Komori
Suzuden (7480) · InitiativeAchieved

Improving asset efficiency and strengthening BCM/BCP through the sale of the head office building

First written in FY2019-Q2. 1 of 3 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2019.

3entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019-Q2AdvancedFY2019-Q3 – FY20192018: 120182019: 22019
Same theme, other companies
Cash Generation and Balance-Sheet Streamlining Through the Sale of Real Estate and Related CompaniesA theme 7 companies write about · 0 as a headwind · 7 as a tailwind

2 other companies' latest entry also says "Achieved".

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Full recordFilings, disclosures and news, newest first
  1. FY2019AchievedAnnual report

    「28 September 2018 Agreement execution date 13 March 2019 Handover of the property The Company plans to record approximately ¥300 million as extraordinary income for the fourth quarter of the fiscal year ended March 2019 in connection with the transfer of the fixed assets.」

    The transfer of the land and building of the head office was completed on 13 March 2019, and a gain on the sale of fixed assets of ¥316 million was recorded. The measure aimed at improving asset efficiency and strengthening BCM and BCP was implemented.
  2. FY2019-Q3AdvancedAnnual report

    「28 September 2018 Agreement execution date 13 March 2019 Handover of the property *The second-quarter report had scheduled handover for 28 June 2019, but a memorandum of amendment was executed on 18 January 2019 to change the handover date to 13 March 2019. The Company plans to record approximately ¥300 million as extraordinary income for the fourth quarter of the fiscal year ended March 2019 in connection with the transfer of the fixed assets.」

    For the transfer of the head office building, the scheduled handover date changed from 28 June 2019 to 13 March of the same year, and a memorandum of amendment was executed on 18 January 2019. The plan to record approximately ¥300 million as extraordinary income in the fourth quarter also remained in place.
  3. FY2019-Q2First statedAnnual report

    「At a meeting of the Board of Directors held on 26 September 2018, the Company resolved to transfer fixed assets and entered into a transfer agreement on 28 September of the same year. The land and building were sold to promote asset efficiency through the effective use of management resources and enhance disaster preparedness by strengthening BCM and BCP. Handover of the property was scheduled for 28 June 2019. The Company plans to record approximately ¥300 million as extraordinary income for the fiscal year ending March 2020 in connection with the transfer of the fixed assets.」

    The Company entered into a transfer agreement for the land and building of its head office to improve asset efficiency and strengthen BCM and BCP. Handover was scheduled for June 2019, and the Company planned to record approximately ¥300 million as extraordinary income for the fiscal year ending March 2020.
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