Komori
Optoelectronics (6664) · FactFirst stated

Reversal of provision for payment guarantee losses and recognition of extraordinary income

First written in FY2019. . Latest entry: FY2019.

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Extraordinary income from the extinguishment of a provision for compensation payment lossesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2019First statedAnnual report

    「As the statute of limitations on the obligation related to the payment expired at the end of the fourth quarter of the fiscal year ended November 2019, the Company reversed the provision for payment compensation losses and recognized ¥185 million in extraordinary income as income from the reversal of the provision for payment compensation losses.」

    The statute of limitations on the obligation covered by the provision for payment compensation losses recognized in prior years expired, and ¥185 million in extraordinary income was recognized.
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