Recognition of Non-Operating Expenses (Loss on Net Monetary Position)
Subsidiary based in Turkey (subsidiary name: Not disclosed)
Turkey
As Turkey's cumulative inflation rate over three years exceeded 100% and it became subject to the application of IAS 29, monetary assets such as cash and deposits and trade receivables increased on the back of strong performance and significantly exceeded monetary liabilities.
¥2,466 million (non-operating expenses)
Consolidated accounting period for the second quarter (interim period) of the fiscal year ending January 2027 (21 January 2026 to 20 July 2026)
Reflected in the Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending January 2027 [Japanese GAAP] (Consolidated), released today.
| Item | Details |
|---|---|
| Event name | Recognition of Non-Operating Expenses (Loss on Net Monetary Position) |
| Date of occurrence | 21 January 2026 to 20 July 2026 (consolidated accounting period for the second quarter (interim period) of the fiscal year ending January 2027) |
| Subject Entity | Subsidiary based in Turkey (subsidiary name: Not disclosed) |
| Target Locations / Products | Turkey |
| Cause | As Turkey's cumulative inflation rate over three years exceeded 100% and it became subject to the application of IAS 29, monetary assets such as cash and deposits and trade receivables increased on the back of strong performance and significantly exceeded monetary liabilities. |
| Amount of Impact on Business Performance | ¥2,466 million (non-operating expenses) |
| Accounting period in which recognized | Consolidated accounting period for the second quarter (interim period) of the fiscal year ending January 2027 (21 January 2026 to 20 July 2026) |
| Impact on Earnings Forecast | Reflected in the Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending January 2027 [Japanese GAAP] (Consolidated), released 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.As Turkey's cumulative inflation rate over three years exceeded 100% and IAS 29 was being applied, monetary assets such as cash and deposits and trade receivables increased on the back of the subsidiary's strong performance and significantly exceeded its monetary liabilities.