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Cox (9876) · FactMitigated

Losses Related to Temporary Store Closures and Similar Matters and Gains from Store Rent Waivers

First written in FY2021-Q1. 4 of 11 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2023.

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ProgressHeldSoftenedWorseOtherFY2021-Q1 – FY2022MitigatedFY2023-Q1 – FY20232020: 220202021: 320212022: 420222023: 22023
Same theme, other companies
Gains on COVID-19-related Store Rent Forgiveness and Subsidy IncomeA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

0 other companies' latest entry also says "Mitigated".

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  1. FY2023MitigatedAnnual report

    「Losses related to temporary closures and other measures 537」

    Losses related to temporary closures and other measures decreased from ¥9.565 million in the previous fiscal year to ¥537,000, reducing the accounting impact of store closures and shortened operating hours.
  2. FY2023-Q3MitigatedAnnual report

    「Losses related to temporary closures and other measures 526」

    Losses related to temporary closures and other measures decreased from ¥9.528 million in the same period of the previous year to ¥526,000, reducing the accounting impact of store closures and shortened operating hours.
  3. FY2023-Q2MitigatedAnnual report

    「Losses related to temporary closures and other measures 481」

    Losses related to temporary closures and other measures decreased from ¥8.548 million in the same period of the previous year to ¥481,000, reducing the accounting impact of store closures and shortened operating hours.
  4. FY2023-Q1MitigatedAnnual report

    「Losses related to temporary closures and other measures 275」

    Losses related to temporary closures and other measures decreased from ¥4.753 million in the same period of the previous year to ¥275,000, reducing the accounting impact.
  5. FY2022Continued recognition of annual losses related to temporary closuresAnnual report

    「The losses were recorded as extraordinary losses related to temporary closures and other measures.」

    The Company also recorded ¥9.565 million in losses arising from temporary store closures and shortened operating hours during the current fiscal year.
  6. FY2022-Q3Continued recognition of losses related to temporary closuresAnnual report

    「As part of efforts to prevent the spread of COVID-19, the Company temporarily closed stores and other facilities and shortened their operating hours in response to requests from the government and local authorities to suspend operations and declarations of a state of emergency. Accordingly, costs, including personnel expenses and depreciation, and other losses arising from these measures at stores and other facilities were recorded as extraordinary losses related to temporary closures.」

    The Company also recorded ¥9.528 million in losses related to temporary closures and other measures for the first nine months, and the accounting impact of store closures and shortened operating hours continued.
  7. FY2022-Q2Continued recognition of losses related to temporary closuresAnnual report

    「As part of efforts to prevent the spread of COVID-19, large commercial facilities in which the Company operates stores temporarily closed or shortened their operating hours in response to requests from the government and local authorities. Accordingly, costs, including personnel expenses and depreciation, and other losses arising from these measures at stores and other facilities were recorded as extraordinary losses related to temporary closures.」

    The Company also recorded ¥8.548 million in losses related to temporary closures and other measures for the first six months, and the accounting impact of closures and shortened operating hours continued.
  8. FY2022-Q1Continued recognition of losses related to temporary closuresAnnual report

    「As part of efforts to prevent the spread of COVID-19, the Company temporarily closed stores and other facilities and shortened their operating hours in response to requests from the government and local authorities to suspend operations and declarations of a state of emergency. Accordingly, personnel expenses and other costs arising from these measures at stores and other facilities were recorded as extraordinary losses related to temporary closures.」

    The Company also recorded ¥4.753 million in losses related to temporary closures and other measures in the first quarter, and the accounting impact of store closures and shortened operating hours continued.
  9. FY2021-Q3Continued recognition of losses related to temporary closures and gains from rent waiversAnnual report

    「Gains from store rent waivers 81,008 Employment adjustment subsidies 74,709 Losses related to temporary closures and other measures 77,017」

    For the first nine months, the Company recorded ¥81.008 million in gains from store rent waivers, ¥74.709 million in employment adjustment subsidies and ¥77.017 million in losses related to temporary closures and other measures.
  10. FY2021-Q2Continued recognition of losses related to temporary closures and gains from rent waiversAnnual report

    「These were amounts of rent reductions granted by the commercial facilities in which the Company operates stores during the operating period as the spread of COVID-19 continued. As part of efforts to prevent the spread of COVID-19, the Company temporarily closed stores and other facilities and shortened their operating hours in response to requests from the government and local authorities to suspend operations and declarations of a state of emergency. Accordingly, costs, including personnel expenses and depreciation, and other losses arising from these measures at stores and other facilities were recorded as extraordinary losses related to temporary closures.」

    For the first six months, the Company recorded ¥81.008 million in gains from store rent waivers, ¥72.085 million in employment adjustment subsidies and ¥76.088 million in losses related to temporary closures and other measures.
  11. FY2021-Q1First statedAnnual report

    「These were amounts of rent reductions granted by the commercial facilities in which the Company operates stores during the operating period as the spread of COVID-19 continued. As part of efforts to prevent the spread of COVID-19, the Company temporarily closed stores and other facilities and shortened their operating hours in response to requests from the government and local authorities to suspend operations and declarations of a state of emergency. Accordingly, costs, including personnel expenses and depreciation, and other losses arising from these measures at stores and other facilities were recorded as extraordinary losses related to temporary closures.」

    In the first quarter, the Company recorded ¥81.008 million in gains from store rent waivers and ¥65.01 million in losses related to temporary closures and other measures. The impact of COVID-19-related closures was disclosed as extraordinary income and losses.
Moved together

"Enhancing profitability through business-format reform" moved the same way as this thread, in the same document, in 4 of its 11 moves.

444444★123456
  1. ★This thread
  2. 1Enhancing profitability through business-format reform4×
  3. 2Improving Gross Profit Margins through Merchandising and Logistics Reform4×
  4. 3Recovery in Same-Store Sales and Customer Traffic4×
  5. 4Second-Quarter Improvement in Operating Profit and Recovery Trend4×
  6. 5Reforming the Merchandise Mix by Moving Beyond Apparel and Strengthening Accessories and General Merchandise4×
  7. 6Experimental rollout of lifestyle shops4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Losses Related to Temporary Store Closures and Similar Matters and Gains from Store Rent Waivers | COX CO.,LTD. (9876) | Komori