Dai Nippon Toryo Company, Limited
Notice of Completion of Transfer of Equity in Consolidated Subsidiary and Recognition of Extraordinary Income
The transfer of equity in a specified subsidiary has been completed and the subsidiary is expected to be excluded from the consolidated scope. Accordingly, a gain on sale of equity-method investment of approx. 410 million yen is expected to be recorded as extraordinary income. See the forthcoming earnings revision notice for future impacts.
Key Figures
- Gain on sale of equity-method investment: approx. 410 million yen
- Timing of exclusion from consolidated scope: End of interim consolidated accounting period for the fiscal year ending March 2027
AI要約
Overview of the Announcement
This announcement reports that the transfer of equity in our consolidated subsidiary, Diente Coatings (Zhejiang) Co., Ltd., has been completed and that the accounting treatment to exclude the subsidiary from the consolidated scope as of the interim period of the fiscal year ending March 2027 has been confirmed. In connection with this, due to the reversal of foreign currency translation adjustments and other factors, a gain on sale of equity-method investment of approximately 410 million yen is expected to be recorded as extraordinary income. Refer to the separately announced earnings guidance revision for future impacts.
Future Impact and Timing
The impact of this matter on the consolidated results for the fiscal year ending March 2027 is described in the currently published earnings guidance revision notice. The transfer procedures and exclusion accounting are expected to be implemented around the interim period of the fiscal year ending March 2027.
Dai Nippon Toryo Company, Limited
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