Tokyo Century Corporation
Notice Regarding Recognition of Impairment Loss
In the fiscal year ending March 2026, an impairment loss of 70.1 billion yen is expected to be recorded on fixed assets of the biomass co-firing power generation business. Additionally, a provision for doubtful accounts of 60 billion yen is planned to be recorded in the individual performance.
Key Figures
- Impairment Loss Recorded: 70.1 billion yen (Fixed assets of biomass co-firing power generation business)
- Provision for Doubtful Accounts: 60 billion yen (Expected to be recorded in individual performance)
- Net Income Forecast: 100 billion yen (No change from forecast announced on November 7, 2025)
AI要約
Regarding Recognition of Impairment Loss
Tokyo Century Corporation announced that as a result of the profitability assessment for the biomass co-firing power generation business, it expects to reduce the book value of fixed assets to their recoverable amount and record an impairment loss of 70.1 billion yen as an extraordinary loss in the fiscal year ending March 2026. Additionally, a provision for doubtful accounts of 60 billion yen is planned to be recorded in the individual performance. These actions are based on a reassessment of the business environment.
Impact on Performance
Although the recognition of losses will exceed the risk buffer in the fiscal year ending March 2026, due to recording gains on asset sales in various segments, the results are exceeding initial plans. Therefore, no change has been made to the net income attributable to owners of parent forecast of 100 billion yen announced on November 7, 2025.
