Provision for and costs of business restructuring associated with reform of the Group’s management structure
First written in FY2020-Q3. . Latest entry: FY2021-Q3.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
25 other companies' latest entry also says "Other".
- FY2021-Q3Additional recognition of business structural reform expensesAnnual report
「The Company has implemented business structural reforms based on its long-term vision, Metal Vision 2030<Kizuna>, including mergers by absorption of the wholly owned subsidiaries 北越興業株式会社 and 株式会社北越タンバックル and the acquisition of all shares of 株式会社コーテックス. As a result, it recognized ¥2.465 million in various expenses arising during the cumulative third-quarter period, including the cost of reacquiring performance certifications for various technologies, as business structural reform expenses under extraordinary losses.」
The Company recognized ¥2.465 million in expenses, including the cost of reacquiring performance certifications associated with Group integration and making コーテックス a wholly owned subsidiary, as business structural reform expenses under extraordinary losses. - FY2021-Q2Additional recognition of business structural reform expensesAnnual report
「The Company has implemented business structural reforms based on its long-term vision, Metal Vision 2030 <Kizuna>, including mergers by absorption of the wholly owned subsidiaries 北越興業株式会社 and 株式会社北越タンバックル and the acquisition of all shares of 株式会社コーテックス. As a result, it recognized ¥1.775 million in various expenses arising during the cumulative second-quarter period, including the cost of reacquiring performance certifications for various technologies, as business structural reform expenses under extraordinary losses.」
The Company recognized ¥1.775 million in business structural reform expenses under extraordinary losses during the cumulative second-quarter period, including the cost of reacquiring performance certifications associated with Group integration and making コーテックス a wholly owned subsidiary. - FY2020Full-year finalization of business structural reform expensesAnnual report
「The Company recognized ¥91.982 million in various expenses arising from business structural reform during the current consolidated fiscal year as business structural reform expenses under extraordinary losses.」
For business structural reform expenses associated with the mergers by absorption of 2 subsidiaries, the Company reported ¥91.982 million as the full-year amount recognized under extraordinary losses. - FY2020-Q3First statedAnnual report
「In connection with management and structural reforms centered on integrating Group companies, the Company recognized a reasonably estimated amount of expenses expected to arise in the future as a provision for business structural reform. It recognized ¥104.951 million in various expenses expected to arise from business structural reform during the current consolidated fiscal year as business structural reform expenses under extraordinary losses.」
In connection with the mergers by absorption of Hok越興業株式会社 and Hok越タンバックル株式会社, the Company recognized a ¥78.512 million provision for business structural reform and recognized ¥104.951 million in extraordinary losses, including the unfunded portion of prior-period retirement benefit obligations resulting from a change in the method used to calculate retirement benefit obligations and consulting fees.