting of its Board of Directors held on 15 April 2020, the company resolved to transfer to a third party the shares of Chongde Co., Ltd., a consolidated subsidiary wholly owned by the company, and entered into a transfer agreement. The shares were transferred on 21 April 2020.」
After production at Guangzhou Chongde Shoe Co., Ltd. was discontinued in 2016 owing to changes in China's social environment and rising labor costs, the company abandoned plans to convert to a new business and sold its parent company, Chongde Co., Ltd., on 21 April 2020. The ownership interest was 100% before the transfer and 0% afterward, and the company stated that it expected to recognize an extraordinary gain of approximately ¥2.1 billion in the fiscal year ending March 2021.