Recognition of a provision for losses arising from the liquidation of dormant affiliated companies
First written in FY2019-Q2. . Latest entry: FY2020-Q1.
1 other company's latest entry also says "Other".
- FY2020-Q1Provision balance eliminated following the liquidation of a dormant affiliateAnnual report
「No extraordinary loss was incurred in either the same period of the previous fiscal year or the cumulative first quarter of the current fiscal year.」
The ¥63 million provision for losses on the liquidation of an affiliate recorded at the end of the previous fiscal year had a zero balance on the balance sheet for the current quarter. In connection with the liquidation of a dormant group company, ¥7 million in gains on the sale of shares in an affiliate, liquidation gains and other items was also recorded as extraordinary income. - FY2019Annual provision for losses on the liquidation of an affiliateAnnual report
「An expense of ¥63 million was recorded for the provision for losses on the liquidation of an affiliate to cover the realization of unrealized losses, primarily from foreign exchange movements in prior years, associated with the liquidation of a dormant affiliate.」
A ¥63 million provision for losses on the liquidation of an affiliate was recorded to cover unrealized foreign exchange losses associated with the liquidation of a dormant affiliate. - FY2019-Q3Increase in the provision for losses on the liquidation of an affiliateAnnual report
「An expense of ¥73 million was recorded for the provision for losses on the liquidation of an affiliate to cover the realization of unrealized losses from foreign exchange movements associated with the liquidation of a dormant affiliate.」
The expense recorded for the provision to cover the liquidation of the dormant affiliate was ¥73 million, up from ¥63 million reported in the previous quarterly report. - FY2019-Q2First statedAnnual report
「In liquidating a dormant affiliate, unrealized losses from long-term foreign exchange movements since the affiliate was established were expected to be realized. Accordingly, ¥63 million was recorded as an extraordinary loss as an expense related to the provision for losses on the liquidation of an affiliate to cover the expected loss.」
A ¥63 million provision was recorded to cover the expected realization of unrealized losses from long-term foreign exchange movements associated with the liquidation of a dormant affiliate.