Liquidation gains and losses associated with the dissolution and liquidation of overseas subsidiaries
First written in FY2021-Q1. 1 of 4 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2021.
2 other companies' latest entry also says "Other".
- FY2021Updated to the full-year cumulative amountAnnual report
「As a result, an extraordinary loss of ¥27.634 million was recorded for the current consolidated fiscal year.」
The extraordinary loss arising from the liquidation was updated from ¥14.365 million for the cumulative third quarter to ¥27.634 million for the full year. - FY2021-Q3Updated amount of liquidation loss recordedAnnual report
「At an extraordinary meeting of the Board of Directors held on 15 June 2020, the Company resolved to dissolve Shanghai Kaimasi Dianqi Co., Ltd. and HONG KONG JMACS LIMITED. and commence liquidation procedures. As a result, an extraordinary loss of ¥14.365 million was recorded for the cumulative third quarter of the current consolidated fiscal year.」
Following the loss on the reorganisation of affiliated companies recorded in the previous quarter, the extraordinary loss arising from the liquidation totalled ¥14.365 million for the cumulative third quarter. - FY2021-Q2MaterialisedAnnual report
「At an extraordinary meeting of the Board of Directors held on 15 June 2020, the Company resolved, from the perspective of optimising group management, to dissolve Shanghai Kaimasi Dianqi Co., Ltd. and HONG KONG JMACS LIMITED. and commence liquidation procedures. As a result, an extraordinary loss of ¥12.970 million was recorded for the cumulative second quarter of the current consolidated fiscal year.」
Regarding the liquidation gain or loss previously disclosed as a possibility, a ¥12.970 million loss on the reorganisation of affiliated companies was actually recorded, making the risk a reality. - FY2021-Q1First statedAnnual report
「The impact of the dissolution and liquidation of the consolidated subsidiary is currently under review, but the company may recognize gains or losses on liquidation associated with this process.」
The earnings impact of the dissolution and liquidation of the Chinese and Hong Kong subsidiaries is under review, and the Company has newly stated that it may record liquidation gains or losses in the future.