Recognition of an Extraordinary Loss Due to Impairment
Veritas In Silico, Inc. (the Company)
Tangible fixed assets acquired by the Company in the first quarter
Following a review of the future recoverability of the fixed assets held, in accordance with the Accounting Standard for Impairment of Fixed Assets
¥135.520 million (extraordinary loss: impairment loss)
The first-quarter accounting period of the fiscal year ending December 2026
The earnings forecast for the fiscal year ending December 2026 will remain unchanged.
From the second quarter onward, the Company may be able to make up the shortfall through business revenue and other income expected to be generated during fiscal 2026. Although the carrying amounts of the tangible and intangible fixed assets held by the Company will decline, the impact on the assets as a whole is expected to remain limited.
The company will promptly disclose any matters that should be disclosed in the future.
| Item | Details |
|---|---|
| Event name | Recognition of an Extraordinary Loss Due to Impairment |
| Subject Entity | Veritas In Silico, Inc. (the Company) |
| Target Locations / Products | Tangible fixed assets acquired by the Company in the first quarter |
| Cause | Following a review of the future recoverability of the fixed assets held, in accordance with the Accounting Standard for Impairment of Fixed Assets |
| Amount of Impact on Business Performance | ¥135.520 million (extraordinary loss: impairment loss) |
| Accounting period in which recognized | The first-quarter accounting period of the fiscal year ending December 2026 |
| Impact on Earnings Forecast | The earnings forecast for the fiscal year ending December 2026 will remain unchanged. |
| Outlook | From the second quarter onward, the Company may be able to make up the shortfall through business revenue and other income expected to be generated during fiscal 2026. Although the carrying amounts of the tangible and intangible fixed assets held by the Company will decline, the impact on the assets as a whole is expected to remain limited. |
| Planned follow-up disclosure | The company will promptly disclose any matters that should be disclosed in the future. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As a result of examining future recoverability in accordance with the Accounting Standard for Impairment of Fixed Assets, the Company decided to recognize an impairment loss.