Recognition of an extraordinary loss (settlement payment and other costs)
iRidge,Inc. (filing company)
Development and maintenance services undertaken by the company in connection with costs and other amounts incurred by a customer company (customer company not identified)
The company became obligated to bear a settlement payment, within the scope of its responsibility under the outsourcing agreement, in connection with costs and other amounts incurred by the customer company in relation to development and maintenance services outsourced to the company by that customer company
¥73 million (extraordinary loss (settlement payment and other costs))
Cumulative second quarter of the fiscal year ending March 2027
The consolidated earnings forecast for the fiscal year ending March 2027 has not been revised from the forecast announced on 8 May 2026 as of this time. If the company determines that a revision is necessary, it will make an announcement promptly.
Related procedures
No litigation or other legal proceedings have been initiated; an agreement was executed through discussions (settlement)
The company plans to record the settlement payment and other costs in the second quarter of the fiscal year ending March 2027. If it determines that a revision to the earnings forecast is necessary, it will make an announcement promptly.
If the company determines that a revision to the earnings forecast is necessary, it will make an announcement promptly.
| Item | Details |
|---|---|
| Event name | Recognition of an extraordinary loss (settlement payment and other costs) |
| Date of occurrence | 26 October 2026 (date of agreement execution) |
| Subject Entity | iRidge,Inc. (filing company) |
| Target Locations / Products | Development and maintenance services undertaken by the company in connection with costs and other amounts incurred by a customer company (customer company not identified) |
| Cause | The company became obligated to bear a settlement payment, within the scope of its responsibility under the outsourcing agreement, in connection with costs and other amounts incurred by the customer company in relation to development and maintenance services outsourced to the company by that customer company |
| Amount of Impact on Business Performance | ¥73 million (extraordinary loss (settlement payment and other costs)) |
| Accounting period in which recognized | Cumulative second quarter of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | The consolidated earnings forecast for the fiscal year ending March 2027 has not been revised from the forecast announced on 8 May 2026 as of this time. If the company determines that a revision is necessary, it will make an announcement promptly. |
| Type of litigation or proceeding | No litigation or other legal proceedings have been initiated; an agreement was executed through discussions (settlement) |
| Outlook | The company plans to record the settlement payment and other costs in the second quarter of the fiscal year ending March 2027. If it determines that a revision to the earnings forecast is necessary, it will make an announcement promptly. |
| Planned follow-up disclosure | If the company determines that a revision to the earnings forecast is necessary, it will make an announcement 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.Following discussions concerning costs and other amounts incurred by the customer company, the company agreed to bear a settlement payment within the scope of its responsibility under the outsourcing agreement. The company also indicated that reaching an early resolution and continuing its business relationship with the customer company were reasons for determining that resolution through discussions was reasonable.