Sumitomo Osaka Cement Co., Ltd.
Notice Regarding Recognition of Extraordinary Loss
Sumitomo Osaka Cement has recognized an extraordinary loss of 2,905 million yen as impairment loss in the third quarter financial results for the fiscal year ending March 2026 due to the abolition of the Ako Plant Ako Power Station.
Key Figures
- Extraordinary Loss Amount: 2,905 million yen
- Power Station Abolition Date: March 2026
- Impact on Earnings Guidance: Already factored in
AI要約
Regarding the Recognition of Extraordinary Loss
Sumitomo Osaka Cement Co., Ltd. has been operating the Ako Plant Ako Power Station as a coal-fired thermal power plant; however, taking into account the start of the Emissions Trading System (GX-ETS), the Board of Directors resolved to abolish this power station by March 2026. Consequently, an extraordinary loss of 2,905 million yen related to impairment of fixed assets associated with the power station will be recognized in the third quarter financial results for the fiscal year ending March 2026.
Impact on Business Results and Future Outlook
This extraordinary loss has already been factored into the full-year earnings guidance for the fiscal year ending March 2026, announced on November 11, 2025, with no revisions to the earnings forecast. While the impairment of fixed assets due to the power station’s abolition will have a temporary impact on business results, it is expected to contribute to responding to future environmental regulations and reviewing the business structure.
