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Wise Holdings (5955) · InitiativeLower subsidy deductions

Use of Temporary Furloughs and Employment Adjustment Subsidies

First written in FY2021-Q2. 2 of 13 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2024.

13entries
5years
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2021-Q3 – FY2021OtherFY2022-Q1 – FY20242020: 120202021: 420212022: 420222023: 320232024: 12024
Same theme, other companies
Deduction of Closure-Related Costs through Employment Adjustment SubsidiesA theme 11 companies write about · 0 as a headwind · 11 as a tailwind

The whole theme swung hardest in 2023: 2 of 10 companies on the "Worse" side.

5 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024Lower subsidy deductionsAnnual report

    「Furlough allowances ¥34.790 million ¥4.280 million」

    The notes on temporary furloughs and employment adjustment subsidies continued. Furlough allowances included in the cost of products manufactured were ¥4.280 million, while furlough allowances included in selling, general and administrative expenses were ¥0.645 million, both down from the previous fiscal year.
  2. FY2024-Q1No subsidies were recorded during the quarterAnnual report

    「In response to the spread of COVID-19, the company implemented temporary furloughs and included furlough allowances in the cost of products manufactured. Employment adjustment subsidies received from the government in respect of these furlough allowances were deducted from the cost of products manufactured. Cumulative first quarter of the previous fiscal year ¥10.990 million Cumulative first quarter of the current fiscal year —¥ million」

    Although the notes on temporary furloughs and employment adjustment subsidies remain, furlough allowances included in the cost of products manufactured and deductions for subsidies were zero in the first quarter of the current fiscal year. The corresponding amount for selling, general and administrative expenses was also zero for the current period.
  3. FY2023Lower subsidy deductionsAnnual report

    「Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for was deducted from the cost of products manufactured.」

    The company continued to use temporary furloughs and employment adjustment subsidies. Deductions from the cost of products manufactured were ¥34.790 million, while deductions from selling, general and administrative expenses were ¥12.875 million, both down from the previous fiscal year.
  4. FY2023-Q3Lower subsidy deductionsAnnual report

    「In response to the spread of COVID-19, the company implemented temporary furloughs and included furlough allowances in the cost of products manufactured. Employment adjustment subsidies received from the government in respect of these furlough allowances were deducted from the cost of products manufactured. Furlough allowances ¥40.975 million ¥31.080 million」

    The company continued to use temporary furloughs and employment adjustment subsidies. Deductions from the cost of products manufactured decreased from ¥40.975 million in the same period of the previous year to ¥31.080 million, while deductions from selling, general and administrative expenses decreased from ¥19.823 million to ¥12.574 million.
  5. FY2023-Q2Lower subsidy deductionsAnnual report

    「Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥22.680 million, was deducted from the cost of products manufactured.」

    The use of temporary furloughs and employment adjustment subsidies continued. Deductions from the cost of products manufactured were ¥22.680 million, down from ¥24.666 million in the same period of the previous year. Deductions from selling, general and administrative expenses were ¥9.006 million.
  6. FY2023-Q1Lower subsidy deductionsAnnual report

    「Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for was deducted from the cost of products manufactured.」

    The use of temporary furloughs and employment adjustment subsidies continued. In the first quarter of the current fiscal year, deductions from the cost of products manufactured and selling, general and administrative expenses were ¥10.990 million and ¥4.762 million, respectively, down from ¥13.808 million and ¥6.974 million in the same period of the previous year.
  7. FY2022Lower subsidy deductionsAnnual report

    「Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥53.965 million, was deducted from the cost of products manufactured.」

    The use of temporary furloughs and employment adjustment subsidies continued. Deductions from the cost of products manufactured and selling, general and administrative expenses were ¥53.965 million and ¥25.324 million, respectively, both down from the previous fiscal year.
  8. FY2022-Q3Lower subsidy deductionsAnnual report

    「Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥40.975 million, was deducted from the cost of products manufactured.」

    The use of temporary furloughs and employment adjustment subsidies continued. Deductions from the cost of products manufactured were ¥40.975 million, down from ¥140.253 million in the same period of the previous year. Deductions from salaries and allowances were also ¥19.823 million.
  9. FY2022-Q2Lower subsidy deductionsAnnual report

    「First half of the current consolidated fiscal year (1 April 2021 to 30 September 2021) Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥24.666 million, was deducted from the cost of products manufactured.」

    The use of temporary furloughs and employment adjustment subsidies continued. Deductions from the cost of products manufactured were ¥24.666 million, down from ¥97.911 million in the same period of the previous year. Deductions from selling, general and administrative expenses were also ¥13.522 million, down from ¥35.093 million in the same period of the previous year.
  10. FY2022-Q1Lower subsidy deductionsAnnual report

    「First quarter of the current consolidated fiscal year (1 April 2021 to 30 June 2021) ※1 Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥13.808 million, was deducted from the cost of products manufactured. ※2 Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in salaries and allowances. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥6.974 million, was deducted from salaries and allowances.」

    The use of temporary furloughs and employment adjustment subsidies continued. Deductions from the cost of products manufactured and salaries and allowances were ¥13.808 million and ¥6.974 million, respectively, down from ¥34.507 million and ¥13.280 million in the first quarter of the previous year.
  11. FY2021AdvancedAnnual report

    「Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥159.891 million, was deducted from the cost of products manufactured.」

    The use of temporary furloughs and employment adjustment subsidies continued, and ¥159.891 million was deducted from the cost of products manufactured. A further ¥60.189 million was deducted from selling, general and administrative expenses.
  12. FY2021-Q3AdvancedAnnual report

    「Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥140.253 million, was deducted from the cost of products manufactured.」

    The use of temporary furloughs and employment adjustment subsidies continued, and ¥140.253 million was deducted from the cost of products manufactured. A further ¥50.572 million was deducted from selling, general and administrative expenses.
  13. FY2021-Q2First statedAnnual report

    「Temporary furloughs were implemented as the spread of COVID-19 continued, and leave allowances were included in the cost of products manufactured. Of the employment adjustment subsidies received from the government for these leave allowances, the amount applied for, ¥97.911 million, was deducted from the cost of products manufactured.」

    The company first disclosed that it had implemented temporary furloughs and used government employment adjustment subsidies for leave allowances in response to the spread of COVID-19. It also disclosed that ¥35.093 million was deducted from leave allowances in selling, general and administrative expenses.
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