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Innotech (9880) · FactFirst stated

Recognition of Provision for Loss on Orders

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

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Release of the Provision for Losses on Contracts Expected to Incur LossesA theme 148 companies write about · 147 as a headwind · 1 as a tailwind

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  1. FY2021-Q1First statedAnnual report

    「To provide for future losses associated with customer contracts, the company recognises as an allowance for contract losses the estimated losses expected to arise after the end of the first quarter of the current fiscal year for contracts for which future losses were expected as of the end of that quarter and could be reasonably estimated.」

    The company has recognised an allowance for contract losses for customer contracts for which future losses are expected and can be reasonably estimated. The balance at the quarter-end was ¥21 million.
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Recognition of Provision for Loss on Orders | INNOTECH CORPORATION (9880) | Komori