Reversal of the specific account for リンテックス restructuring costs
First written in FY2022-Q2. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
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- FY2022-Q3RestatedAnnual report
「The factory land and buildings subject to structural reform had been expected to be disposed of as vacant land after removing the building. During the second quarter of the consolidated fiscal year, however, the factory land and buildings, including the building, were sold, making it clear that removal costs and other expenses would not be incurred. Accordingly, the specific account was released and recorded as a gain on release of a specific account related to a business combination under extraordinary income in the quarterly consolidated statement of income.」
The release of the specific account related to restructuring costs at リンテックス and the recording of ¥791 million as extraordinary income continued to be disclosed for the nine-month period. - FY2022-Q2First statedAnnual report
「The factory land and buildings subject to structural reform had been expected to be disposed of as vacant land after removing the building. During the three-month period, however, the factory land and buildings, including the building, were sold, making it clear that removal costs and other expenses would not be incurred. Accordingly, the specific account was released and recorded as a gain on release of a specific account related to a business combination under extraordinary income in the quarterly consolidated statement of income, and presented under cash flows from operating activities in the quarterly consolidated statement of cash flows.」
The specific account for restructuring costs recognized upon the acquisition of リンテックス株式会社 was released, and a gain on release of a specific account related to a business combination of ¥791 million was recorded under extraordinary income.