The company recorded a reversal of allowance for doubtful accounts of 49.761 million yen due to improved financial condition of a consolidated subsidiary, while simultaneously recording a new provision of 83.310 million yen for receivables from toy sales subsidiary. The net impact on consolidated results is nil due to intercompany elimination.
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Summary
The company recorded a reversal of allowance for doubtful accounts of 49.761 million yen due to improved financial condition of a consolidated subsidiary, while simultaneously recording a new provision of 83.310 million yen for receivables from toy sales subsidiary. The net impact on consolidated results is nil due to intercompany elimination.