Recognition of extraordinary losses (public tender offer-related expenses and impairment losses on fixed assets, including goodwill)
SUNNY SIDE UP GROUP Inc. (consolidated subsidiaries: ビルコム株式会社 and SUNNY SIDE UP KOREA, INC)
ビルコム株式会社, the stores of SUNNY SIDE UP KOREA, INC, and the public tender offer for the Company's shares and other securities
Advisory fees related to the public tender offer and expenses related to contract transfer procedures arising from the change in the parent company. A review of the future business plan of ビルコム株式会社 and an assessment of the recoverability of its fixed assets, as well as an assessment of the recoverability of fixed assets related to the stores of SUNNY SIDE UP KOREA, INC. In the non-consolidated financial results, valuation losses on shares of a subsidiary were recognized in light of the progress of ビルコム株式会社's operating performance.
Consolidated: ¥635 million in public tender offer-related expenses (extraordinary loss) and ¥1,425 million in impairment losses (extraordinary loss). Non-consolidated: ¥99 million in public tender offer-related expenses (extraordinary loss) and ¥1,326 million in valuation losses on shares of a subsidiary (extraordinary loss). The valuation losses on shares of the subsidiary are eliminated in the consolidated financial statements and have no impact on consolidated financial results.
Fiscal year ending June 2026
Related procedures
Public tender offer and contract transfer procedures
| Item | Details |
|---|---|
| Event name | Recognition of extraordinary losses (public tender offer-related expenses and impairment losses on fixed assets, including goodwill) |
| Subject Entity | SUNNY SIDE UP GROUP Inc. (consolidated subsidiaries: ビルコム株式会社 and SUNNY SIDE UP KOREA, INC) |
| Target Locations / Products | ビルコム株式会社, the stores of SUNNY SIDE UP KOREA, INC, and the public tender offer for the Company's shares and other securities |
| Cause | Advisory fees related to the public tender offer and expenses related to contract transfer procedures arising from the change in the parent company. A review of the future business plan of ビルコム株式会社 and an assessment of the recoverability of its fixed assets, as well as an assessment of the recoverability of fixed assets related to the stores of SUNNY SIDE UP KOREA, INC. In the non-consolidated financial results, valuation losses on shares of a subsidiary were recognized in light of the progress of ビルコム株式会社's operating performance. |
| Amount of Impact on Business Performance | Consolidated: ¥635 million in public tender offer-related expenses (extraordinary loss) and ¥1,425 million in impairment losses (extraordinary loss). Non-consolidated: ¥99 million in public tender offer-related expenses (extraordinary loss) and ¥1,326 million in valuation losses on shares of a subsidiary (extraordinary loss). The valuation losses on shares of the subsidiary are eliminated in the consolidated financial statements and have no impact on consolidated financial results. |
| Accounting period in which recognized | Fiscal year ending June 2026 |
| Type of litigation or proceeding | Public tender offer and contract transfer procedures |
Items this document does not state (18)
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.Advisory fees and expenses related to contract transfer procedures were incurred in connection with the public tender offer. In addition, impairment losses were recognized following a review of the future business plan of ビルコム株式会社 and an assessment of the recoverability of its fixed assets, as well as an assessment of the recoverability of fixed assets related to the stores of SUNNY SIDE UP KOREA, INC.