Komori
Tensho Electric Industries (6776) · FactRestated

Mutual termination of headquarters office lease and expected receipt of compensation

First written in FY2023. 1 of 3 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024.

3entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2023AchievedFY2024-Q22023: 220232024: 12024
Same theme, other companies
Recognition of Compensation ReceivedA theme 99 companies write about · 0 as a headwind · 101 as a tailwind

12 other companies' latest entry also says "Restated".

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Showing 14 of the 99 companies compared. The sentences above are computed from all 99.
Full recordFilings, disclosures and news, newest first
  1. FY2024RestatedAnnual report

    「During the fiscal year under review, we relocated our headquarters to enhance headquarters functions and improve operational efficiency.」

    The company reiterated that it had relocated its headquarters office and that the purposes were to enhance headquarters functions and improve operational efficiency.
  2. FY2024-Q2AchievedAnnual report

    「Extraordinary income Gain on sale of property, plant and equipment              0 Gain on sale of investment securities            17 Compensation received               -   130 / Extraordinary loss Headquarters relocation expenses              -    22」

    The company received ¥130 million in compensation related to the headquarters relocation planned in the previous fiscal year and recognized it as extraordinary income. It also recognized ¥22 million in headquarters relocation expenses as an extraordinary loss.
  3. FY2023First statedAnnual report

    「At a meeting of the Board of Directors held on 21 April 2023, we resolved to enter into an agreement with the lessor to mutually terminate the lease agreement for the headquarters office. Upon execution of this mutual termination, we expect to receive compensation of ¥130 million, conditional on vacating the headquarters office by the specified date.」

    As a subsequent event, the company disclosed that it plans to mutually terminate the lease agreement for the headquarters office and recognize ¥130 million of compensation as extraordinary income in the following consolidated fiscal year, conditional on vacating the premises.
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Tensho Electric Industries's next results are scheduled for 2026-11-13. Read the earnings preview
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