Recording Fixed Store Costs During Temporary Closures as Extraordinary Losses
First written in FY2021-Q1. . Latest entry: FY2023-Q1.
7 other companies' latest entry also says "Other".
- FY2023-Q1No recognition of losses from temporary closuresAnnual report
「Losses from temporary store closures —」
No losses from temporary store closures were recognized in the income statement for the cumulative first quarter under review. - FY2022Decrease in extraordinary losses associated with temporary store closuresAnnual report
「Although the amount of extraordinary losses recognized for temporary measures associated with the declaration of a state of emergency and other measures decreased substantially from the previous fiscal year (the fiscal year ending March 2021), and the amount recognized as operating expenses increased, operating profit amounted to ¥262 million, up 127.6% year on year, as a result of higher sales, a lower cost-of-sales ratio and continued efforts to reduce expenses.」
The amount of extraordinary losses recognized in connection with temporary store closures decreased substantially from the previous fiscal year, and a greater portion returned to being recognized as ordinary operating expenses. - FY2022-Q2Substantial decrease in losses from temporary store closuresAnnual report
「Losses from temporary store closures ¥37,624 thousand」
Losses from temporary store closures during the cumulative second quarter under review amounted to ¥37,624 thousand, a substantial decrease from ¥264,055 thousand in the same period of the previous year. - FY2022-Q1Decrease in losses from temporary store closuresAnnual report
「Although the company worked to reduce expenses across the board, operating loss amounted to ¥104 million (operating loss of ¥103 million in the same period of the previous year), roughly in line with the previous year, partly because the amount of extraordinary losses recognized for staff costs and store rent during the closure period decreased substantially from the same period of the previous year.」
Losses from temporary store closures decreased substantially from the same period of the previous year, with ¥37,624 thousand recognized in the first quarter under review. The components were fixed costs, including store staff costs, store rent and depreciation during the closures. - FY2021Full-year recognition of fixed costs associated with temporary store closuresAnnual report
「The main components of losses from temporary store closures were fixed costs, including store staff costs, store rent and depreciation incurred at stores during the temporary closures.」
The company recognized ¥264 million in store-closure-related expenses, including staff costs, store rent and depreciation during temporary closures, as extraordinary losses. - FY2021-Q2Disclosure of the amount of fixed costs during temporary store closuresAnnual report
「In addition, because the company recognized ¥264 million, comprising the fixed portions of cost of sales, property-related expenses and personnel expenses associated with store closures, as extraordinary losses, operating loss amounted to ¥44 million (operating profit of ¥315 million in the same period of the previous year).」
The company disclosed that it recognized ¥264 million, comprising the fixed portions of cost of sales, property-related expenses and personnel expenses during store closures, as extraordinary losses. - FY2021-Q1First statedAnnual report
「Regarding expenses, the company judged the staff costs and other fixed costs, such as store rent, related to stores during the closure period to be temporary in nature and recognized them as extraordinary losses.」
The company recognized fixed costs during store closures, including staff costs, store rent and depreciation, as extraordinary losses due to temporary store closures.