Review of the lease liability recognition period in connection with the withdrawal from operations of an overseas subsidiary
First written in FY2022-Q3. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
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- FY2023AchievedAnnual report
「The ¥50.765 million gain on the reversal of foreign currency translation adjustments following the liquidation of an overseas subsidiary resulted from reversing the foreign currency translation adjustment account upon completion of the liquidation of the consolidated subsidiary SUZUDEN TRADING (SHANGHAI) CO., LTD. (斯咨電貿易（上海）有限公司).」
The liquidation of the Shanghai subsidiary was completed, and the company recognized a ¥50.765 million gain on the reversal of foreign currency translation adjustments. - FY2022AdvancedAnnual report
「The ¥108.746 million gain on the reversal of lease liabilities resulted from reversing lease liabilities for the right-of-use assets of an overseas subsidiary after reviewing the recognition period for the lease liabilities following the withdrawal from its business.」
The review of the recognition period for lease liabilities following the overseas subsidiary’s withdrawal from its business was finalized for the full fiscal year as a ¥108.746 million gain on the reversal of lease liabilities. - FY2022-Q3First statedAnnual report
「This was also due to the recognition of extraordinary income resulting from a review of the recognition period for lease liabilities following the withdrawal of an overseas subsidiary from its business.」
For the first time, the company states that it recognized extraordinary income after reviewing the recognition period for lease liabilities following an overseas subsidiary’s withdrawal from its business. The subsidiary’s name and the amount of extraordinary income are not disclosed in the main text.