Conversion of Fixed Assets into Cash Under a Policy of Selling Company Recreation Centers
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「The company disclosed the following significant disposal of equipment during the current consolidated fiscal year: ㈱ＴＢグループ, Tsumagoi Village, other equipment, total ¥13.875 million, sale date: August 2019.」
Regarding the policy of selling the company recreational facility decided in the previous fiscal year, the company disclosed that equipment in Tsumagoi Village was sold in August 2019. - FY2020-Q1RestatedAnnual report
「Although operating funds have been declining because of continued losses, cash and deposits stood at ¥491 million as of the end of the first quarter of the current consolidated fiscal year, and no cash-flow problems have arisen. The current ratio has also remained high, and the company believes that it has secured sufficient operating funds for the foreseeable future, partly because it plans to convert fixed assets into funds.」
The company continues to cite the monetization of fixed assets as a measure to secure funds for operations in the near term while remaining in the red. - FY2019First statedAnnual report
「During the current consolidated fiscal year, following the decision to sell a company recreational facility, the company reduced the carrying amount of the relevant asset group to its recoverable amount and recorded the reduction of ¥9.7 million as an impairment loss under extraordinary losses.」
The company decided to sell a company recreational facility, reduced its carrying amount to its recoverable amount, and recorded an impairment loss. The disclosure also links this to measures to secure liquidity, including the monetization of fixed assets.