Recognition of an extraordinary loss (impairment loss) and revision of the full-year consolidated earnings forecast
Daicel Corporation
The new COC resin plant currently under construction (the second plant); COC resin is a cyclic olefin copolymer
Profitability declined because the expansion in demand was slower than expected and investment costs increased
An impairment loss of approximately ¥32 billion is expected to be recognized as an extraordinary loss
Fourth quarter of the fiscal year ended March 2026
The full-year consolidated earnings forecast for the fiscal year ending March 2026 has been revised. Net income attributable to owners of the parent has been reduced by ¥40 billion, from ¥50 billion to ¥10 billion, a reduction of 80.0%
The planned start of operations for the second plant has changed from the fourth quarter of the fiscal year ending March 2027 to during the fiscal year ending March 2028. During this period, measures will be implemented to further improve safety and quality
| Item | Details |
|---|---|
| Event name | Recognition of an extraordinary loss (impairment loss) and revision of the full-year consolidated earnings forecast |
| Date of occurrence | The event is expected to be recognized in the fourth quarter of the fiscal year ending March 2026; the specific date is Not disclosed |
| Date recognized / date notice received | 26 March 2026 (date of disclosure) |
| Subject Entity | Daicel Corporation |
| Target Locations / Products | The new COC resin plant currently under construction (the second plant); COC resin is a cyclic olefin copolymer |
| Cause | Profitability declined because the expansion in demand was slower than expected and investment costs increased |
| Amount of Impact on Business Performance | An impairment loss of approximately ¥32 billion is expected to be recognized as an extraordinary loss |
| Accounting period in which recognized | Fourth quarter of the fiscal year ended March 2026 |
| Impact on Earnings Forecast | The full-year consolidated earnings forecast for the fiscal year ending March 2026 has been revised. Net income attributable to owners of the parent has been reduced by ¥40 billion, from ¥50 billion to ¥10 billion, a reduction of 80.0% |
| Outlook | The planned start of operations for the second plant has changed from the fourth quarter of the fiscal year ending March 2027 to during the fiscal year ending March 2028. During this period, measures will be implemented to further improve safety and quality |
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 profitability of the second COC resin plant declined because the expansion in demand was slower than expected and investment costs increased. Other reasons for revising the earnings forecast include lower sales volumes of acetate tow, trouble at the carbon monoxide plant in the fourth quarter, and the postponement to the next fiscal year of the receipt of relocation compensation for the engineering plastics business's plant in China.