Losses on licensed products for the Tokyo 2020 Olympic and Paralympic Games
First written in FY2022-Q3. 1 of 2 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2022.
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- FY2022RestatedAnnual report
「In addition to higher procurement costs resulting from increases in raw-material and labor costs in the countries where products are manufactured, higher ocean freight rates and the depreciation of the yen, the recognition of losses on licensed products for the Tokyo 2020 Olympic and Paralympic Games resulted in earnings substantially falling short of the plan.」
The recognition of losses related to licensed products for the Tokyo 2020 Games is again cited as one factor behind the full-year earnings shortfall versus the plan. - FY2022-Q3MaterialisedAnnual report
「The Company was also affected by the recognition of ¥115 million in losses and expenses for licensed products for the Tokyo 2020 Olympic and Paralympic Games as of the end of the third quarter.」
The Company states that it actually recognized ¥115 million in losses and expenses related to licensed products for the Tokyo 2020 Olympic and Paralympic Games.