Recognition of an Impairment Loss on Investments in an Affiliated Company (Non-Consolidated Financial Results) and Difference Between the Forecast and Actual Results for the Full Fiscal Year Ending March 2026
Daio Paper Corporation (recognized in non-consolidated financial results) and its consolidated subsidiary 大王(南通)生活用品有限公司 (subject to the impairment assessment)
The net asset value of 大王(南通)生活用品有限公司 had declined significantly and was not expected to recover to the acquisition cost. The difference in consolidated results was attributable to the penetration of price revisions in the domestic Home & Personal Care business, the effects of structural reforms in the overseas Home & Personal Care business, and foreign exchange gains on foreign-currency-denominated parent-subsidiary loans resulting from the yen’s depreciation, among other factors.
¥12,053 million (extraordinary loss in non-consolidated financial results). The loss is eliminated in the consolidated financial results and has no impact on consolidated results.
Fiscal year ending March 2026 (non-consolidated financial results)
The difference between the previously announced forecast and the actual results is disclosed. Revenue was ¥3,229 million lower (−0.5%), operating income was ¥2,032 million higher (+9.2%), ordinary income was ¥7,339 million higher (+52.4%), and net income attributable to owners of the parent was ¥3,886 million higher (+77.7%). No revised forecast figures have been provided.
| Item | Details |
|---|---|
| Event name | Recognition of an Impairment Loss on Investments in an Affiliated Company (Non-Consolidated Financial Results) and Difference Between the Forecast and Actual Results for the Full Fiscal Year Ending March 2026 |
| Subject Entity | Daio Paper Corporation (recognized in non-consolidated financial results) and its consolidated subsidiary 大王(南通)生活用品有限公司 (subject to the impairment assessment) |
| Cause | The net asset value of 大王(南通)生活用品有限公司 had declined significantly and was not expected to recover to the acquisition cost. The difference in consolidated results was attributable to the penetration of price revisions in the domestic Home & Personal Care business, the effects of structural reforms in the overseas Home & Personal Care business, and foreign exchange gains on foreign-currency-denominated parent-subsidiary loans resulting from the yen’s depreciation, among other factors. |
| Amount of Impact on Business Performance | ¥12,053 million (extraordinary loss in non-consolidated financial results). The loss is eliminated in the consolidated financial results and has no impact on consolidated results. |
| Accounting period in which recognized | Fiscal year ending March 2026 (non-consolidated financial results) |
| Impact on Earnings Forecast | The difference between the previously announced forecast and the actual results is disclosed. Revenue was ¥3,229 million lower (−0.5%), operating income was ¥2,032 million higher (+9.2%), ordinary income was ¥7,339 million higher (+52.4%), and net income attributable to owners of the parent was ¥3,886 million higher (+77.7%). No revised forecast figures have been provided. |
Items this document does not state (19)
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.An impairment loss was recognized because the net asset value of 大王(南通)生活用品有限公司 had declined significantly and was not expected to recover to the acquisition cost. The upside in consolidated results was attributable to the greater-than-planned penetration of price revisions in the domestic business, the effects of structural reforms in the overseas business exceeding the plan, and foreign exchange gains on foreign-currency-denominated parent-subsidiary loans resulting from the yen’s depreciation, among other factors.