Japan Asia Investment Co., Ltd.
Notice Regarding Recognition of Extraordinary Loss (Impairment Loss) Due to Decision to Transfer Fixed Assets
Due to a policy change to transfer fixed assets, an extraordinary loss (impairment loss) of 5.6 hundred million yen is expected to be recorded in the consolidated financial statements for the second quarter of the fiscal year ending March 2027. Prior estimate figures under the former consolidation standard are currently under review. Further timely disclosures may follow.
Key Figures
- Extraordinary Loss (Impairment Loss): 5.6 hundred million yen
- Timing: Second quarter of the fiscal year ending March 2027
- Subject: Fixed assets (Smart Agri Project - plant factory)
AI要約
Transfer Policy and Recognition of Impairment
The Group has shifted its policy for the plant factory held through a fund from long-term use to transfer, and will recognize an impairment loss. The carrying amount of the fixed assets will be reduced to the expected sales proceeds, and an extraordinary loss of 5.6 hundred million yen is expected to be recorded in the consolidated financial statements for the second quarter of the fiscal year ending March 2027.
Status and Impact of Prior Estimates under Former Consolidation Standard
Under the former consolidation standard, the prior estimate anticipated recording the 5.6 hundred million yen as investment equity included in consolidated cost of sales, and this is currently under review; a new estimate will be disclosed once determined. The former standard continues to disclose consolidated financial statements excluding investment equity.
Japan Asia Investment Co., Ltd.
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