Closure of the Korean office, global cabins and other operations as part of a business review
First written in FY2021-Q2. 5 of 12 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
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- FY2024WorsenedAnnual report
「Business withdrawal loss of ¥1,137 million」
As losses related to the business review and withdrawal, the company recognized a business withdrawal loss of ¥1,137 million and a provision for business withdrawal losses of ¥1,160 million for the full year. - FY2024-Q2WorsenedAnnual report
「Business withdrawal losses 768」
Business withdrawal losses of ¥768 million were recognized in the cumulative second quarter under review as losses related to the business review and withdrawal. - FY2023MitigatedAnnual report
「Store closure losses of ¥453 million」
Store closure losses associated with the business review decreased from ¥453 million in the previous fiscal year to ¥111 million. - FY2023-Q3MitigatedAnnual report
「Store closure losses 75」
Cumulative third-quarter store closure losses were ¥75 million, down from ¥153 million in the same period of the previous year. - FY2023-Q2MitigatedAnnual report
「Store closure losses 54」
Store closure losses decreased from ¥110 million in the same period of the previous year to ¥54 million. - FY2023-Q1MitigatedAnnual report
「Store closure losses 30」
Store closure losses decreased from ¥55 million in the same period of the previous year to ¥30 million. - FY2022MitigatedAnnual report
「Store closure losses of ¥453 million」
Although recognition of store closure losses associated with the business review continued, they decreased from ¥2,531 million in the previous fiscal year to ¥453 million. - FY2022-Q3Store closure losses continued to be recordedAnnual report
「Store-Closure Losses」
Store closure losses of ¥153 million were recognized for the cumulative third quarter, and the recognition of closure-related losses associated with the business review continued. - FY2022-Q2Store closure losses continued to be recordedAnnual report
「Store-Closure Losses」
Store closure losses of ¥110 million were recognized in the cumulative second quarter under review, down from ¥2,025 million in the same period of the previous fiscal year. - FY2021Recognition of closure losses for the full yearAnnual report
「Net loss attributable to owners of the parent was ¥12,164 million, resulting in a loss for the year, due to the recognition of extraordinary losses related to the temporary closure of some hotels and restaurants as part of infection-control measures, as well as the closure of 1 business location in South Korea, Global Cabin (a budget hotel), and other facilities to further strengthen the business structure, compared with profit of ¥6,927 million in the previous fiscal year.」
The full-year performance explanation also confirmed the closure of 1 business location in South Korea, Global Cabin and other facilities, and described the impact of closure-related extraordinary losses on the loss for the year. - FY2021-Q3Recognition of extraordinary losses related to closuresAnnual report
「We closed 1 business location in South Korea, Global Cabin (a budget hotel), and other facilities as a result of a business review aimed at future growth and further strengthening the business structure. As a result of recognizing extraordinary losses related to these closures and other factors, net loss attributable to owners of the parent was ¥7,653 million, compared with profit of ¥8,184 million in the same period of the previous year and profit of ¥203 million in the consolidated third quarter under review.」
The company continued to disclose the closure of 1 business location in South Korea, Global Cabin and other facilities, and described the impact on the cumulative third-quarter net loss of ¥7,653 million, including extraordinary losses related to the closures. - FY2021-Q2First statedAnnual report
「With a view to future growth and to further strengthen our business structure, we reviewed our businesses and consequently closed 1 business location in South Korea, Global Cabin (a budget hotel), and other facilities.」
As a result of a business review aimed at future growth and strengthening the business structure, the company closed 1 business location in South Korea, Global Cabin and other facilities. It also incurred extraordinary losses related to the closures.