Sinfonia Technology (6507) · FactExpanded scope and amount of business restructuring losses
Losses Associated with Partial Rationalization of the Motion Equipment Business
First written in FY2024-Q3. . Latest entry: FY2024.
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- FY2024Expanded scope and amount of business restructuring lossesAnnual report
「The company recorded a ¥231 million inventory valuation loss and an ¥11 million impairment loss on fixed assets arising from the restructuring of part of the Motion Equipment Business and the Engineering & Services Business.」
The business restructuring loss, reported at ¥123 million for the Motion Equipment Business in the previous quarter, also covered the Engineering & Services Business for the full year, resulting in an inventory valuation loss of ¥231 million and an impairment loss of ¥11 million, for a total of ¥243 million. - FY2024-Q3First statedAnnual report
「The losses consisted of a ¥123 million write-down of inventories and a ¥0 million impairment loss on tools, furniture and fixtures arising from the restructuring of part of the Motion Equipment Business.」
In connection with the restructuring of part of the Motion Equipment Business, the company recorded a ¥123 million inventory write-down and a ¥0 million impairment loss on tools, furniture and fixtures as business restructuring losses.