Termination and dissolution of 新潟NDK
First written in FY2021-Q3. 3 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2023.
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- FY2023AchievedAnnual report
「September 2022: Dissolution of subsidiary 新潟エヌ・デー・ケー㈱」
The corporate history confirms that 新潟NDK was dissolved in September 2022, following the policy to terminate its business in September 2021. - FY2022-Q3AdvancedAnnual report
「We had recognized ¥321 million in expenses during the first half (April to September) in connection with the termination of the business of 新潟エヌ・デー・ケー㈱, and recognized an additional ¥171 million in impairment losses in the third quarter (October to December).」
In connection with the termination of 新潟NDK's business, an additional ¥171 million in impairment losses was recognized in the third quarter on top of the ¥321 million in first-half expenses, and the related accounting treatment progressed. - FY2022-Q2AdvancedAnnual report
「Regarding profit, we recognized ¥250 million in restructuring costs and ¥71 million in impairment losses associated with the termination of the business of 新潟エヌ・デー・ケー㈱, but」
Regarding the policy to terminate 新潟NDK's business, ¥71 million in impairment losses associated with the termination and ¥250 million in restructuring costs were recognized, and the related accounting treatment progressed. - FY2022-Q1AdvancedAnnual report
「Regarding profit, we recognized ¥126 million in restructuring costs and ¥47 million in impairment losses associated with the termination of the business of 新潟エヌ・デー・ケー㈱, but」
¥47 million in impairment losses associated with the termination of 新潟NDK's business and ¥126 million in restructuring costs were recognized, indicating that the policy to terminate the business on 30 September 2021 had progressed to the implementation stage involving the recognition of expenses. - FY2021-Q3First statedAnnual report
「At a Board of Directors meeting held on 26 January 2021, we resolved to terminate the business of our consolidated subsidiary 新潟エヌ・デー・ケー株式会社 (hereinafter, “新潟NDK”) on 30 September 2021 and subsequently dissolve it after completing the prescribed procedures. In connection with the termination of the subsidiary's business, we expect to recognize approximately ¥600 million in total impairment losses on equipment and other assets that will cease to be used, and restructuring costs, as other operating expenses in the fourth quarter of the fiscal year ending March 2021.」
For 新潟NDK, which was expected to post its third consecutive annual loss due to declining sales of small-lot products, a policy to terminate the business on 30 September 2021 and dissolve the company was approved. Approximately ¥600 million in impairment losses on equipment and restructuring costs was expected to be recognized in the fourth quarter of the fiscal year ending March 2021.