Avex (7860) · RiskMitigated
Contingent liabilities, including losses, related to contracted talent
First written in FY2020-Q3. 2 of 4 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2023-Q2.
4entries
3years
0from disclosures
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Provision for contingent losses related to contracted talentA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2023-Q2MitigatedAnnual report
「Reversal of provision for contingent losses - 50」
A ¥50 million reversal of the provision for contingent losses related to contracted talent was recognized, reducing the provision balance from ¥95 million at the end of the previous consolidated fiscal year to zero. - FY2023-Q1MitigatedAnnual report
「Reversal of provision for contingent losses - 50」
A ¥50 million reversal of the provision for contingent losses was recognized, reducing the balance on the balance sheet from ¥95 million to ¥45 million and lowering the provision balance for contingent loss risks related to contracted talent. - FY2021MaterialisedAnnual report
「Provision for contingent losses 225」
A ¥225 million provision for contingent losses has been recognized to cover contingent losses that may arise in the future in connection with contracted talent, and the risk is reflected in the year-end provision balance. - FY2020-Q3First statedAnnual report
「Losses and other items related to contracted talent of the Company's consolidated subsidiaries may affect the Company's consolidated results, but because the amount of the impact cannot currently be reasonably estimated, they have not been reflected in the quarterly consolidated financial statements for the cumulative third quarter.」
Losses and other items related to contracted talent are disclosed as contingent liabilities because they may affect consolidated results, but their impact cannot be reasonably estimated and has not been reflected in the financial statements.