Sintokogio,Ltd.
Notice on Recording of Impairment Loss on Goodwill and Others (Special Loss) and Revision of Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 2026
Revised net income attributable to owners of parent for the fiscal year ending March 2026 from JPY 3,000 million to a loss of JPY 17,000 million, with a plan to record an impairment loss of JPY 20 billion as a special loss.
Key Figures
- Amount of Impairment Loss Recorded: JPY 20 billion (Special Loss)
- Net Income Attributable to Owners of Parent Forecast: Loss of JPY 17,000 million (previously JPY 3,000 million)
- Net Sales Forecast: JPY 180,000 million (Year-over-Year +19.7%)
AI要約
Regarding the Recording of Impairment Loss
Due to the deteriorating performance of the European subsidiary Elastikos S.A.S., which became a consolidated subsidiary in April 2024, Shinto Industry plans to record an impairment loss of JPY 20 billion on goodwill and fixed assets as a special loss. This is mainly attributable to the sluggish European economy and intensified competition leading to lower-than-expected performance, but there is no direct impact on cash flow.
Details and Reasons for Revision of Full-Year Consolidated Earnings Forecast
Forecasts for net sales, operating income, and ordinary income for the fiscal year ending March 2026 remain unchanged from the previous announcement. However, net income attributable to owners of parent is revised downward from a profit forecast of JPY 3,000 million to a loss forecast of JPY 17,000 million due to the recording of special losses. For the fiscal year ending March 2027, recovery to profitability is expected following the resolution of these one-time factors.
Shinto Industry Co., Ltd.
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