Increase in taxes and dues due to higher business tax rates
First written in FY2016-Q3. 1 of 2 entries say "Restated". Latest entry: FY2016.
0 other companies' latest entry also says "Restated".
- FY2016RestatedAnnual report
「In addition to the decline in gross profit margin caused by sales and other measures to clear inventory, increased advertising and promotional expenses to strengthen clothing sales and higher taxes and dues due to an increase in the business tax rate led to an operating loss of ¥20 million, compared with operating profit of ¥23 million in the same period of the previous year.」
The increase in taxes and dues due to the higher business tax rate was also cited as a factor behind the operating loss for the full fiscal year. - FY2016-Q3First statedAnnual report
「In addition, increased advertising expenses aimed at strengthening apparel sales and higher taxes and dues due to an increase in the business tax rate resulted in an operating loss of ¥22 million (operating loss in the same period of the previous year: ¥12 million).」
The increase in the business tax rate appeared as an actual increase in taxes and dues, and was identified as a factor behind the operating loss.