Sanyo Trading Co., Ltd.
Notice Regarding Recognition of Extraordinary Loss and Differences Between Full-Year Consolidated Forecasts and Actual Results for the Fiscal Year Ending September 2026
An extraordinary loss was recorded in the full-year consolidated results for the fiscal year ending September 2026. An extraordinary loss of 618 million yen was recognized due to misappropriation of funds by a former employee of Sanyo Corporation of America. The difference between the full-year forecast and actual results resulted in a downside for Net Income Attributable to Owners of Parent. There was an early-executed stock split effect (2-for-1 common stock split).
Key Figures
- Net Sales: 144,590 million yen
- Operating Income: 7,744 million yen
- Net Income Attributable to Owners of Parent: 5,702 million yen
AI要約
Overview of Performance
Differences arose between the full-year consolidated forecast and the actual results for the fiscal year ending September 2026. Net sales were 144,590 million yen, and alignment with the previous forecast was generally maintained; however, due to the recognition of an extraordinary loss, Net Income Attributable to Owners of Parent fell short of the previous forecast. The extraordinary loss was primarily recorded due to misappropriation of funds at Sanyo Corporation of America and unauthorized cash withdrawals at Sanyo Kikai Kogyo Co., Ltd. A stock split has been implemented, and its effect is reflected in net income per share. For details, refer to the Financial Summary.
Causes of the Extraordinary Loss and Outlook
The extraordinary loss totaled 618 million yen, comprising 614 million yen relating to Sanyo Corporation of America and an additional 4 million yen of fraudulent disbursements at Sanyo Kikai Kogyo Co., Ltd. As a result, full-year net income is expected to be below prior assumptions. Please refer to the Financial Summary released today for the future performance outlook.
Sanyo Trading Co., Ltd.
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