Recognition of Extraordinary Losses (Loss on Valuation of Shares in an Affiliated Company and Impairment Loss) and Non-operating Expenses (Equity in Losses of Affiliates)
AltPlus Holdings Inc. (the filing company) and 株式会社オカザキホールディングス, an equity-method affiliate
Shares of 株式会社オカザキホールディングス and the Company's operating assets (building fixtures, tools, equipment and fixtures)
The fair value of the shares of 株式会社オカザキホールディングス declined significantly below the acquisition cost based on its financial position and operating results, and the Company determined that it could not reasonably expect the value to recover. The Company has continued to record operating losses. Equity in losses of affiliates reflects the affiliate's results for the period and the Company's share of amounts including the temporary amortization of goodwill related to the affiliate's shares in subsidiaries and impairment losses recognized by the affiliate.
Standalone financial statements: ¥557.249 million loss on valuation of shares in an affiliated company (extraordinary loss). Consolidated financial statements: ¥533.246 million in equity in losses of affiliates (non-operating expense). Consolidated and standalone financial statements: ¥10.270 million impairment loss (extraordinary loss).
Fourth-quarter accounting period of the fiscal year ending September 2026 (1 July 2026 to 30 September 2026)
No impact on the earnings forecast was stated. Each loss is reflected in the “Financial Results for the Fiscal Year Ended September 2026 [Japanese GAAP] (Consolidated)” released today.
| Item | Details |
|---|---|
| Event name | Recognition of Extraordinary Losses (Loss on Valuation of Shares in an Affiliated Company and Impairment Loss) and Non-operating Expenses (Equity in Losses of Affiliates) |
| Date of occurrence | During the fourth-quarter accounting period of the fiscal year ending September 2026 (1 July 2026 to 30 September 2026). No specific single date of occurrence was stated. |
| Subject Entity | AltPlus Holdings Inc. (the filing company) and 株式会社オカザキホールディングス, an equity-method affiliate |
| Target Locations / Products | Shares of 株式会社オカザキホールディングス and the Company's operating assets (building fixtures, tools, equipment and fixtures) |
| Cause | The fair value of the shares of 株式会社オカザキホールディングス declined significantly below the acquisition cost based on its financial position and operating results, and the Company determined that it could not reasonably expect the value to recover. The Company has continued to record operating losses. Equity in losses of affiliates reflects the affiliate's results for the period and the Company's share of amounts including the temporary amortization of goodwill related to the affiliate's shares in subsidiaries and impairment losses recognized by the affiliate. |
| Amount of Impact on Business Performance | Standalone financial statements: ¥557.249 million loss on valuation of shares in an affiliated company (extraordinary loss). Consolidated financial statements: ¥533.246 million in equity in losses of affiliates (non-operating expense). Consolidated and standalone financial statements: ¥10.270 million impairment loss (extraordinary loss). |
| Accounting period in which recognized | Fourth-quarter accounting period of the fiscal year ending September 2026 (1 July 2026 to 30 September 2026) |
| Impact on Earnings Forecast | No impact on the earnings forecast was stated. Each loss is reflected in the “Financial Results for the Fiscal Year Ended September 2026 [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.The fair value of 株式会社オカザキホールディングス based on its financial position and operating results declined significantly below the acquisition cost, and the Company determined that it could not reasonably expect the value to recover. In addition, the Company has continued to record operating losses, and recorded an impairment loss after examining the future recoverability of its operating assets. Equity in losses of affiliates arose from the affiliate's results for the period, the temporary amortization of goodwill and impairment loss recognized by the affiliate, and the Company's share of these amounts, among other items.