Withdrawal from additional order projects covered by the service agreement and retroactive termination of the service agreement effective 1 April 2026
The filing company and ナウナウジャパン株式会社 (NNJ)
Additional order projects using AI infrastructure, including GPU servers, owned by the partner. The service agreement covers AI data center services.
After taking various circumstances into consideration
Project formation and referral fees of ¥5,578 million (calculated from US$35 million at ¥159.39 per US dollar, excluding consumption tax and other taxes). The expected ¥79,864 million in revenue from the additional order projects will no longer be realized, and only the fees will be recognized for the first quarter cumulative consolidated period.
The first quarter cumulative consolidated period of the fiscal year ending March 2027
There is no change to the consolidated earnings forecast for the fiscal year ending March 2027 announced on 15 May 2026. If it becomes necessary to revise the earnings forecast, the company will disclose the revision promptly.
The company will withdraw from the additional order projects and receive ¥5,578 million in project formation and referral fees from NNJ. The start of full-scale operations has been delayed for 3 AI data center projects in Japan, Australia and Thailand, but the company plans to secure multiple orders from other large prospective pipeline projects and currently believes that these will offset the impact on its earnings forecast.
If it becomes necessary to revise the earnings forecast based on the progress of future AI data center projects or other large prospective pipeline projects, the company will disclose the revision promptly.
| Item | Details |
|---|---|
| Event name | Withdrawal from additional order projects covered by the service agreement and retroactive termination of the service agreement effective 1 April 2026 |
| Date of occurrence | 1 April 2026 (termination date of the service agreement). The agreement was executed on 14 August 2026. |
| Date recognized / date notice received | 14 August 2026 (date the agreement with NNJ was executed) |
| Subject Entity | The filing company and ナウナウジャパン株式会社 (NNJ) |
| Target Locations / Products | Additional order projects using AI infrastructure, including GPU servers, owned by the partner. The service agreement covers AI data center services. |
| Cause | After taking various circumstances into consideration |
| Amount of Impact on Business Performance | Project formation and referral fees of ¥5,578 million (calculated from US$35 million at ¥159.39 per US dollar, excluding consumption tax and other taxes). The expected ¥79,864 million in revenue from the additional order projects will no longer be realized, and only the fees will be recognized for the first quarter cumulative consolidated period. |
| Accounting period in which recognized | The first quarter cumulative consolidated period of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | There is no change to the consolidated earnings forecast for the fiscal year ending March 2027 announced on 15 May 2026. If it becomes necessary to revise the earnings forecast, the company will disclose the revision promptly. |
| Outlook | The company will withdraw from the additional order projects and receive ¥5,578 million in project formation and referral fees from NNJ. The start of full-scale operations has been delayed for 3 AI data center projects in Japan, Australia and Thailand, but the company plans to secure multiple orders from other large prospective pipeline projects and currently believes that these will offset the impact on its earnings forecast. |
| Planned follow-up disclosure | If it becomes necessary to revise the earnings forecast based on the progress of future AI data center projects or other large prospective pipeline projects, the company will disclose the revision promptly. |
Items this document does not state (14)
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 explained that it made the decision after taking various circumstances into consideration. It negotiated the fee rate based on the estimated gross profit for the remaining 18-month contract period and determined that the resulting amount was reasonable after considering its contribution to the formation and realization of the projects and NNJ's contractual risk exposure.