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Namura Shipbuilding (7014) · FactRestated

Gain on Contract Cancellation Resulting from Mutually Agreed Termination of a Newbuilding Contract

First written in FY2017-Q3. 2 of 4 entries say "Restated". Latest entry: FY2020-Q3.

4entries
4years
0from disclosures
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ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY2020-Q32017: 320172018: 020182019: 020192020: 1
Same theme, other companies
Recognition of Losses on Contract CancellationsA theme 10 companies write about · 9 as a headwind · 1 as a tailwind

1 other company's latest entry also says "Restated".

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  1. FY2020-Q3RestatedAnnual report

    「For a new ship that the company had contracted to build, the company reached an agreement to cancel the contract by applying the advance payment received from the ordering party to the cancellation fee, and recognized a gain on contract cancellation of ¥233 million.」

    The previously reported theme of a gain on contract cancellation has reappeared, with ¥233 million recognized following a mutually agreed cancellation.
  2. FY2018-Q1DroppedAnnual report

    「There were no applicable matters during the first-quarter cumulative consolidated period (1 April 2017 to 30 June 2017).」

    No gain on contract cancellation relating to a new shipbuilding contract, as recognized in the same period of the previous year, was recognized in the first quarter.
  3. FY2017RestatedAnnual report

    「For a new ship that the company had contracted to build, the company reached an agreement to cancel the contract by applying the advance payment received from the ordering party to the cancellation fee, and recognized a gain on contract cancellation of ¥732 million.」

    The company recognized a gain on contract cancellation of ¥732 million for the full year in connection with the mutually agreed cancellation of a new shipbuilding contract. The full-year figure for the same gain on contract cancellation has now been finalized.
  4. FY2017-Q3First statedAnnual report

    「For a new ship that the company had contracted to build, the company reached an agreement to cancel the contract by applying the advance payment received from the ordering party to the cancellation fee, and recognized a gain on contract cancellation of ¥728 million.」

    The company states that, following the mutually agreed cancellation of a new shipbuilding contract, it applied the advance payment received to the cancellation fee and recognized a gain on contract cancellation of ¥728 million.
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Gain on Contract Cancellation Resulting from Mutually Agreed Termination of a Newbuilding Contract | Namura Shipbuilding Co.,Ltd. (7014) | Komori