One-Off Costs, Impairment Losses and Business Restructuring Losses Associated with Global Business Restructuring
First written in FY2020-Q2. 9 of 9 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2025-H1.
Onward Holdings moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 2 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「Losses on liquidation of affiliated companies 1,445」
The company recorded ¥1,445 million in losses on the liquidation of affiliated companies, mainly due to the release of foreign currency translation adjustment accounts following the completion of the liquidation of Onward Italia S.r.l. - FY2022MaterialisedAnnual report
「Extraordinary losses totaled ¥7,921 million, reflecting losses on the sale of shares in affiliated companies, losses on the liquidation of affiliated companies and impairment losses arising from global business-structure reform, as well as fixed costs incurred during temporary closures under the state of emergency, which were recorded as losses from temporary closures and related measures.」
Losses on share sales, losses on the liquidation of affiliated companies and impairment losses associated with structural reform, together with losses from temporary closures due to the pandemic, continued through the full year, bringing extraordinary losses to ¥7,921 million. - FY2022-Q3MaterialisedAnnual report
「Losses on sale of shares in affiliated companies 1,829 Losses on liquidation of affiliated companies 1,968」
For the nine months ended the third quarter, the company recorded ¥1,829 million in losses on the sale of shares in affiliated companies and ¥1,968 million in losses on the liquidation of affiliated companies. Losses associated with structural reform continued to weigh on results. - FY2022-Q2MaterialisedAnnual report
「Extraordinary losses amounted to ¥15.899 billion, reflecting losses on the sale of shares in affiliated companies and impairment losses resulting from the global business structural reforms, as well as fixed costs incurred during the suspension of operations under the state of emergency, which were recorded as "losses due to temporary closures, etc."」
In addition to losses on the sale of shares in affiliated companies and impairment losses associated with structural reform, the company incurred losses from temporary closures due to the pandemic. For the six months ended the second quarter, it recorded ¥1,829 million in losses on the sale of shares in affiliated companies, ¥1,968 million in losses on the liquidation of affiliated companies, ¥222 million in impairment losses and ¥1,062 million in losses from temporary closures and related measures. - FY2022-Q1MaterialisedAnnual report
「Losses due to temporary closures, etc. 779 Losses on the sale of shares in affiliated companies 2,027 Impairment losses 155 Losses on business reorganization of affiliated companies 1,968」
In the first quarter, the company recorded ¥779 million in losses from temporary closures, ¥2,027 million on the sale of shares in affiliated companies, ¥155 million in impairment losses and ¥1,968 million in losses on the liquidation of affiliated companies. Losses associated with structural reform and the pandemic continued to weigh on results. - FY2021MaterialisedAnnual report
「Extraordinary losses amounted to ¥15.899 billion, reflecting losses on the sale of shares in affiliated companies and impairment losses resulting from the global business structural reforms, as well as fixed costs incurred during the suspension of operations under the state of emergency, which were recorded as "losses due to temporary closures, etc."」
Losses on the sale of shares in affiliated companies and impairment losses associated with the structural reforms, as well as losses from the suspension of operations due to infectious diseases, were incurred as extraordinary losses for the full fiscal year. - FY2020MaterialisedAnnual report
「Extraordinary income amounted to ¥2,988 million, primarily from gains on sales of property, plant and equipment and investment securities. Extraordinary loss amounted to ¥36,732 million, primarily due to impairment losses and special retirement payments associated with the global business restructuring program.」
Impairment losses and special retirement payments associated with the global business structural reforms were incurred during the full fiscal year, resulting in extraordinary losses of ¥36.732 billion and a net loss attributable to owners of the parent of ¥52.135 billion. - FY2020-Q3MaterialisedAnnual report
「As a result, consolidated net sales were ¥182.874 billion, up 2.4% year on year; consolidated operating profit was ¥2.426 billion, down 46.0%; consolidated ordinary profit was ¥1.983 billion, down 61.9%; and, due to the recognition of impairment losses and business restructuring losses associated with the global business restructuring described above, the net loss attributable to owners of the parent was ¥22.672 billion, compared with net income attributable to owners of the parent of ¥4.677 billion in the same period of the previous year.」
Impairment losses and losses on business reorganization associated with the global business structural reforms continued to be recognized, resulting in a quarterly net loss attributable to owners of the parent of ¥22.672 billion. - FY2020-Q2MaterialisedAnnual report
「As a result of recognizing temporary operating expenses, impairment losses and business-restructuring losses associated with the global business restructuring described above, profit attributable to owners of the parent was a quarterly net loss of ¥24,432 million, compared with quarterly net profit attributable to owners of the parent of ¥1,479 million in the same quarter of the previous year.」
Temporary operating expenses, impairment losses and business-restructuring losses associated with global business restructuring were actually recognized, resulting in a quarterly net loss attributable to owners of the parent of ¥24,432 million.