Recognition of an Extraordinary Loss (Impairment Loss) and Differences Between Consolidated Earnings Forecasts and Actual Results
TOA ROAD CORPORATION (the Company)
Fixed assets held by the construction business and manufacturing and sales business in certain regions
Expected decline in profitability. The differences in results were attributable to insufficient progress in the construction business, lower straight asphalt prices, higher material costs and labor expenses, reduced shipment volumes, and the recognition of an impairment loss, among other factors.
Impairment loss of ¥681 million (extraordinary loss). Differences from the earnings forecasts were: net sales, down ¥5,672 million; operating profit, down ¥711 million; ordinary profit, down ¥602 million; and profit attributable to owners of parent, down ¥673 million.
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
Differences arose between the consolidated earnings forecasts announced on 9 May 2025 and the actual results. Actual results were net sales of ¥121,327 million, operating profit of ¥5,788 million, ordinary profit of ¥5,997 million, and profit attributable to owners of parent of ¥3,426 million. The outlook is described in the Consolidated Financial Results for the Fiscal Year Ending March 2026, announced today.
The outlook is as stated in the “Consolidated Financial Results for the Fiscal Year Ending March 2026 under Japanese GAAP,” announced today.
| Item | Details |
|---|---|
| Event name | Recognition of an Extraordinary Loss (Impairment Loss) and Differences Between Consolidated Earnings Forecasts and Actual Results |
| Subject Entity | TOA ROAD CORPORATION (the Company) |
| Target Locations / Products | Fixed assets held by the construction business and manufacturing and sales business in certain regions |
| Cause | Expected decline in profitability. The differences in results were attributable to insufficient progress in the construction business, lower straight asphalt prices, higher material costs and labor expenses, reduced shipment volumes, and the recognition of an impairment loss, among other factors. |
| Amount of Impact on Business Performance | Impairment loss of ¥681 million (extraordinary loss). Differences from the earnings forecasts were: net sales, down ¥5,672 million; operating profit, down ¥711 million; ordinary profit, down ¥602 million; and profit attributable to owners of parent, down ¥673 million. |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | Differences arose between the consolidated earnings forecasts announced on 9 May 2025 and the actual results. Actual results were net sales of ¥121,327 million, operating profit of ¥5,788 million, ordinary profit of ¥5,997 million, and profit attributable to owners of parent of ¥3,426 million. The outlook is described in the Consolidated Financial Results for the Fiscal Year Ending March 2026, announced today. |
| Outlook | The outlook is as stated in the “Consolidated Financial Results for the Fiscal Year Ending March 2026 under Japanese GAAP,” announced today. |
Items this document does not state (17)
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.The fixed assets held by the construction business and manufacturing and sales business in certain regions are expected to experience declining profitability. The differences from the earnings forecasts were attributable to insufficient progress in the construction business, lower straight asphalt prices, higher material costs and labor expenses, reduced shipment volumes in the manufacturing and sales business and environmental business, and the recognition of an impairment loss in the current fiscal year.