extraordinary gain

Extraordinary Gain

Non-recurring, non-operating profit in a given fiscal year. Publicly-traded companies must include extraordinary gains (and extraordinary losses) on their annual and quarterly reports; they are usually explained separately so as not to detract from the companies' usual gains and losses. One of the most common extraordinary gains a company may report is the sale of a subsidiary or stake in another company for an amount greater than the asset value carried on the company's balance sheet.

extraordinary gain

Income from an unusual, infrequently occurring event or transaction. For example, a firm might sell a subsidiary at a price significantly higher than the value at which that subsidiary's assets are carried on the firm's balance sheet. An extraordinary gain is reported separately from regular income to emphasize the fact that it is nonrecurring.
References in periodicals archive ?
In conjunction with the sale of a portion of the NRI shares it owns, Nomura expects to book an extraordinary gain of approximately 151 billion yen in its FY2019/20 non-consolidated financial results.
ROAE in 4Q16 included ARS 98.4 million extraordinary gain from the termination of the Supervielle Renta Inmobiliaria Financial Trust.
Although the bank's net profit fell in 2014, this was off a high base as earnings in 2013 had been boosted by a substantial extraordinary gain from sale of ABQ.
Its net income surged 176 percent to P12.6 billion, including an extraordinary gain of P7.4 billion from the sale of marketable securities.
Panasonic had said it would book an extraordinary gain of JPY75bn from the sale.
Sequential momentum has deteriorated as, adjusted for seasonality and calendar effects, IP reversed about a third (-0.9%mom sa) of last month's extraordinary gain.
The Chinese market's extraordinary gain is partly attributed to the aggressive growth of market leader Nu Skin, which, fueled by the expansion of the number of its representatives in 2012, registered gains of more than 100% for its Galvanic Spa device.
Nevertheless, the weak performance in the hydroelectric section was in part compensated for by an extraordinary gain of USD 4 million, related to a retroactive adjustment on water rights of US hydroelectric power stations and improved results at the wind power segment.
Second, a mandatory classification occurs when an accounting standard specifically requires that an amount be reported as an extraordinary gain or loss, regardless of whether it meets the criteria in ASC 225-20.
HOYA said its earnings were also helped by an extraordinary gain of 10.34 million yen from transferring its hard disk glass media manufacturing operation and related assets to Western Digital Corp.
The termination of business with Deutsche Bank (ETR:DBK) resulted in an extraordinary gain of EUR 306.9 million.
said Thursday it is expecting a return to the black for the business year ended in February due to an extraordinary gain from changes to its pension payment system.

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