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Kasai Kogyo (7256) · FactBusiness restructuring loss finalized for the full year

Recognition of loss on business restructuring

First written in FY2022-Q1. . Latest entry: FY2022.

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ProgressHeldSoftenedWorseOtherFY2022-Q1 – FY20222021: 220212022: 22022
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Recognition of Loss on Business WithdrawalA theme 33 companies write about · 33 as a headwind · 0 as a tailwind

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  1. FY2022Business restructuring loss finalized for the full yearAnnual report

    「These are the costs and losses associated with the dissolution of KASAI SLOVAKIA s.r.o., which was dissolved on 30 November 2021. The main components of the business restructuring loss are a loss on the sale of fixed assets of ¥396 million, employee termination costs of ¥316 million, an inventory valuation loss of ¥286 million, and ¥554 million in other costs.」

    The business restructuring loss associated with the dissolution of the Slovakian entity totaled ¥1,552 million for the full year, with the breakdown including losses on the sale of fixed assets, employee termination costs, and inventory valuation losses, among others.
  2. FY2022-Q3Increase in business restructuring loss and updated breakdownAnnual report

    「Costs and losses arising in connection with the withdrawal of KASAI SLOVAKIA s.r.o. have been recognized as a business restructuring loss. The main components of the business restructuring loss are a loss on the sale of fixed assets of ¥396 million, employee termination costs of ¥316 million, an inventory valuation loss of ¥286 million, and ¥544 million in other costs.」

    The business restructuring loss related to the withdrawal from Slovakia totaled ¥1,542 million for the nine months ended Q3, with the breakdown updated to include losses on the sale of fixed assets, employee termination costs, and inventory valuation losses, among others.
  3. FY2022-Q2Breakdown of costs related to the withdrawal from SlovakiaAnnual report

    「Costs and losses arising in connection with the withdrawal of KASAI SLOVAKIA s.r.o. have been recognized as a business restructuring loss. The main components of the business restructuring loss are a loss on the sale of fixed assets of ¥396 million, employee termination costs of ¥316 million, an inventory valuation loss of ¥286 million, and ¥401 million in other costs.」

    The business restructuring loss totaled ¥1,399 million for the six months ended Q2, all of which was broken down as costs and losses related to the withdrawal of KASAI SLOVAKIA s.r.o.
  4. FY2022-Q1First statedAnnual report

    「Business restructuring loss ¥545 million」

    A business restructuring loss of ¥545 million was recognized as an extraordinary loss in FY2022-Q1. The body of the disclosure does not specify the business or breakdown to which the loss relates.
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Recognition of loss on business restructuring | KASAI KOGYO CO.,LTD. (7256) | Komori