Dissolution and liquidation of the Shenyang subsidiary
First written in FY2021-Q3. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q3.
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- FY2022-Q3Recognition of accounting treatment upon completion of liquidationAnnual report
「This resulted from the reversal of the foreign currency translation adjustment account upon completion of the liquidation of the consolidated subsidiary, 野澤積水好施新型建材（瀋陽）有限公司.」
Upon completion of the liquidation of the Shenyang subsidiary, the company recognized a ¥261.743 million gain on reversal of the foreign currency translation adjustment account and a ¥20.711 million loss on liquidation of an affiliated company in the cumulative third quarter. - FY2022-Q2AchievedAnnual report
「The company had been proceeding with the liquidation of its consolidated subsidiary in China, 野澤積水好施新型建材（瀋陽）有限公司, since the previous fiscal year, and the liquidation was completed in September of this year.」
The liquidation procedures for the Shenyang subsidiary, which had been underway since the previous fiscal year, were completed in September 2021. - FY2022-Q1AdvancedAnnual report
「This is a loss arising from the liquidation of the consolidated subsidiary 野澤積水好施新型建材（瀋陽）有限公司.」
The company recognized a ¥12.265 million loss related to the liquidation of the Shenyang subsidiary, indicating that the liquidation procedures following the dissolution resolution had progressed to accounting recognition of the loss. - FY2021AdvancedAnnual report
「The company resolved in December 2020 to dissolve its consolidated subsidiary, 野澤積水好施新型建材(瀋陽)有限公司, which manufactured and sold extruded cement products in China, because supplies of its main product, lightweight exterior wall materials for housing, were no longer expected following the closure of its supply destination.」
Following the resolution to dissolve the Shenyang subsidiary, liquidation procedures progressed, and the company recognized a liquidation loss of ¥59 million, including a ¥35 million provision for loss on liquidation of an affiliated company. - FY2021-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 7 December 2020, the company resolved to dissolve its consolidated subsidiary, 野澤積水好施新型建材（瀋陽）有限公司. The company is currently undergoing liquidation procedures. The loss arose from the liquidation of the consolidated subsidiary, 野澤積水好施新型建材（瀋陽）有限公司. This includes an ¥12 million provision for loss on liquidation of an affiliated company.」
On 7 December 2020, the Board of Directors resolved to dissolve the Shenyang subsidiary, and the company moved into liquidation procedures. It recognized ¥12 million as a provision for loss on liquidation of an affiliated company as a liquidation-related loss.