Waiver of receivables from a consolidated subsidiary
Receivables held by the filing company, SHINTO Holdings,Inc., against its consolidated subsidiary 栄新商事株式会社
In connection with the transfer of 栄新商事 shares, 栄新商事 and Fukuda Takuya (福田卓也) presented the waiver of the receivables for contracted services as a condition for entering into the share transfer agreement.
¥66,877,800 (loss on waiver of receivables, scheduled to be recorded in the consolidated financial results for the third quarter of the fiscal year ending January 2027)
Consolidated financial results for the third quarter of the fiscal year ending January 2027
The impact on the Company's consolidated and non-consolidated results is currently under review. The Company plans to promptly disclose any revision if a revision to its earnings forecast becomes necessary.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
The Company holds 5,600 common shares of 栄新商事, representing a 50.9% ownership interest (reference date: not disclosed)
The receivables are scheduled to be waived on 29 October 2026, and a ¥66,877,800 loss on the waiver of receivables is scheduled to be recorded in the consolidated financial results for the third quarter of the fiscal year ending January 2027. The Company will promptly disclose any revision if a revision to its earnings forecast becomes necessary.
| Item | Details |
|---|---|
| Event name | Waiver of receivables from a consolidated subsidiary |
| Date of occurrence | 28 October 2026 (the Board of Directors resolved to waive the receivables; implementation scheduled for 29 October 2026) |
| Subject Entity | Receivables held by the filing company, SHINTO Holdings,Inc., against its consolidated subsidiary 栄新商事株式会社 |
| Cause | In connection with the transfer of 栄新商事 shares, 栄新商事 and Fukuda Takuya (福田卓也) presented the waiver of the receivables for contracted services as a condition for entering into the share transfer agreement. |
| Amount of Impact on Business Performance | ¥66,877,800 (loss on waiver of receivables, scheduled to be recorded in the consolidated financial results for the third quarter of the fiscal year ending January 2027) |
| Accounting period in which recognized | Consolidated financial results for the third quarter of the fiscal year ending January 2027 |
| Impact on Earnings Forecast | The impact on the Company's consolidated and non-consolidated results is currently under review. The Company plans to promptly disclose any revision if a revision to its earnings forecast becomes necessary. |
| Voting rights ownership percentage before the change | The Company holds 5,600 common shares of 栄新商事, representing a 50.9% ownership interest (reference date: not disclosed) |
| Outlook | The receivables are scheduled to be waived on 29 October 2026, and a ¥66,877,800 loss on the waiver of receivables is scheduled to be recorded in the consolidated financial results for the third quarter of the fiscal year ending January 2027. The Company will promptly disclose any revision if a revision to its earnings forecast becomes necessary. |
| Planned follow-up disclosure | The Company will promptly disclose any revision if a revision to its earnings forecast becomes necessary. |
Items this document does not state (15)
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.During discussions to transfer 栄新商事 shares to its Chairman, Fukuda Takuya (福田卓也), and dissolve the parent-subsidiary relationship, 栄新商事 and Mr. Fukuda presented the waiver of the receivables as a condition for entering into the share transfer agreement. The Company determined that accepting this condition was appropriate in order to dissolve the parent-subsidiary relationship.