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Nippon Tungsten (6998) · FactRecognition of an extraordinary loss associated with the liquidation of an overseas subsidiary

Recording Extraordinary Income from the Sale of Idle Land

First written in FY2020-Q3. 7 of 9 entries say "Advanced", first in FY2020. Latest entry: FY2024-Q3.

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ProgressHeldSoftenedWorseAdvancedFY2020 – FY2024-Q22020: 320202021: 320212022: 120222023: 120232024: 1
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Extraordinary gains and losses associated with the sale or disposal of fixed assetsA theme 251 companies write about · 41 as a headwind · 212 as a tailwind

85 other companies' latest entry also says "Other".

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Showing 14 of the 177 companies compared. The sentences above are computed from all 177.Comparing 200 of the theme's 285 threads.
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  1. FY2024-Q3Recognition of an extraordinary loss associated with the liquidation of an overseas subsidiaryAnnual report

    「Although the Company sold some equipment and investment securities of a liquidated overseas subsidiary and recognized the proceeds as extraordinary gains, it recognized a ¥93 million loss on the disposal of foreign currency translation adjustment related to the liquidation of the overseas subsidiary as an extraordinary loss. Together with the decline in ordinary profit, this resulted in profit attributable to owners of the parent decreasing 36.2% year on year to ¥485 million.」

    In connection with the liquidation of an overseas subsidiary, the Company recognized a ¥43 million gain on the sale of property, plant and equipment and a ¥9 million gain on the sale of investment securities, while recognizing a ¥93 million loss on the disposal of foreign currency translation adjustment as an extraordinary loss.
  2. FY2024-Q2AdvancedAnnual report

    「Although the Company sold some equipment and investment securities of an overseas subsidiary being liquidated and recognized the proceeds as extraordinary gains, the decline in ordinary profit resulted in profit attributable to owners of the parent decreasing 30.2% year on year to ¥361 million.」

    As a result of selling equipment and investment securities of an overseas subsidiary being liquidated, the Company recognized a ¥43 million gain on the sale of property, plant and equipment and a ¥9 million gain on the sale of investment securities.
  3. FY2022AdvancedAnnual report

    「¥22 million gain on the sale of investment securities」

    During the consolidated fiscal year, the Company sold investment securities and recognized a ¥22 million gain on the sale.
  4. FY2022-Q2AdvancedAnnual report

    「Gain on sale of investment securities 84 22」

    The Company recognized a ¥22 million gain on the sale of investment securities for the six months ended the second quarter.
  5. FY2021AdvancedAnnual report

    「Although the Company recognized a gain on the sale of investment securities and government subsidies related to the expansion of the Kiyama Plant as extraordinary gains, it recognized impairment losses on some property, plant and equipment owned by the Company and its consolidated subsidiaries related to the hygiene products market and on some property, plant and equipment related to the industrial equipment market as extraordinary losses, resulting in a net loss attributable to owners of the parent of ¥62 million.」

    The Company recognized an ¥84 million gain on the sale of investment securities and ¥112 million in government subsidies related to the expansion of the Kiyama Plant, but reported a net loss for the fiscal year due to impairment losses.
  6. FY2021-Q3AdvancedAnnual report

    「Gain on sale of investment securities - 84 Government subsidies - 112」

    For the nine months ended the third quarter, the Company recognized an ¥84 million gain on the sale of investment securities and ¥112 million in government subsidies related to the expansion of the Kiyama Plant as extraordinary gains.
  7. FY2021-Q2AdvancedAnnual report

    「Gain on sale of investment securities - 84」

    The Company recognized an ¥84 million gain on the sale of investment securities for the six months ended the second quarter.
  8. FY2020AdvancedAnnual report

    「Extraordinary gains Gain on sale of property, plant and equipment 56 Gain on sale of investment securities 186 Total extraordinary gains 243」

    In addition to a ¥56 million gain on the sale of idle land, the Company recognized a ¥186 million gain on the sale of investment securities, bringing total extraordinary gains to ¥243 million.
  9. FY2020-Q3First statedAnnual report

    「Although the Company recognized an extraordinary gain from the sale of idle land, the decline in each profit measure resulted in profit of ¥479 million, down 36.2% year on year.」

    The Company recognized an extraordinary gain from the sale of idle land, including a ¥56 million gain on the sale of property, plant and equipment in the quarterly consolidated statement of income.
Moved together

"Continuous Creation of New Technologies and Products" moved the same way as this thread, in the same document, in 6 of its 9 moves.

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  1. ★This thread
  2. 1Continuous Creation of New Technologies and Products6×
  3. 2Strengthening Manufacturing Capabilities and Improving Production Efficiency4×
  4. 3COVID-19 Infection Prevention and Business Continuity Measures4×
  5. 4Share Buybacks to Improve Capital Efficiency3×
  6. 5Introduction of a Restricted Stock Compensation Plan3×
  7. 6Investment in Focus Areas to Support Future Business Expansion3×

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Nippon Tungsten's next results are scheduled for 2026-11-11. Read the earnings preview
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