Jeol (6951) · FactUpdate to subsidy income
Forgiveness of the U.S. Subsidiary’s PPP Loan Debt
First written in FY2022-Q2. . Latest entry: FY2022-Q3.
2entries
2years
0from disclosures
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Same theme, other companies
Recognition of Gain on Forgiveness of U.S. PPP LoanA theme 19 companies write about · 0 as a headwind · 19 as a tailwind
8 other companies' latest entry also says "Other".
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Showing 14 of the 19 companies compared. The sentences above are computed from all 19.Full recordFilings, disclosures and news, newest first
- FY2022-Q3Update to subsidy incomeAnnual report
「Subsidy income - 719」
Subsidy income recognized during the cumulative third-quarter period in connection with the forgiveness of PPP loans held by 2 U.S. subsidiaries was disclosed as ¥719 million. - FY2022-Q2First statedAnnual report
「The Company's consolidated subsidiaries JEOL USA,INC. and INTEGRATED DYNAMIC ELECTRON SOLUTIONS,INC. applied for and borrowed loans under the Paycheck Protection Program (PPP), a U.S. employment protection policy related to COVID-19. Repayment was forgiven because the funds were used to pay employee wages and other expenses for employment protection, which were conditions for loan forgiveness.」
Repayment of PPP loans held by 2 U.S. subsidiaries was forgiven because the funds were used for employee wages and other expenses intended to protect employment, and ¥712 million in subsidy income was recognized.