The document this correction applies to
Timely disclosureWhat was corrected and how
A subsequent correction by the company to the contents of an already published filing.
Notice Regarding the Recognition of Non-operating Expenses and Extraordinary Losses, Increase in Valuation Difference on Other Securities, and Differences Between Earnings Forecasts and Actual Results
Open the original document2. Recognition of Extraordinary Losses; 4. Differences Between Earnings Forecasts and Actual Results, (1) Differences Between the Consolidated Earnings Forecast and Actual Results for the Fiscal Year Ended December 2025 and (2) Reasons for the Differences
Actual result (B) Net Sales Net sales: ¥9,859 million / Adjusted EBITDA Adjusted EBITDA: ¥156 million / Operating profit Operating profit: -¥2,059 million / Ordinary income Ordinary profit: -¥2,402 million / Profit attributable to owners of the parent Profit attributable to owners of the parent: -¥3,173 million / Net income per share Basic earnings per share: -¥122.64
Actual result (B) Net Sales Net sales: ¥9,859 million / Adjusted EBITDA Adjusted EBITDA: ¥297 million / Operating profit Operating profit: -¥1,683 million / Ordinary income Ordinary profit: -¥2,026 million / Profit attributable to owners of the parent Profit attributable to owners of the parent: -¥3,696 million / Net income per share Basic earnings per share: -¥142.85 / Extraordinary loss Extraordinary loss: Loss on unidentified payments of ¥808.434 million (5.4M USD) added
For net loss attributable to owners of the parent, impairment loss of ¥1,993.619 million and loss on unidentified payments of ¥808.434 million were recognized, and the actual result was revised from -¥3,173 million to -¥3,696 million.
Following the publication on 30 April 2026 of a partial correction to the Consolidated Financial Results for the Fiscal Year Ended December 2025 [Japanese GAAP], which were disclosed on 31 March 2026, certain items in the disclosure required correction. The company has been unable to confirm the payees or the substance of the services provided in connection with amounts paid by TEN to 4 companies when TEN listed on NASDAQ.
| Item | Details |
|---|---|
| Disclosure subject to correction | Notice Regarding the Recognition of Non-operating Expenses and Extraordinary Losses, Increase in Valuation Difference on Other Securities, and Differences Between Earnings Forecasts and Actual Results |
| Original disclosure date | 31 March 2026 |
| Location of correction | 2. Recognition of Extraordinary Losses; 4. Differences Between Earnings Forecasts and Actual Results, (1) Differences Between the Consolidated Earnings Forecast and Actual Results for the Fiscal Year Ended December 2025 and (2) Reasons for the Differences |
| Details of correction | Actual result (B) Net Sales Net sales: ¥9,859 million / Adjusted EBITDA Adjusted EBITDA: ¥156 million / Operating profit Operating profit: -¥2,059 million / Ordinary income Ordinary profit: -¥2,402 million / Profit attributable to owners of the parent Profit attributable to owners of the parent: -¥3,173 million / Net income per share Basic earnings per share: -¥122.64 → Actual result (B) Net Sales Net sales: ¥9,859 million / Adjusted EBITDA Adjusted EBITDA: ¥297 million / Operating profit Operating profit: -¥1,683 million / Ordinary income Ordinary profit: -¥2,026 million / Profit attributable to owners of the parent Profit attributable to owners of the parent: -¥3,696 million / Net income per share Basic earnings per share: -¥142.85 / Extraordinary loss Extraordinary loss: Loss on unidentified payments of ¥808.434 million (5.4M USD) added（Net Sales △1.4％ → △1.4％ / Adjusted EBITDA △85.1％ → △71.7％ / Operating profit ― → ― / Ordinary income ― → ― / Profit attributable to owners of the parent ― → ―） |
| Reason for correction | Following the publication on 30 April 2026 of a partial correction to the Consolidated Financial Results for the Fiscal Year Ended December 2025 [Japanese GAAP], which were disclosed on 31 March 2026, certain items in the disclosure required correction. The company has been unable to confirm the payees or the substance of the services provided in connection with amounts paid by TEN to 4 companies when TEN listed on NASDAQ. |
| Impact on Business Performance | For net loss attributable to owners of the parent, impairment loss of ¥1,993.619 million and loss on unidentified payments of ¥808.434 million were recognized, and the actual result was revised from -¥3,173 million to -¥3,696 million. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because the company published a partial correction to the Consolidated Financial Results for the Fiscal Year Ended December 2025 [Japanese GAAP] on 30 April 2026, items requiring correction also arose in the original disclosure. Specifically, the company was unable to confirm the payees or the substance of the services provided in connection with amounts paid by TEN to 4 companies when TEN listed on NASDAQ.