Tokai Lease (9761) · RiskMaterialised
Difficulty developing the leasing business in China due to domestic fire-safety regulations
First written in FY2020-Q3. 2 of 2 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020.
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Disposal of leasing business assets due to China's fire-safety specification regulationsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2020MaterialisedAnnual report
「The details of the gain on sales of property, plant and equipment are as follows: assets for leasing, ¥1.748 million; leasehold rights, ¥277.609 million; machinery, equipment and vehicles, ¥57 thousand; total, ¥279.415 million.」
In connection with the difficulty of developing the leasing business in China due to domestic fire-safety regulations and other factors, the leasehold rights and other assets of the Fuzhou subsidiary were actually disposed of, and a gain on sales of property, plant and equipment of ¥279.415 million was recorded. - FY2020-Q3MaterialisedAnnual report
「Because the development of the leasing business in China is difficult due to fire-safety regulations applicable to leasing materials in China and other factors」
The disposal of assets for leasing was approved because the leasing business in China had become difficult to develop due to domestic fire-safety regulations and other factors, and a special loss of ¥109.860 million is expected to be recorded.