Increase in Revenue and Decrease in Inventory from the Sale of Real Estate Held for Sale
First written in FY2018-Q3. 1 of 2 entries say "Advanced", first in FY2018. Latest entry: FY2018.
0 other companies' latest entry also says "Advanced".
- FY2018AdvancedAnnual report
「The main factors were an ¥780 million increase in cash and deposits, a ¥330 million decrease due to the sale of inventories, and decreases of ¥408 million in buildings, net, and ¥525 million in land due to the sale of property, plant and equipment and other factors.」
The Company sold ¥330 million of real estate held for sale, reducing the balance of real estate held for sale to zero at period-end. Revenue increased from ¥246 million to ¥515 million. - FY2018-Q3First statedAnnual report
「Revenue increased substantially year on year during the current third-quarter consolidated cumulative period due to the sale of real estate held for sale. The main factors were an ¥795 million increase in cash and deposits, a ¥330 million decrease due to the sale of inventories, and decreases of ¥385 million in buildings, net, and ¥516 million in land due to the sale of property, plant and equipment and other factors.」
The Company explains that revenue increased year on year due to the sale of real estate held for sale. Inventories decreased from ¥330 million at the end of the previous consolidated fiscal year to zero at the end of the current third quarter.