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Disclosure4379Photosynth inc.Information and Communications, Services and Others

Notice Regarding the Recording of an Impairment Loss on Shares in an Affiliated Company (Non-Consolidated)

Because the substantial value of the shares of consolidated subsidiary 株式会社MIWA Akerun Technologies declined significantly, an impairment loss on shares of an affiliated company of ¥77 million was recognized as an extraordinary loss in the non-consolidated financial statements for the second quarter of the fiscal year ending December 2026. As the loss is eliminated in the consolidated financial statements, it has no impact on consolidated results.

Worth reading
67In focus
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Direction
Deterioration
Direction inferred from the company’s description.
Scale
77
¥ million
Wording
Definitive
How definitive the wording is.

Decision and Details

Recognition of an impairment loss on shares of an affiliated company relating to shares of 株式会社MIWA Akerun Technologies

Decision13 August 2026
Period CoveredSecond quarter of the fiscal year ending December 2026
ImplementationRecognition in the non-consolidated financial statements for the second quarter of the fiscal year ending December 2026 (actual)
AmountImpairment loss on shares of an affiliated company: ¥77 million (extraordinary loss)
Reason

The company is in a business phase in which it is prioritizing upfront investment for future business expansion, including strengthening product functionality and its sales structure to secure standard adoption by property management companies. As a result of continuing net losses, the substantial value of the shares declined significantly.

Impact on Business Performance

The loss was recognized only in the non-consolidated financial statements and is fully eliminated in the consolidated financial statements. Accordingly, it has no impact on consolidated results or previously published earnings forecasts.

Decision and Details
ItemDetails
Matter CoveredRecognition of an impairment loss on shares of an affiliated company relating to shares of 株式会社MIWA Akerun Technologies
Decision Date13 August 2026
Implementation DateRecognition in the non-consolidated financial statements for the second quarter of the fiscal year ending December 2026 (actual)
Period CoveredSecond quarter of the fiscal year ending December 2026
AmountImpairment loss on shares of an affiliated company: ¥77 million (extraordinary loss)
Impact on Business PerformanceThe loss was recognized only in the non-consolidated financial statements and is fully eliminated in the consolidated financial statements. Accordingly, it has no impact on consolidated results or previously published earnings forecasts.
ReasonThe company is in a business phase in which it is prioritizing upfront investment for future business expansion, including strengthening product functionality and its sales structure to secure standard adoption by property management companies. As a result of continuing net losses, the substantial value of the shares declined significantly.
Governing RuleAccounting Standard for Financial Instruments
Related previous disclosuresDisclosure announced on 12 February 2025 (title: Not disclosed)
Items this document does not state (3)
Decision-Making BodyQuantity / scaleFuture plans

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 is in a business phase in which it is prioritizing upfront investment for future business expansion, including strengthening product functionality and its sales structure. As a result of continuing net losses, the substantial value of the shares declined significantly.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Recording of an Impairment Loss on Shares in an Affiliated Company (Non-Consolidated) | Photosynth inc. (4379) timely disclosure | Komori