Decision to Commence Auction Proceedings for Real Estate Held by a Subsidiary and Contingent Loss
First written in FY2017-Q1. 18 of 22 entries say "Restated". Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure continues to state that, including the existing real-estate foreclosure-related risk, there have been no significant changes in the business and other risks. - FY2023-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure continues to state that, including the real-estate foreclosure-related risk, there have been no new risks or significant changes in the business and other risks. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure continues to state that, including the existing real-estate foreclosure-related risk, there have been no significant changes in the business and other risks. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure continues to state that, including the real-estate foreclosure-related risk, there have been no significant changes in the business and other risks. - FY2022-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that, including the existing real-estate foreclosure-related risk, there have been no new risks or significant changes in the business and other risks. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure continues to state that, including the existing real-estate foreclosure-related risk, there have been no significant changes in the business and other risks. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that, including the existing real-estate foreclosure-related risk, there have been no significant changes in the business and other risks. - FY2021-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that, including the existing real-estate foreclosure-related risk, there have been no new risks or significant changes in the business and other risks. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks, including the real-estate-related risk that led to the decisions to commence foreclosure proceedings and proceed with the sale. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks, including the real-estate-related risk that led to the decisions to commence foreclosure proceedings and proceed with the sale. - FY2020-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in business and other risks, including the real-estate-related risk that led to the decisions to commence foreclosure proceedings and proceed with the sale. - FY2019MitigatedAnnual report
「Non-current liabilities decreased by ¥53 million from the end of the previous consolidated fiscal year to ¥212 million. This was mainly due to a decrease of ¥89 million in the provision for contingent losses.」
The provision for contingent losses decreased from ¥89.063 million at the end of the previous fiscal year to zero at the end of the current fiscal year, reducing the provision balance reported in the financial statements. The completion of the foreclosure proceedings is not expressly stated in the main text. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks, including the real-estate-related risk that led to the decisions to commence foreclosure proceedings and proceed with the sale. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks, including the real-estate-related risk that led to the decisions to commence foreclosure proceedings and proceed with the sale. The provision for contingent losses was ¥89.063 million. - FY2019-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in business and other risks, including the real-estate-related risk that led to the decisions to commence foreclosure proceedings and proceed with the sale. The provision for contingent losses was ¥89.063 million, unchanged from the end of the previous consolidated fiscal year. - FY2018MaterialisedAnnual report
「Izu Shaboten Park Co., Ltd., a consolidated subsidiary of the Company, received notice on 18 June 2018 from the Numazu Branch of the Shizuoka District Court concerning a decision to proceed with the sale of real estate through foreclosure, involving land and buildings, including Izu Shaboten Animal Park, held by the company.」
Following the previous decision to commence foreclosure proceedings, the company actually received notice of the decision to proceed with the sale on 18 June 2018. The provision for contingent losses stood at ¥89.063 million at the end of the current consolidated fiscal year. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks. A provision for contingent losses of ¥272.564 million remains recognized at the end of the third quarter. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks. A provision for contingent losses of ¥272.564 million remains recognized at the end of the second quarter. - FY2018-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes in existing risks. A provision for contingent losses of ¥272.564 million remains on the balance sheet. - FY2017-Q3MaterialisedAnnual report
「Izu Shaboten Park Co., Ltd., a consolidated subsidiary of the Company, received notice on 18 January 2017 from the Numazu Branch of the Shizuoka District Court of a decision to commence foreclosure proceedings against real estate held by the ISP (the “subject real estate”). The subject real estate consists of land and buildings, including those of Izu Shaboten Animal Park, held by the ISP.」
In addition to the foreclosure risk previously reported, a new notice of a decision to commence foreclosure proceedings against land and buildings, including those of Izu Shaboten Animal Park, actually occurred on 18 January 2017. A provision for contingent losses of ¥272.170 million is recognized at the end of the current quarter. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks, and ¥272.286 million remains in the provision for contingent losses at the end of the current quarter. - FY2017-Q1MaterialisedAnnual report
「Izu Shaboten Park Co., Ltd., a consolidated subsidiary of the Company (the “ISP”), received notice on 8 August 2016 from the Numazu Branch of the Shizuoka District Court of a decision to commence foreclosure proceedings against real estate held by the ISP (the “subject real estate”). The subject real estate consists of land and buildings, including those of Granpal Park, held by the ISP, and does not include the Shaboten Park area. In consideration of the possibility of this event, the Group recognized a provision for contingent losses against the land and buildings held by the ISP in the second quarter of the previous consolidated fiscal year.」
The risk event represented by the notice of the decision to commence foreclosure proceedings has actually occurred. A provision for contingent losses of ¥272.425 million is recognized on the balance sheet.