Valuence Holdings Inc.
Notice Regarding the Recognition of Extraordinary Loss (Impairment Loss)
Due to delays in monetizing the automotive business, the carrying amounts of fixed assets related to the automotive business were written down, and 311 million yen was recognized as an extraordinary loss. Sales progress of TWISTED vehicles is on a recovery trend, and integrated services are being advanced at locations with showrooms. Reflected in the financial summary.
Key Figures
- Extraordinary Loss (Impairment Loss): 311 million yen
- Affected Business: Automotive business (fixed assets)
- Period: Fiscal Q4 for the fiscal year ending August 2026 (2026-06-01～2026-08-31)
AI要約
Occurrence and Reason for the Extraordinary Loss
Our Group expanded its automotive business as part of the reuse business; however, responding to emission testing and other requirements associated with the domestic rollout of TWISTED vehicles took longer than expected, significantly delaying the start of vehicle sales and the monetization of maintenance and service operations. As a result, we reassessed the recoverability of fixed assets in the automotive business and wrote down the carrying amounts to their recoverable amounts. This was recorded as an extraordinary loss of 311 million yen. Going forward, we will strengthen an integrated sales and maintenance system to stabilize the revenue base.
Impact on Future Performance and Outlook
This matter has impacted recent results and is reflected in the financial summary for the fiscal year ending August 2026 (Japanese GAAP). Sales of TWISTED vehicles have begun to progress, and construction of an integrated system at Valuence AUTOMOTIVE YOKOHAMA is underway. We will continue efforts to strengthen the profitability of the automotive business by creating synergies using the customer base of the reuse business.
Valuence Holdings Inc.
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