Improving the Parent Company's Financial Condition and Repatriating Funds from Overseas Subsidiaries
First written in FY2021. 1 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 10 of 45 companies on the "Worse" side.
15 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The priority financial challenge is to improve the parent company's financial position, which we will achieve by steadily generating profit at the parent company and repatriating funds from overseas subsidiaries with sound financial positions.」
The parent company reported net income of ¥2,099.697 million and an equity ratio of 59.10%, demonstrating actual progress in improving its financial position through profit generation at the parent company. - FY2023-Q3Recognition of a tax liability following a review of the subsidiary dividend policyAnnual report
「Following a review of the dividend policy for dividends from consolidated subsidiaries to the company, we recorded an additional ¥416.339 million in deferred tax liabilities during the nine months ended the third quarter in respect of taxable temporary differences related to the subsidiaries' retained earnings.」
The company describes a review of the dividend policy related to the repatriation of funds from overseas subsidiaries to the parent company and, as a result, records an additional ¥416.339 million in deferred tax liabilities. - FY2022RestatedAnnual report
「The priority financial challenge is to improve the parent company's financial position, which we will achieve by steadily generating profit at the parent company and repatriating funds from overseas subsidiaries with sound financial positions.」
The company has continued to pursue improvements to its financial position through accumulated profit at the parent company and the repatriation of funds from overseas subsidiaries. During the fiscal year, the filing company reported net income of ¥672.564 million and an equity ratio of 37.86%. - FY2021First statedAnnual report
「The priority financial challenge is to improve the parent company's financial position, which we will achieve by steadily accumulating profit at the parent company and repatriating funds from overseas subsidiaries with sound financial positions.」
The company has identified improving the parent company's financial position as a priority and has stated for the first time that it will achieve this by accumulating profit at the parent company and repatriating funds from overseas subsidiaries.