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Suzumo Machinery (6405) · FactFull-year results updated

Recognition of a Special Service Payment to a Retiring Officer

First written in FY2020-Q1. 2 of 4 entries say "Restated". Latest entry: FY2020.

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ProgressHeldSoftenedWorseRestatedFY2020-Q1 – FY20202019: 220192020: 22020
Same theme, other companies
Recognition of a special merit payment as an extraordinary lossA theme 14 companies write about · 14 as a headwind · 0 as a tailwind

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  1. FY2020Full-year results updatedAnnual report

    「Net income attributable to owners of the parent for the consolidated fiscal year was ¥321 million, down 31.4% from the previous consolidated fiscal year and below the previous year, following the recording of a ¥150 million special service award for a departing executive as an extraordinary loss.」

    The ¥150 million special service award for a departing executive was recorded for the full year, resulting in net income attributable to owners of the parent of ¥321 million, down 31.4% year on year.
  2. FY2020-Q3RestatedAnnual report

    「Net income attributable to owners of the parent for the cumulative third quarter of the current consolidated fiscal year was ¥232 million, down 38.3% year on year and below the same quarter of the previous year, following the recording of a ¥150 million special service award for a departing executive as an extraordinary loss.」

    The ¥150 million special service award for a departing executive was cited as a factor depressing net income through the cumulative third quarter.
  3. FY2020-Q2RestatedAnnual report

    「Net income attributable to owners of the parent for the cumulative second quarter of the current consolidated fiscal year was ¥161 million, up 4.0% year on year. Although a ¥150 million special service award for a departing executive was recorded, the result exceeded the same quarter of the previous year due in part to the recording of ¥33 million in insurance surrender proceeds for the departing executive.」

    The company continued to record the ¥150 million special service award for a departing executive. Net income attributable to owners of the parent amounted to ¥161 million, due in part to ¥33 million in insurance surrender proceeds and other items.
  4. FY2020-Q1First statedAnnual report

    「Net loss attributable to owners of the parent for the cumulative first quarter of the current consolidated fiscal year was ¥37 million, well below the ¥105 million net income attributable to owners of the parent recorded in the same quarter of the previous year, due to the recording of a ¥150 million special service award for a departing executive.」

    A ¥150 million special service award for a departing executive was recorded as an extraordinary loss, resulting in a ¥37 million quarterly net loss attributable to owners of the parent.
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Recognition of a Special Service Payment to a Retiring Officer | Suzumo Machinery Co.,Ltd. (6405) | Komori