(Change to Previously Disclosed Information) Changes to the Timing of Withdrawal from the Capacitor Business and Dissolution of Consolidated Subsidiaries, and Recognition of an Extraordinary Loss
神栄キャパシタ株式会社 and Shinyei Kaisha Electronics (M) SDN. BHD. (the filing company's consolidated subsidiaries)
Capacitor business (production and shipment of products)
Customers requested final orders accompanying the end of production that were significantly larger than expected, making it necessary to secure production and shipping capacity and adjust order volumes. In addition, it became necessary to respond to the extended period and provide additional severance payments to departing employees.
¥303 million (business restructuring loss, extraordinary loss)
First quarter of the fiscal year ending March 2027
A portion of the extraordinary loss has already been incorporated into the consolidated earnings forecast for the fiscal year ending March 2027 and will be a factor weighing to some extent on net income attributable to owners of the parent. The impact of postponing the withdrawal date will continue to be reviewed, and the forecast remains unchanged at this time. If it becomes necessary to revise the earnings forecast, the Company will disclose the revision promptly.
Company response
Production and shipment of capacitor products (the scheduled end date has been extended from the end of October 2026 to the end of March 2027)
A business restructuring loss was recorded in the first quarter of the fiscal year ending March 2027. The impact on earnings of postponing the withdrawal date will continue to be reviewed, and if it becomes necessary to revise the earnings forecast, including due to other factors, the Company will disclose the revision promptly.
If revisions to the earnings forecasts become necessary, the Company will promptly disclose them.
| Item | Details |
|---|---|
| Event name | (Change to Previously Disclosed Information) Changes to the Timing of Withdrawal from the Capacitor Business and Dissolution of Consolidated Subsidiaries, and Recognition of an Extraordinary Loss |
| Subject Entity | 神栄キャパシタ株式会社 and Shinyei Kaisha Electronics (M) SDN. BHD. (the filing company's consolidated subsidiaries) |
| Target Locations / Products | Capacitor business (production and shipment of products) |
| Cause | Customers requested final orders accompanying the end of production that were significantly larger than expected, making it necessary to secure production and shipping capacity and adjust order volumes. In addition, it became necessary to respond to the extended period and provide additional severance payments to departing employees. |
| Amount of Impact on Business Performance | ¥303 million (business restructuring loss, extraordinary loss) |
| Accounting period in which recognized | First quarter of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | A portion of the extraordinary loss has already been incorporated into the consolidated earnings forecast for the fiscal year ending March 2027 and will be a factor weighing to some extent on net income attributable to owners of the parent. The impact of postponing the withdrawal date will continue to be reviewed, and the forecast remains unchanged at this time. If it becomes necessary to revise the earnings forecast, the Company will disclose the revision promptly. |
| Suspended operations | Production and shipment of capacitor products (the scheduled end date has been extended from the end of October 2026 to the end of March 2027) |
| Outlook | A business restructuring loss was recorded in the first quarter of the fiscal year ending March 2027. The impact on earnings of postponing the withdrawal date will continue to be reviewed, and if it becomes necessary to revise the earnings forecast, including due to other factors, the Company will disclose the revision promptly. |
| Planned follow-up disclosure | If revisions to the earnings forecasts become necessary, the Company will promptly disclose them. |
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.Customers requested final orders before the end of production that were significantly larger than expected, making it necessary to secure production and shipping capacity and adjust order volumes. In addition, the Company determined that it was necessary to retain employees to support the extended period and provide additional severance payments to employees who will be forced to leave following the withdrawal from the business.