Sanyo Shokai (8011) · FactDropped
Gain From Reversal of Accrued Costs Following Negotiations on Store-Exit Penalties
First written in FY2021-Q2. 1 of 4 entries say "Dropped", first in FY2022-Q2. Latest entry: FY2022-Q2.
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Gain on Reversal of Accrued Expenses for Contract Termination Penalties Related to Store WithdrawalsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2022-Q2DroppedAnnual report
「Not applicable.」
The Company stated that there were no applicable items for the cumulative second quarter regarding the gain on reversal of accrued expenses for contract cancellation penalties related to the withdrawal from stores. - FY2021Increase in contract cancellation penaltiesAnnual report
「Contract cancellation penalty 296 Gain on reversal of accrued expenses for contract cancellation penalties 71」
Contract cancellation penalties related to the withdrawal from stores totaled ¥296 million for the full fiscal year, up from ¥280 million for the cumulative third quarter. The Company also recognized a ¥71 million gain on reversal of accrued expenses. - FY2021-Q3Expense recognized concurrentlyAnnual report
「Contract cancellation penalty 280 Gain on reversal of accrued expenses for contract cancellation penalties 71」
In connection with the withdrawal from stores, the Company recognized a ¥280 million contract cancellation penalty as an extraordinary loss, while also recognizing a ¥71 million gain on reversal of accrued expenses resulting from negotiations over the penalties as extraordinary income. - FY2021-Q2First statedAnnual report
「This is the gain on reversal resulting from negotiations over penalties related to the withdrawal from stores.」
Following negotiations over penalties related to the withdrawal from stores, the Company recognized a ¥71 million gain on reversal of accrued expenses for contract cancellation penalties as extraordinary income.