Japan Engine Corporation
Notice Regarding Recording of Extraordinary Income (Subsidy Income) and Extraordinary Loss (Fixed Asset Impairment Loss)
Recorded extraordinary income of 690,432 thousand yen (subsidy income) and extraordinary loss of 675,580 thousand yen (fixed asset impairment loss) in the third quarter of the fiscal year ending March 2026.
Key Figures
- Extraordinary Income (Subsidy Income): 690,432 thousand yen
- Extraordinary Loss (Fixed Asset Impairment Loss): 675,580 thousand yen
- Impact on Earnings Guidance: Incorporated
AI要約
Details of Extraordinary Income and Extraordinary Loss
In the third quarter financial results for the fiscal year ending March 2026, as part of the New Energy and Industrial Technology Development Organization (NEDO) Green Innovation Fund Project 'Next Generation Ship Development Project,' Japan Engine Corporation participated in the development of ammonia fuel domestic engine-equipped vessels. The company carried out acquisition of equipment related to ammonia-fueled engine manufacturing and recorded a subsidy income of 690,432 thousand yen as extraordinary income. Simultaneously, the company recorded a fixed asset impairment loss of 675,580 thousand yen as extraordinary loss using the direct reduction method.
Impact on Financial Performance
These extraordinary income and loss items have already been incorporated into the earnings guidance announced today, and no revision to the earnings forecast has been made. Thus, the subsidy income and fixed asset impairment loss related to the equipment acquisition are reflected in the financial results.
