Osaki Electric Co., Ltd.
Notice Regarding Recording of Special Loss (Business Withdrawal Loss)
In the third quarter of the fiscal year ending March 2026, a special loss of 2,040 million yen will be recorded due to business withdrawal from the Middle East and Africa regions in the overseas measurement and control business.
Key Figures
- Special Loss (Business Withdrawal Loss): 2,040 million yen (planned to be recorded in Q3 FY March 2026)
- Inventory Valuation Loss: 1,962 million yen
- Impairment Loss: 46 million yen
AI要約
Details of the Special Loss
Osaki Electric Co., Ltd. is advancing structural reforms through its wholly-owned subsidiary EDMI Limited to improve profitability of its overseas measurement and control business. This time, it has decided to withdraw from the Middle East and Africa regions by the end of fiscal 2025, and plans to record a total special loss of 2,040 million yen including inventory valuation loss of 1,962 million yen, impairment loss of 46 million yen, and provision for doubtful accounts of 31 million yen in the consolidated financial results for the third quarter of the fiscal year ending March 2026. The Middle East and Africa business has recorded operating losses for three consecutive years and is judged unlikely to return to profitability.
Outlook
The recording of this special loss will be reflected in the consolidated financial results for the third quarter of the fiscal year ending March 2026; however, there is no change in the full-year consolidated earnings guidance disclosed on May 12, 2025. After withdrawal, the overseas measurement and control business segment will consist of three regions: Oceania, Europe, and Asia.
