No Revenue Recognized and Loss Incurred in Indonesia Overseas Financial Instruments Trading Business
First written in FY2017-Q2. 3 of 8 entries say "Reframed", first in FY2018-Q1. Latest entry: FY2022.
3 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「PT.PIALANG JEPANG BERJANGKA, the consolidated subsidiary that operated a commodity futures brokerage business in Indonesia and had been undergoing liquidation procedures, completed its liquidation as of 22 April 2022.」
The liquidation procedures for the Indonesian subsidiary PJB were completed on 22 April 2022, concluding the winding-up of the business. - FY2021-Q3RestatedAnnual report
「At its board meeting on 14 October 2020, the Company resolved to begin liquidation procedures for its Indonesian subsidiary PT.PIALANG JEPANG BERJANGKA, hereinafter referred to as PJB.」
The policy of beginning liquidation procedures for the Indonesian subsidiary was reaffirmed. Completion of the liquidation was scheduled for around August 2021, following completion of the procedures required under local law. - FY2021-Q2ReframedAnnual report
「PJB was established in Jakarta, Republic of Indonesia, in May 2014. It obtained a license from the Indonesia Commodity Futures Derivatives Exchange and, as a member of the exchange, aimed to engage in the commodity futures trading business and build the group’s business in Asia, but it was unable to achieve sufficient results in terms of revenue after commencing operations. In addition, the business environment surrounding the company became increasingly difficult as a result of various restrictions on business activities and sluggish investment activity in the Indonesian financial markets, following measures including the implementation of lockdowns in the country amid concerns over the spread of COVID-19 earlier this year. In light of the resulting outlook that it would be difficult to improve the business going forward, the Company’s board of directors conducted a careful review and decided to begin liquidation procedures in Indonesia.」
The Indonesian overseas financial instruments trading business failed to generate sufficient revenue and its operating environment deteriorated because of lockdowns and other measures related to COVID-19. The policy therefore changed from continuing the business to beginning liquidation procedures. Completion of the liquidation was scheduled for June to August 2021. - FY2021-Q1ReframedAnnual report
「In connection with this share transfer, ZEエナジー was excluded from the scope of consolidation and became an equity-method affiliate.」
ZEエナジー's business did not end. Following the partial transfer of its shares, its status changed from a consolidated subsidiary to an equity-method affiliate. - FY2018-Q1ReframedAnnual report
「Beginning with the first quarter of the current fiscal year, the presentation of the overseas financial instruments trading business has been changed to include it in Other because its quantitative materiality has declined.」
The Indonesian overseas financial instruments trading business was integrated into Other as a reportable segment because its quantitative materiality had declined, not because the business itself had ended. - FY2017Losses widenedAnnual report
「The segment operated by the Indonesian subsidiary PT.PIALANG JEPANG BERJANGKA generated no operating revenue and recorded a segment loss of ¥27.804 million, compared with an operating loss of ¥42.395 million in the previous fiscal year.」
The Indonesian business continued to generate no operating revenue, and the segment loss was ¥27.804 million. - FY2017-Q3Losses widenedAnnual report
「The segment operated by the Indonesian subsidiary PT.PIALANG JEPANG BERJANGKA generated no operating revenue and recorded a segment loss of ¥22.091 million.」
The Indonesian overseas financial instruments trading business generated no operating revenue, and the segment loss widened to ¥22.091 million. - FY2017-Q2First statedAnnual report
「The segment operated by the Indonesian subsidiary PT.PIALANG JEPANG BERJANGKA generated no operating revenue and recorded a segment loss of ¥15.816 million.」
In the overseas financial instruments trading business, operating revenue for the cumulative second quarter was zero, and a segment loss was recorded.