The document this correction applies to
Timely disclosureWhat was corrected and how
A subsequent correction by the company to the contents of an already published filing.
Notice Regarding Enforcement of Security Interests Against the Parent Company and Change in a Subsidiary (Change from an Equity-Method Affiliate to a Consolidated Subsidiary), Notice Regarding a Change in Subsidiary Status Following the Sale of Shares in a Subsidiary
Open the original documentIn the disclosures dated 26 June and 21 July, the statements that the 4 companies concerned became consolidated subsidiaries of the Company and subsequently ceased to be consolidated subsidiaries
The 4 companies concerned became consolidated subsidiaries of the Company and subsequently ceased to be consolidated subsidiaries
For accounting purposes as described above, the 4 companies concerned will be treated as if they had never qualified as consolidated subsidiaries of the Company
A 100% allowance for doubtful accounts will be recorded against the loan to 昭和ホールディングス (¥388 million), the related interest income, and related receivables. Details have not been finalized at this time, and any matters requiring disclosure will be reported separately as they arise.
It was determined that significant legal uncertainty existed regarding the rights associated with the acquisition and sale of shares in the 4 companies concerned. The accounting treatment was changed following discussions with the auditing firm.
| Item | Details |
|---|---|
| Disclosure subject to correction | Notice Regarding Enforcement of Security Interests Against the Parent Company and Change in a Subsidiary (Change from an Equity-Method Affiliate to a Consolidated Subsidiary), Notice Regarding a Change in Subsidiary Status Following the Sale of Shares in a Subsidiary |
| Original disclosure date | 26 June 2026, 21 July 2026 |
| Location of correction | In the disclosures dated 26 June and 21 July, the statements that the 4 companies concerned became consolidated subsidiaries of the Company and subsequently ceased to be consolidated subsidiaries |
| Details of correction | The 4 companies concerned became consolidated subsidiaries of the Company and subsequently ceased to be consolidated subsidiaries → For accounting purposes as described above, the 4 companies concerned will be treated as if they had never qualified as consolidated subsidiaries of the Company |
| Reason for correction | It was determined that significant legal uncertainty existed regarding the rights associated with the acquisition and sale of shares in the 4 companies concerned. The accounting treatment was changed following discussions with the auditing firm. |
| Impact on Business Performance | A 100% allowance for doubtful accounts will be recorded against the loan to 昭和ホールディングス (¥388 million), the related interest income, and related receivables. Details have not been finalized at this time, and any matters requiring disclosure will be reported separately as they arise. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.It was determined that significant legal uncertainty existed regarding the rights associated with the acquisition and sale of shares in the 4 companies concerned. Following discussions with the auditing firm in light of 昭和ホールディングス' claims, including that the creation of the revolving pledge was invalid, the provisional disposition order prohibiting the disposal of shares and other assets, the petition for commencement of corporate reorganization proceedings, and the preservation management order, the accounting treatment was changed.