Partial suspension of operations of a consolidated subsidiary
株式会社ＥＦネクストテック (100% owned by the Company)
Digital devices (iPhones, game consoles, etc.)
Earnings volatility caused by foreign exchange fluctuations, lower gross profit margins accompanying changes in market supply and demand, heightened business risks arising from policy trends, lower capital efficiency and difficulty securing funds for purchases due to delays in consumption tax refunds. In addition, the Company reviewed its business portfolio from the perspectives of profitability and capital efficiency.
¥15,840 million for the fiscal year ended December 2024 and ¥95 million for the fiscal year ended December 2025 (digital device sales in the reuse business)
Fiscal year ending December 2025 (the impact of this matter has already been reflected in the results for the previous fiscal year)
The impact on future results is expected to be minor.
Company response
The purchase and sale of digital devices, including iPhones and game consoles, in the reuse business
The Company will shift toward high-value-added products such as gold and platinum, concentrate management resources on its resource and energy business and GX-related businesses, and strengthen investment in businesses based on renewable energy.
| Item | Details |
|---|---|
| Event name | Partial suspension of operations of a consolidated subsidiary |
| Date of occurrence | During the fiscal year ending December 2025 (already suspended) |
| Subject Entity | 株式会社ＥＦネクストテック (100% owned by the Company) |
| Target Locations / Products | Digital devices (iPhones, game consoles, etc.) |
| Cause | Earnings volatility caused by foreign exchange fluctuations, lower gross profit margins accompanying changes in market supply and demand, heightened business risks arising from policy trends, lower capital efficiency and difficulty securing funds for purchases due to delays in consumption tax refunds. In addition, the Company reviewed its business portfolio from the perspectives of profitability and capital efficiency. |
| Amount of Impact on Business Performance | ¥15,840 million for the fiscal year ended December 2024 and ¥95 million for the fiscal year ended December 2025 (digital device sales in the reuse business) |
| Accounting period in which recognized | Fiscal year ending December 2025 (the impact of this matter has already been reflected in the results for the previous fiscal year) |
| Impact on Earnings Forecast | The impact on future results is expected to be minor. |
| Suspended operations | The purchase and sale of digital devices, including iPhones and game consoles, in the reuse business |
| Outlook | The Company will shift toward high-value-added products such as gold and platinum, concentrate management resources on its resource and energy business and GX-related businesses, and strengthen investment in businesses based on renewable energy. |
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.The Company reviewed its business portfolio from the perspectives of profitability and capital efficiency in response to increased earnings volatility caused by foreign exchange fluctuations, lower gross profit margins resulting from changes in market supply and demand, heightened business risks arising from policy trends, and lower capital efficiency and difficulty securing funds for purchases due to delays in consumption tax refunds.