Toray Industries, Inc.
Notice Regarding Recognition of Impairment Loss
Toray expects to record an impairment loss of 25 billion yen in the battery separator film business of its South Korean subsidiary for the cumulative third quarter of the fiscal year ending March 2026.
Key Figures
- Impairment Loss Amount: 25 billion yen (Cumulative third quarter of fiscal year ending March 2026)
- Affected Business: Battery separator film business of South Korean subsidiary
- Date of Announcement: February 5, 2026
AI要約
Regarding the Recognition of Impairment Loss
Toray Industries, Inc. announced that for the cumulative third quarter of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), it expects to record an impairment loss of 25 billion yen related to the battery separator film business of its South Korean subsidiary. This follows a review of the recoverability of fixed assets due to decreased profitability amid a sluggish EV market.
Outlook and Earnings Guidance
The consolidated earnings forecast for the full fiscal year ending March 2026 is currently under review and is scheduled to be disclosed at the third quarter financial results announcement on February 10. Details on the impact on full-year earnings remain unknown at this time.
