ES-CON JAPAN Ltd.
Notice Regarding Recognition of Investment Loss under Equity Method (Non-operating Expense)
In the consolidated financial results for the fiscal year ending March 2026, an investment loss of 3,829 million yen was recorded as a non-operating expense due to an impairment loss on equity-method affiliated company TCF.
Key Figures
- Investment Loss under Equity Method: 3,829 million yen (recorded as non-operating expense)
- Target Company: TSUNAGU Community Farm LLC (TCF)
- Announcement Date: 2026-04-24
AI要約
Regarding Recognition of Investment Loss under Equity Method
ESCON Co., Ltd. recorded an impairment loss in the consolidated financial statements for the fiscal year ending March 2026, due to a decline in shipment volume below initial plans at the automated plant factory operated by its equity-method affiliate, TSUNAGU Community Farm LLC (TCF). Consequently, recoverable amount based on future cash flows was reassessed, resulting in recording an impairment loss. As a result, an investment loss under the equity method of 3,829 million yen related to TCF has been recorded as a non-operating expense.
Impact on Business Performance
This investment loss is reflected in the ‘Financial Summary for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)’ announced on the same day. Specific performance figures should be referred to in the financial summary; however, the recording of the investment loss has increased non-operating expenses, causing a certain negative impact on consolidated results.
ESCON Co., Ltd.
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