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Yoshinoya Holdings (9861) · FactNo subsidy income continued for the full fiscal year

Recognition of Losses Related to COVID-19 and Employment Adjustment Subsidy Income

First written in FY2021-Q1. . Latest entry: FY2025.

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ProgressHeldSoftenedWorseOtherFY2021-Q1 – FY20252020: 220202021: 420212022: 420222023: 320232024: 120242025: 12025
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  1. FY2025No subsidy income continued for the full fiscal yearAnnual report

    「Subsidies and other amounts received 1,301 -」

    The ¥1,301 million in subsidies and other amounts received that had been recognized in the same period of the previous year was not recognized in the current fiscal year.
  2. FY2024-Q3No subsidy and other income continuedAnnual report

    「Not applicable.」

    No subsidy and other income was recognized in the cumulative consolidated third-quarter period, including cooperation payments related to reduced operating hours to prevent the spread of infection that had been recognized in the same period of the previous year.
  3. FY2024-Q1No subsidy and other income in the current quarterAnnual report

    「Not applicable.」

    No subsidy and other income was recognized in the cumulative consolidated first-quarter period, including cooperation payments related to reduced operating hours to prevent the spread of infection that had been recognized in the same period of the previous year.
  4. FY2023Subsidy and other income decreased to ¥4,881 million for the full yearAnnual report

    「The company recognized ¥4,881 million in cooperation payments and other items from local governments related to reduced operating hours to prevent the spread of infection as subsidy and other income in non-operating income.」

    Full-year COVID-19-related subsidy and other income totaled ¥4,881 million, down from ¥13,125 million in the previous fiscal year.
  5. FY2023-Q3Cumulative subsidy and other income increased to ¥3,662 millionAnnual report

    「The company recognized ¥3,662 million in cooperation payments from local governments related to reduced operating hours to prevent the spread of infection as subsidy and other income in non-operating income.」

    COVID-19-related subsidy and other income totaled ¥3,662 million, down from ¥9,345 million in the same period of the previous year.
  6. FY2023-Q2Cumulative subsidy and other income decreased to ¥3,414 millionAnnual report

    「The company recognized ¥3,414 million in cooperation payments from local governments related to reduced operating hours to prevent the spread of infection as subsidy and other income in non-operating income.」

    COVID-19-related subsidy and other income decreased from ¥4,132 million in the same period of the previous year to ¥3,414 million.
  7. FY2023-Q1Subsidy and other income decreased year on yearAnnual report

    「The company recognized ¥1,431 million in cooperation payments from local governments related to reduced operating hours to prevent the spread of infection as subsidy and other income in non-operating income.」

    COVID-19-related subsidy and other income totaled ¥1,431 million, down from ¥2,582 million in the same period of the previous year.
  8. FY2022Subsidy and other income increased to ¥13,125 million for the full yearAnnual report

    「Ordinary profit and net profit attributable to owners of the parent improved significantly year on year due to the recognition of ¥13,125 million in subsidy and other income as non-operating income, including cooperation payments from local governments related to reduced operating hours and employment adjustment subsidies.」

    Full-year recognized cooperation payments, employment adjustment subsidies and other COVID-19-related income totaled ¥13,125 million, up from ¥3,275 million in the previous year.
  9. FY2022-Q3Subsidy and other income increased to ¥9,345 million on a cumulative basisAnnual report

    「Ordinary profit and quarterly net profit attributable to owners of the parent improved significantly year on year due to the recognition of ¥9,345 million in subsidy and other income as non-operating income, including cooperation payments from local governments related to reduced operating hours and employment adjustment subsidies.」

    Cumulative recognized cooperation payments, employment adjustment subsidies and other COVID-19-related income increased from ¥4,132 million in the previous cumulative quarter to ¥9,345 million, contributing to the improvement in ordinary profit and other measures.
  10. FY2022-Q2Increase in cumulative recognized subsidy income and COVID-19-related lossesAnnual report

    「Ordinary profit and quarterly net profit attributable to owners of the parent improved significantly year on year due to the recognition of ¥4,132 million in subsidy and other income as non-operating income, including cooperation payments from local governments related to reduced operating hours and employment adjustment subsidies.」

    Cumulative COVID-19-related subsidy and other income reached ¥4,132 million, up from ¥2,582 million in the previous cumulative quarter. COVID-19-related losses were ¥6 million.
  11. FY2022-Q1Subsidy income and COVID-19-related losses recognized in the first quarterAnnual report

    「Ordinary profit and net profit attributable to owners of the parent turned profitable and improved significantly year on year, due to cost reductions and the recognition of ¥2,582 million in subsidy and other income as non-operating income, including cooperation payments from local governments related to reduced operating hours and employment adjustment subsidies.」

    The company recognized ¥2,582 million in cooperation payments related to reduced operating hours, employment adjustment subsidies and other items in the first quarter, contributing to the return to profitability of ordinary profit and quarterly net profit attributable to owners of the parent. COVID-19-related losses were ¥6 million.
  12. FY2021Full-year recognized amounts of subsidy income and COVID-19-related losses finalizedAnnual report

    「The company recognized ¥3,275 million in subsidy and other income as non-operating income, including cooperation payments from local governments to prevent the spread of infection in connection with reduced operating hours and employment adjustment subsidies, and recognized ¥611 million in COVID-19-related losses as an extraordinary loss, representing part of the fixed costs incurred during the closure periods of stores closed in accordance with instructions and guidelines issued by governments and administrative authorities in various countries.」

    COVID-19-related subsidy and other income totaled ¥3,275 million for the full year, while COVID-19-related losses totaled ¥611 million.
  13. FY2021-Q3Increase in recognized subsidy income and COVID-19-related lossesAnnual report

    「The company recognized ¥997 million in subsidy and other income as non-operating income, and ¥607 million in COVID-19-related losses as an extraordinary loss, representing part of the fixed costs incurred during the closure periods of stores closed in accordance with instructions and guidelines issued by governments and administrative authorities in various countries.」

    COVID-19-related subsidy and other income totaled ¥997 million, while COVID-19-related losses totaled ¥607 million, both increasing from the amounts disclosed for the cumulative previous quarter.
  14. FY2021-Q2Increase in recognized subsidy income and COVID-19-related lossesAnnual report

    「The company recognized ¥860 million in subsidy and other income as non-operating income, and ¥595 million in COVID-19-related losses as an extraordinary loss, representing part of the fixed costs incurred during the closure periods of stores closed in accordance with instructions and guidelines issued by governments and administrative authorities in various countries.」

    COVID-19-related subsidy and other income totaled ¥860 million, while COVID-19-related losses totaled ¥595 million, both increasing from the amounts disclosed for FY2021-Q1.
  15. FY2021-Q1First statedAnnual report

    「Due to the impact of COVID-19, we recognized ¥639 million in employment adjustment subsidy income as non-operating income, representing the expected amount of the subsidy, and ¥554 million in COVID-19-related losses as an extraordinary loss, representing part of the fixed costs incurred during the closure periods of stores closed in accordance with instructions and guidelines issued by governments and administrative authorities in various countries.」

    In connection with COVID-19, the company recognized ¥639 million in employment adjustment subsidy income and ¥554 million in COVID-19-related losses in income and expenses for the current quarter.
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Recognition of Losses Related to COVID-19 and Employment Adjustment Subsidy Income | YOSHINOYA HOLDINGS CO.,LTD. (9861) | Komori