DyDo Group Holdings, Inc.
Announcement on the Recognition of Extraordinary Expenses (Loss on Net Monetary Position)
In connection with the Turkey operations, a loss related to net monetary position of 2,466 million yen has been recognized. This is an accounting adjustment based on the application of IAS 29 and is recorded as an extraordinary expense for the interim period of the second quarter of the fiscal year ending January 2027.
Key Figures
- Extraordinary expenses (loss on net monetary position): 2,466 million yen
- Period: Interim consolidated accounting period for the second quarter of the fiscal year ending January 2027
- Region: Turkey
AI要約
Section Heading
Today, during the consolidated accounting period for the second quarter (interim) of the fiscal year ending January 2027, we recognized an extraordinary expense (loss on net monetary position) due to the depreciation of monetary assets and liabilities stemming from inflation in the Turkish market. Considering that the cumulative inflation over three years has exceeded 100%, we have adjusted the Group's accounting treatment in accordance with the requirements of IAS 29.
Second Section Heading
The occurrence of this loss was mainly due to an increase in monetary assets such as cash, deposits, and receivables at the Turkish subsidiaries, surpassing monetary liabilities. The loss is reflected in the interim financial statements for the second quarter of the fiscal year ending January 2027 (Japanese standards) that were disclosed today; for its impact on future performance, please refer to the financial statements.
DyDo Group Holdings, Inc.
Company overview · Stock price · Financial data · All IR
