Suspension of Shipments to Russia and Review of Russian Business
First written in FY2023-Q1. 1 of 3 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Other".
- FY2023-Q3Loss on sale of Russian subsidiary recordedAnnual report
「Loss on sale of subsidiary shares 90」
During the cumulative third-quarter period, the company recorded a ¥90 million loss on the sale of subsidiary shares as an extraordinary loss following the sale of its Russian sales subsidiary. Meanwhile, sales to Russia account for only a small proportion of consolidated net sales, and the impact on operating performance and financial position is expected to be immaterial. - FY2023-Q2AdvancedAnnual report
「In response to the situation in Russia and Ukraine, we sold our Russian sales subsidiary effective 30 June 2022. Sales to Russia account for only a small proportion of consolidated net sales, and we expect to be able to cover the shortfall. Accordingly, we expect the impact on our group's operating performance and financial position to be immaterial.」
Regarding the review of the Russian business disclosed in the previous quarter, the company disclosed specific progress in the form of the sale of its Russian sales subsidiary effective 30 June 2022. - FY2023-Q1MaterialisedAnnual report
「In response to the situation in Russia and Ukraine, we began reviewing our group's business in Russia and, from March 2022, suspended shipments to Russia of all commercial products other than products subject to export approval. However, sales to Russia account for only a small proportion of consolidated net sales, and we expect to be able to cover the shortfall. Accordingly, we expect the impact on our group's operating performance and financial position to be immaterial.」
In response to the situation in Russia and Ukraine, the review of the Russian business and suspension of shipments of all commercial products other than products subject to export approval actually began. The company expects the impact on consolidated operating performance and financial position to be immaterial.