JAFCO Group Co., Ltd.
Notice Regarding Transition to Non-Consolidated Financial Statements
Transition from consolidated to non-consolidated financial statements starting Q3 of the fiscal year ending March 2026. Dividend forecast remains unchanged at ¥133 per year. Earnings guidance will be undisclosed while continuing timely financial reporting.
Key Figures
- Annual Dividend Amount: ¥133 (No change in dividend forecast)
- Total Special Gains and Losses to be Recorded before Income Taxes Adjustment: Approximately ¥2.6 billion
- DOE (Dividend on Equity Indicator): 6%
AI要約
Regarding the Transition from Consolidated to Non-Consolidated Financial Statements
The Company will transition from consolidated financial statements to non-consolidated (individual) financial statements starting from Q3 of the fiscal year ending March 2026. This is due to the completion of the transfer of all shares of consolidated subsidiaries JAFCO Investment (Asia Pacific) Ltd (JIAP) and JAFCO America Ventures Inc. (Icon), effectively eliminating consolidated subsidiaries. The remaining consolidated subsidiary, JAFCO Consulting Co., Ltd. (JCC), is small in scale and immaterial, leading to its exclusion from the consolidation scope.
Regarding Dividend Forecast and Earnings Guidance
The dividend forecast remains unchanged at an annual minimum of ¥133, calculated based on the standalone shareholders’ equity at the prior fiscal year-end of ¥132.18. The fiscal year-end dividend is based on either a DOE of 6% or 50% of net income, whichever is greater, minus the interim dividend of ¥66.50. Earnings guidance will not be disclosed post-transition to non-consolidated financial statements due to significant revenue volatility making reasonable forecasting difficult. The Company will continue to promptly disclose quarterly and semi-annual/full-year financial results.
Regarding Changes in Accounting Treatment
Accounting treatment for fund investment interests managed by the transferred subsidiaries will change. Fund investment interests of JIAP will be accounted for by the net method as investment securities from the beginning of Q3 of the fiscal year ending March 2026, and those of Icon will be accounted for similarly starting from the end of Q3, with gains and losses recorded as non-operating income and expenses.
