Now moving on to the reasons for the changes in extraordinary gains and losses.
Extraordinary gains of 4.4 billion yen were generated by approximately 1.0 billion yen in profits gained from the sale of land owned by domestic dealers (Gain on sale of property, plant and equipment), a 1.4 billion gain on sale of investment securities in response to Makita Corporation’s friendly takeover bid of Fuji Robin Industries Ltd. and 1.6 billion yen in the carryback of losses incurred by SIA during the previous period (prior period adjustment).
Extraordinary losses of 2.8 billion yen occurred as a result of an impairment loss on property, plant and equipment of 1.6 billion yen by domestic dealers and a 1.2 billion yen loss on sales and disposal of property, plant and equipment.
|