Recognition of impairment losses on fixed assets as an extraordinary loss
OKAMOTO INDUSTRIES,INC. Group (the Group)
Heat pack business, film business, agricultural materials business, multilayer film business, industrial tape business, wallpaper business, food packaging materials business, glove business, dehumidifier business, medical products business, and abrasive cloth and paper business
Profitability had declined. The impairment losses were recognized in accordance with the Accounting Standard for Impairment of Fixed Assets.
¥1,657 million (extraordinary loss)
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
| Item | Details |
|---|---|
| Event name | Recognition of impairment losses on fixed assets as an extraordinary loss |
| Subject Entity | OKAMOTO INDUSTRIES,INC. Group (the Group) |
| Target Locations / Products | Heat pack business, film business, agricultural materials business, multilayer film business, industrial tape business, wallpaper business, food packaging materials business, glove business, dehumidifier business, medical products business, and abrasive cloth and paper business |
| Cause | Profitability had declined. The impairment losses were recognized in accordance with the Accounting Standard for Impairment of Fixed Assets. |
| Amount of Impact on Business Performance | ¥1,657 million (extraordinary loss) |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
Items this document does not state (19)
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 impairment losses were recognized in accordance with the Accounting Standard for Impairment of Fixed Assets because the profitability of the fixed assets had declined.