Iceco (7698) · FactConfirmation of the elimination of the store closure loss provision
Recognition of a Provision for Losses on Store Closures
First written in FY2022-Q3. . Latest entry: FY2023.
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- FY2023Confirmation of the elimination of the store closure loss provisionAnnual report
「Change in the store closure loss provision (△ indicates a decrease) － △ 49,028」
The ¥49.028 million store closure loss provision recorded at the end of the previous fiscal year decreased during the current fiscal year, with its elimination also reflected in the cash flow statement. - FY2023-Q2Elimination of the store closure loss provision balanceAnnual report
「Change in the store closure loss provision (△ indicates a decrease) － △ 49,028」
The store closure loss provision of ¥49.028 million recorded at the end of the previous fiscal year fell to zero at the end of the second quarter of the current fiscal year and was disclosed as a ¥49.028 million decrease in the quarterly cash flow statement. - FY2022Update to the store closure loss provision and closure decisionAnnual report
「Extraordinary losses were ¥95 million. This was mainly attributable to impairment losses recognized in the supermarket business during the current fiscal year due to declining profitability, and the expense for a store closure loss provision associated with the decision to close 1 store.」
The store closure loss provision reported in the third quarter was included in extraordinary losses in the annual results as an expense for a provision associated with the decision to close 1 store. - FY2022-Q3First statedAnnual report
「Provision for store closure losses」
The company recorded ¥38.800 million as an expense for the store closure loss provision in extraordinary losses for the cumulative third quarter and also recorded a store closure loss provision of ¥38.800 million in current liabilities at the end of the third quarter.