Advance Create Co., Ltd.
Notice regarding Recording of Extraordinary Losses
Following the investigation into inappropriate accounting practices such as past advertising transactions, and after receiving the report from a outside third-party committee, the company plans to record extraordinary losses in the third quarter of the Fiscal Year Ending September 2026. Extraordinary losses include investigative costs of 274,537 thousand yen and past-year adjustment costs of 3,526 thousand yen. Additionally, impairment losses of 205,978 thousand yen and other items are planned to be recorded as extraordinary losses.
Key Figures
- Extraordinary investigative costs: 274,537 千円
- Costs related to past-year corrections: 3,526 千円
- Impairment losses: 205,978 千円
- Provision for loss on guarantee: 23,018 千円
- Lease termination losses: 22,167 千円
- Lease cancellation losses: 4,032 千円
AI要約
Impact on earnings and background
This disclosure relates to the recording of extraordinary losses following the third-party committee's investigation report into past inappropriate accounting practices such as advertising transactions and capitalization of software assets, and the consequent restatement of past-year figures. In the third quarter of the Fiscal Year ending September 2026, the company plans to record investigation-related costs and past-year correction costs as extraordinary losses, and additional impairment, allowance provisions, and termination losses are also expected to be recorded as extraordinary losses.
Outlook and the position of this disclosure
The relevant costs have been reflected in the financial results for the Fiscal Year ending September 2026 or will be reflected, and the impact on performance is expected to be treated as extraordinary losses. The amounts are currently under review, and caution is required regarding future confirmed figures.
Advanced Create Co., Ltd.
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