Consolidation and Relocation of Head Office Operations and Sale of Company-Owned Building
First written in FY2019-Q2. 3 of 6 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2020.
0 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「following the recognition of a ¥1,433 million gain on the sale of the former head office building and land」
The consolidation and relocation of the head office and the sale of the former head office building and land were reflected in actual results, with a ¥1,433 million gain on the sale recognized. - FY2020-Q3RestatedAnnual report
「Ordinary income was ¥1,948 million, down ¥595 million year on year, due to a decline in the gross profit margin resulting from difficulties in high-margin areas and a temporary increase in expenses associated with the relocation of the head office building. Meanwhile, quarterly net income attributable to owners of the parent benefited from the recognition of a ¥1,433 million gain on the sale of the former head office building and land,」
The company continues to disclose the temporary expenses associated with the relocation of the head office building and the gain on the sale of the former head office building and land. - FY2020-Q2AdvancedAnnual report
「As a result, net sales were ¥56,781 million, up 4.4% year on year, while ordinary income was ¥1,269 million, down ¥619 million year on year, due to a decline in the gross profit margin resulting from difficulties in high-margin areas and a temporary increase in expenses associated with the relocation of the head office building. Meanwhile, quarterly net income attributable to owners of the parent benefited from the recognition of a ¥1,433 million gain on the sale of the former head office building and land,」
The company recognized temporary expenses associated with the relocation of the head office building and a ¥1,433 million gain on the sale of the former head office building and land. The existing plan to consolidate and relocate the head office and sell the company-owned buildings has progressed into execution. - FY2019AdvancedAnnual report
「Total assets at the end of the fiscal year were ¥86,801 million, an increase of ¥8,931 million from the end of the previous fiscal year. The main factors were a ¥1,844 million increase in cash and deposits, a ¥2,406 million increase in notes and accounts receivable, a ¥216 million increase in electronically recorded monetary claims, and a ¥273 million increase in merchandise and finished goods, despite a ¥2,399 million decrease in securities, compared with the end of the previous fiscal year.」
The company advanced the consolidation of its head office, including the acquisition of fixed assets for the new head office, resulting in increases of ¥3,013 million in buildings and ¥3,432 million in land. Relocation to the new head office was scheduled for the second quarter of the fiscal year ending March 2020. - FY2019-Q3AdvancedAnnual report
「The relocation to the acquired new head office offices is scheduled for the second quarter of the fiscal year ending March 2020.」
On the assumption that the new head office offices have been acquired, the relocation timing is specified as the second quarter of the fiscal year ending March 2020. - FY2019-Q2First statedAnnual report
「The company will acquire fixed assets, comprising condominium-based ownership interests, in order to consolidate its head office offices currently spread across multiple locations, strengthen coordination among business divisions, improve the working environment and increase productivity. In addition, in connection with the consolidation of the head office offices, it will transfer fixed assets that will become idle assets, namely 2 company-owned buildings, to make effective use of its management resources.」
The company plans to acquire part of Building Z at Harumi Island Triton Square and transfer 2 company-owned buildings. The gain on the transfer is approximately ¥1.4 billion, with the transfer of ownership, handover and head office relocation scheduled between 2019 and the second quarter of the fiscal year ending March 2020.