Improving Asset Efficiency Through the Disposal of Non-Core Real Estate and Investment in Growth
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「In addition, the Company sold the following major equipment during the current consolidated fiscal year." "Timing of sale: November 2019" "A gain on sale of fixed assets of ¥1,046 million was recognized as extraordinary income, primarily due to the sale of real estate owned by a U.S. subsidiary.」
The Company sold real estate in New Hampshire, United States, in November 2019 and recognized a gain on sale of fixed assets of ¥1,046 million. In contrast to the sale plan and intended use of the sale proceeds presented in the previous filing, the sale itself has been completed. - FY2020-Q3First statedAnnual report
「We will promote the efficient use of management resources and a selective focus on core businesses, and seek to enhance corporate value over the long term by using the sale proceeds for growth investments." "As a result of the transfer of these fixed assets, the Company plans to recognize a gain on sale of fixed assets of ¥1,036 million as extraordinary income in the consolidated financial results for the fiscal year ending March 2020.」
The Company states that its consolidated subsidiary PARKWOOD ENGINEERING DEVELOPMENT CORP. transferred real estate it owned in New Hampshire, United States, on 26 November 2019 and will use the sale proceeds for growth investment as part of measures to improve asset efficiency and focus selectively on core businesses. It plans to recognize a gain on sale of fixed assets of ¥1,036 million at the end of the fiscal year ending March 2020.