Decrease in profit due to the absence of temporary revenue recognized in the same period of the previous year
First written in FY2019-Q1. 2 of 8 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021Continued reversal of the previous year's extraordinary gainsAnnual report
「Extraordinary gains decreased ¥56 million year on year to ¥1 million, while extraordinary losses decreased ¥57 million to ¥0 million. This was because the Company had recognized ¥47 million in gains on sales of investment securities and ¥10 million in reversal of the provision for directors' retirement benefits as extraordinary gains in the previous fiscal year, and had recognized ¥53 million in impairment losses on investment securities as extraordinary losses in the previous fiscal year, among other factors.」
While extraordinary gains recorded in the previous year declined substantially in the current period, the impairment loss on investment securities recorded in the previous year also disappeared, meaning that temporary profit and loss factors from the previous year affected the comparison. - FY2021-Q3Reversal in the comparison of net income due to extraordinary gains recorded in the previous yearAnnual report
「Quarterly net income declined year on year to ¥61 million, down 9.0%, partly because the Company had recognized ¥57 million in extraordinary gains in the previous year.」
The Company explained that, while operating income and ordinary income improved, quarterly net income declined year on year, primarily due to the reversal of the ¥57 million in extraordinary gains recorded in the same period of the previous year. - FY2020Net income limited by impairment losses on investment securitiesAnnual report
「In addition, although the Company recognized ¥47 million in gains on sales of investment securities and ¥10 million in reversal of the provision for directors' retirement benefits as extraordinary gains, it recognized an impairment loss of ¥53 million on investment securities as an extraordinary loss at the end of the fiscal year, resulting in net income of only ¥5 million, compared with a net loss of ¥86 million in the previous fiscal year.」
Although the Company recognized extraordinary gains, including gains on sales of investment securities, it also recognized an impairment loss of ¥53 million, limiting net income to ¥5 million. - FY2020-Q3Recognition of gains on sales of investment securities and other itemsAnnual report
「In addition, the Company recognized ¥46 million in gains on sales of investment securities and ¥10 million in reversal of the provision for directors' retirement benefits as extraordinary gains, resulting in quarterly net income of ¥67 million, compared with a quarterly net loss of ¥10 million in the same period of the previous year.」
During the cumulative third quarter of the current fiscal year, the Company recognized ¥46 million in gains on sales of investment securities and ¥10 million in reversal of the provision for directors' retirement benefits as extraordinary gains. - FY2020-Q2Recognition of temporary extraordinary gainsAnnual report
「In addition, the Company recognized ¥18 million in gains on sales of investment securities and ¥10 million in reversal of the provision for directors' retirement benefits as extraordinary gains, resulting in quarterly net income of ¥38 million, compared with a quarterly net loss of ¥10 million in the same period of the previous year.」
The disclosure indicates that, whereas previous disclosures stated that temporary gains recorded in the same period of the previous year had disappeared in the current period, the current quarter included ¥18 million in gains on sales of investment securities and ¥10 million in reversal of the provision for directors' retirement benefits recognized as extraordinary gains. - FY2019-Q3RestatedAnnual report
「In addition, during the cumulative third quarter of the current fiscal year, the Company recorded no non-recurring and temporary non-operating income, consisting of ¥38 million in insurance cancellation refunds, or extraordinary income, consisting of ¥30 million in gains on sales of fixed assets, both of which had been recorded in the same period of the previous year. As a result, ordinary income was ¥1 million, down 98.4% year on year, and the Company posted a quarterly net loss of ¥10 million, compared with quarterly net income of ¥108 million in the same period of the previous year.」
The absence in the current period of the ¥38 million insurance cancellation refund and ¥30 million gain on sales of fixed assets recorded in the same period of the previous year was cited as a factor in the substantial decline in ordinary income and the quarterly net loss. - FY2019-Q2RestatedAnnual report
「In addition, during the cumulative second quarter of the current fiscal year, the Company recorded no non-recurring and temporary non-operating income, consisting of ¥38 million in insurance cancellation refunds, or extraordinary income, consisting of ¥30 million in gains on sales of fixed assets, both of which had been recorded in the same period of the previous year. As a result, the Company posted an ordinary loss of ¥7 million, compared with ordinary income of ¥75 million in the same period of the previous year, and a quarterly net loss of ¥10 million, compared with quarterly net income of ¥83 million.」
The earnings-depressing effect of the absence in the current period of the insurance cancellation refund and gain on sales of fixed assets recorded in the same period of the previous year is being reconfirmed. - FY2019-Q1First statedAnnual report
「In addition, during the cumulative first quarter of the current fiscal year, the Company recorded no non-recurring and temporary non-operating income, consisting of ¥38 million in insurance cancellation refunds, or extraordinary income, consisting of ¥30 million in gains on sales of fixed assets, both of which had been recorded in the same period of the previous year. As a result, ordinary income was ¥20 million, down 67.2% year on year, and quarterly net income was ¥19 million, down 76.9%.」
The absence in the current period of the ¥38 million insurance cancellation refund and ¥30 million gain on sales of fixed assets recorded in the same period of the previous year was a factor in the decline in ordinary income and quarterly net income.