Workforce reduction at a consolidated subsidiary and expected recognition of an extraordinary loss
煙台阿姿誼靴下有限公司 (the company's consolidated subsidiary)
The Chinese production site in the Yantai Economic and Technological Development Zone, Yantai, Shandong Province, People's Republic of China
Progress in improving productivity through the introduction of automated equipment and other measures, the realignment of the workforce with the future production structure, and recent changes in the demand environment.
The company expects to recognize approximately ¥211 million in retirement payments as an extraordinary loss.
The cumulative consolidated interim period for the second quarter of the fiscal year ending March 2027
The workforce reduction under the voluntary retirement program is scheduled to be completed by the end of August 2026, and the company expects to recognize approximately ¥211 million in retirement payments as an extraordinary loss in the cumulative consolidated interim period for the second quarter of the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Event name | Workforce reduction at a consolidated subsidiary and expected recognition of an extraordinary loss |
| Date of occurrence | 3 August 2026 (the date the workforce reduction was decided) |
| Subject Entity | 煙台阿姿誼靴下有限公司 (the company's consolidated subsidiary) |
| Target Locations / Products | The Chinese production site in the Yantai Economic and Technological Development Zone, Yantai, Shandong Province, People's Republic of China |
| Cause | Progress in improving productivity through the introduction of automated equipment and other measures, the realignment of the workforce with the future production structure, and recent changes in the demand environment. |
| Amount of Impact on Business Performance | The company expects to recognize approximately ¥211 million in retirement payments as an extraordinary loss. |
| Accounting period in which recognized | The cumulative consolidated interim period for the second quarter of the fiscal year ending March 2027 |
| Outlook | The workforce reduction under the voluntary retirement program is scheduled to be completed by the end of August 2026, and the company expects to recognize approximately ¥211 million in retirement payments as an extraordinary loss in the cumulative consolidated interim period for the second quarter of the fiscal year ending March 2027. |
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.To realign the workforce with the future production structure in light of productivity improvements resulting from the introduction of automated equipment and other measures. This is also part of a structural reform aimed at an early recovery in performance and improvement of the earnings structure, taking into account changes in the demand environment.