Risk of Deteriorating Terms for Exiting Overseas Operations
First written in FY2016. 8 of 12 entries say "Restated". Latest entry: FY2019-Q3.
The whole theme swung hardest in 2020: 30 of 69 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「Following the recognition of the profit or loss arising from the withdrawal from the hotel and resort operations business in the overseas business as extraordinary income in the cumulative third quarter of the current consolidated fiscal year, the Company has determined that the business and other risks described under “(8) Overseas Business” in the securities report for the previous fiscal year have ceased to exist.」
The Company has reaffirmed its determination that the previous risk relating to withdrawal from overseas businesses has ceased to exist, in light of the recognition of the profit or loss associated with the withdrawal from the hotel and resort operations business as extraordinary income. - FY2019-Q2RestatedAnnual report
「Following the recognition of the profit or loss arising from the withdrawal from the hotel and resort operations business in the overseas business as extraordinary income in the cumulative second quarter of the current consolidated fiscal year, the Company has determined that the business and other risks described under “(8) Overseas Business” in the securities report for the previous fiscal year have ceased to exist.」
The Company has reaffirmed its determination that the previous risk relating to withdrawal from overseas businesses has ceased to exist, in light of the accounting treatment for the profit or loss associated with the withdrawal from the hotel and resort operations business. - FY2019-Q1DroppedAnnual report
「Following the recognition of the profit or loss arising from the withdrawal from the hotel and resort operations business in the overseas business as extraordinary income in the cumulative first quarter of the current consolidated fiscal year, the Company has determined that the business and other risks described under “(8) Overseas Business” in the securities report for the previous fiscal year have ceased to exist.」
It is expressly stated that the previous risk relating to withdrawal from overseas businesses has ceased to exist following the recognition of the profit or loss associated with the withdrawal from the hotel and resort operations business as extraordinary income. - FY2018MitigatedAnnual report
「It is stated that the completion of the transfer of the hotel and resort operations business, together with provisions recognised in prior fiscal years, has limited the exposure to deterioration in withdrawal conditions.」
Although the impact on profit or loss of the withdrawal from the hotel and resort operations business in the overseas business as a result of this share transfer is currently under review, the Company believes that no material impact on profit or loss will arise because a provision for losses on withdrawal from overseas businesses was recognised in prior fiscal years against the estimated costs associated with the withdrawal. - FY2018-Q3Increase in the balance of the provision for losses on withdrawal from overseas businessesAnnual report
「Provision for losses on withdrawal from overseas businesses 7,154 7,502」
The balance of the provision for losses on withdrawal from overseas businesses increased from ¥7,154 million at the end of the previous consolidated fiscal year to ¥7,502 million. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It is stated that there has been no new occurrence or material change concerning the risk of deterioration in the conditions for withdrawal from overseas businesses. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It is stated that there has been no new occurrence or material change concerning the risk of deterioration in the conditions for withdrawal from overseas businesses. - FY2017RestatedAnnual report
「However, if the conditions for withdrawing from the business deteriorate materially, including through a substantial increase in the costs associated with a future withdrawal, this may affect the Group's financial results and financial position.」
The risk of deterioration in conditions, including increased costs associated with withdrawal from overseas businesses, continues to be disclosed. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there has been no new occurrence or material change concerning the risk of deterioration in the conditions for withdrawal from overseas businesses. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It is expressly stated that there has been no material change concerning the risk of deterioration in the conditions for withdrawal from overseas businesses. - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It is expressly stated that there has been no material change concerning the risk of deterioration in the conditions for withdrawal from overseas businesses. - FY2016First statedAnnual report
「However, if the conditions for withdrawing from the business deteriorate materially, including through a substantial increase in the costs associated with a future withdrawal, this may affect the Group's financial results and financial position.」
The deterioration of withdrawal conditions, including increased costs associated with withdrawal, is identified as a risk.