Japan Asia Investment Co., Ltd.
Notice Regarding Transfer of Fixed Assets in Fund of Consolidated Subsidiary and Recording of Special Loss
A distribution center held by a consolidated subsidiary's fund is scheduled to be transferred. As a result of the transfer, a special loss of approx. 7.7 hundred million yen is expected to be recorded in the consolidated financial statements for the second quarter of the fiscal year ending March 2027. Under the prior consolidation criteria, an allowance for investment loss of 5.2 hundred million yen is expected to be recorded; the company will review and disclose updated estimates in due course.
Key Figures
- Asset to be transferred: KIC Kasukabe Distribution Center 2 (Kasukabe City, Saitama Prefecture)
- Impairment loss: 7.7 hundred million yen
- Provision for investment loss in prior estimates: 5.2 hundred million yen
AI要約
Key Points on Business and Financial Impact
The fund under the Group has decided to transfer a distribution center it holds, and on the premise that the transfer will be executed, a special loss (impairment loss) of 7.7 hundred million yen is expected to be recorded in the consolidated financial statements for the second quarter of the fiscal year ending March 2027. Accordingly, under the prior estimates, an allowance for investment loss of 5.2 hundred million yen reflecting the write-down of the equity investment is expected to be recorded in consolidated cost of sales. The company will review the new estimates and disclose them.
Future Disclosures and Accounting Basis
The estimates under the prior consolidation criteria are currently under review and will be disclosed once finalized. The prior consolidation criteria indicate how the consolidation scope of specified investment partnerships is treated and are provided as reference information for investors.
Japan Asia Investment Co., Ltd.
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