Suspension of Overseas Factory Operations and Related Losses Due to COVID-19
First written in FY2021-Q1. 1 of 3 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2022-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2022-Q1MitigatedAnnual report
「COVID-19-related loss 379 —」
No COVID-19-related loss was recorded in the current quarter, compared with ¥379 million in the same quarter of the previous year. Related losses from overseas plant shutdowns decreased in the income statement. - FY2021-Q2WorsenedAnnual report
「To prevent the spread of COVID-19, the company suspended operations at 2 sites in China, 2 sites in Mexico and its site in India in response to government requests and other measures requiring the mandatory suspension of plant operations at those locations. The company recorded ¥970 million as an extraordinary loss for fixed costs incurred during the respective shutdown periods and other expenses incurred while operations were suspended.」
Operations were suspended at 2 sites in China, 2 sites in Mexico and the India site, and ¥970 million in related costs was recorded. The amount recorded increased from the ¥379 million related loss in the previous quarter. - FY2021-Q1MaterialisedAnnual report
「To prevent the spread of COVID-19, the company suspended operations at 2 sites in China, 2 sites in Mexico and its site in India in response to government requests and other measures requiring the mandatory suspension of plant operations at those locations. The company recorded ¥379 million as an extraordinary loss for fixed costs incurred during the respective shutdown periods and other expenses incurred while operations were suspended.」
Operations were suspended at 2 sites in China, 2 sites in Mexico and the India site in response to government requests and other measures, and ¥379 million in fixed costs and other expenses was recorded as a COVID-19-related loss.