Recognition of an extraordinary loss
SHOWA PAXXS CORPORATION
The rental warehouse and some of the factory buildings at the Tokyo Plant
The facilities concerned will be demolished as part of the rebuilding of the Tokyo Plant. The rental warehouse will incur an impairment loss due to declining profitability, while demolition costs will result in a loss on disposal of fixed assets.
Approximately ¥50 million (impairment loss, the second-quarter consolidated accounting period of the fiscal year ending March 2027) and approximately ¥240 million (loss on disposal of fixed assets, from the third-quarter consolidated accounting period of the fiscal year ending March 2027 onward)
The second-quarter consolidated accounting period of the fiscal year ending March 2027 and the third-quarter consolidated accounting period onward. Some of the losses may be recognized in the following fiscal year.
The matter is within the scope of the business plan and will not affect the earnings forecast for the fiscal year ending March 2027. However, if the timing of recognizing some of the losses is deferred to the following fiscal year and affects the earnings forecast, the Company will provide an update.
The demolition work will proceed. If the progress of the work causes the timing of recognizing some of the losses to be deferred to the following fiscal year and affects the earnings forecast, the Company will provide an update.
The Company will provide an update if the matter affects the earnings forecast.
| Item | Details |
|---|---|
| Event name | Recognition of an extraordinary loss |
| Date of occurrence | 28 September 2026 (the Board of Directors resolved to enter into a contract for the demolition work) |
| Subject Entity | SHOWA PAXXS CORPORATION |
| Target Locations / Products | The rental warehouse and some of the factory buildings at the Tokyo Plant |
| Cause | The facilities concerned will be demolished as part of the rebuilding of the Tokyo Plant. The rental warehouse will incur an impairment loss due to declining profitability, while demolition costs will result in a loss on disposal of fixed assets. |
| Amount of Impact on Business Performance | Approximately ¥50 million (impairment loss, the second-quarter consolidated accounting period of the fiscal year ending March 2027) and approximately ¥240 million (loss on disposal of fixed assets, from the third-quarter consolidated accounting period of the fiscal year ending March 2027 onward) |
| Accounting period in which recognized | The second-quarter consolidated accounting period of the fiscal year ending March 2027 and the third-quarter consolidated accounting period onward. Some of the losses may be recognized in the following fiscal year. |
| Impact on Earnings Forecast | The matter is within the scope of the business plan and will not affect the earnings forecast for the fiscal year ending March 2027. However, if the timing of recognizing some of the losses is deferred to the following fiscal year and affects the earnings forecast, the Company will provide an update. |
| Outlook | The demolition work will proceed. If the progress of the work causes the timing of recognizing some of the losses to be deferred to the following fiscal year and affects the earnings forecast, the Company will provide an update. |
| Planned follow-up disclosure | The Company will provide an update if the matter affects the earnings forecast. |
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 rental warehouse and some of the factory buildings will be demolished as part of the rebuilding of the Tokyo Plant. The rental warehouse will incur an impairment loss due to declining profitability, while demolition costs will result in a loss on disposal of fixed assets.