badgenome on 08 August 2013
| Akvod said: That's not the definition of Extraordinary Loss in US GAAP. Dunno about JP GAAP, but your definition is probably wrong. "non-recurring"? I'm sure that at least 1 game is canceled a year for companies. |
Well, the report says:
In response to the latest environmental changes in the game industry, the Company has implemented a change in its development policy, and conducted a comprehensive review on work-in-progress game titles for the three-month period ended June 30, 2013. As a result, the Company has decided to book a loss on evaluation of content (approximately ¥1.6 billion) as an extraordinary loss.
So my definition is probably right. Either way, they did it.
