Recognition of a Provision for Doubtful Accounts and an Impairment Loss on Shares of an Affiliated Company (Non-Consolidated)
Eternal Hospitality Group Co.,Ltd. (non-consolidated financial statements); consolidated subsidiary Torikizoku Shanghai Co.,Ltd. (TK-SH)
Deterioration in TK-SH's financial condition and other factors. In addition, TK-SH has not achieved profitability as of the present time, its losses ahead of turning profitable have continued, and a decline in the real value of the shares was recognized.
Provision for doubtful accounts of ¥234 million (non-operating expense); impairment loss on shares of an affiliated company of ¥336 million (extraordinary loss). No impact on consolidated results.
Fiscal year ending July 2026
| Item | Details |
|---|---|
| Event name | Recognition of a Provision for Doubtful Accounts and an Impairment Loss on Shares of an Affiliated Company (Non-Consolidated) |
| Subject Entity | Eternal Hospitality Group Co.,Ltd. (non-consolidated financial statements); consolidated subsidiary Torikizoku Shanghai Co.,Ltd. (TK-SH) |
| Cause | Deterioration in TK-SH's financial condition and other factors. In addition, TK-SH has not achieved profitability as of the present time, its losses ahead of turning profitable have continued, and a decline in the real value of the shares was recognized. |
| Amount of Impact on Business Performance | Provision for doubtful accounts of ¥234 million (non-operating expense); impairment loss on shares of an affiliated company of ¥336 million (extraordinary loss). No impact on consolidated results. |
| Accounting period in which recognized | Fiscal year ending July 2026 |
Items this document does not state (20)
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.TK-SH's financial condition deteriorated. In addition, TK-SH has not achieved profitability, and its losses ahead of turning profitable have continued, reducing the real value of the shares held.