Kan-Nanmaru Corporation
Notice Regarding Recognition of Non-operating Income (Insurance Surrender Value)
The company recognized 14 hundred million yen in surrender value from the cancellation of life insurance as non-operating income. The impact on results is uncertain, and the company is considering whether to revise its earnings guidance.
Key Figures
- value: 14 hundred million yen
AI要約
Key points
Based on a resolution of the Board of Directors, the Company cancelled a life insurance contract and recognized 14 hundred million yen—the book value difference between the surrender value and the insurance reserve—as non-operating income. This aims to strengthen the financial position and improve cash flows. The recognition has been reflected in the first quarter financial results.
Future impact and disclosure policy
The recognition of non-operating income may have a certain impact on performance; the Company is examining future business conditions and other performance trends, and will promptly announce any necessary revisions to earnings guidance.
Kan-Nanmaru Corporation
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