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Statutory disclosure document5161NISHIKAWA RUBBER CO.,LTD.Automobiles and transportation equipment

Receipt by a Subsidiary of a Notice of Tax Assessment from the Mexican Tax Authorities

The Mexican subsidiary received a notice of reassessment decision from the Mexican tax authorities ordering it to pay approximately ¥11 billion in connection with its tax filing for the fiscal year ended December 2021. The subsidiary plans to appeal the decision and has not recorded a provision at this time.

Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1189
Millions of Mexican pesos (approximately ¥11 billion)
Wording
Avoiding a definitive answer
How definitive the wording is.

Decision and Details

Receipt of a notice of reassessment decision concerning the tax filing for the fiscal year ended December 2021

Decision28 May 2026 (date the notice of reassessment decision was received)
Period CoveredFiscal year ended December 2021
Going forwardNSM will promptly initiate the appeal procedures once preparations for the appeal are complete. NSM will promptly disclose any matter requiring disclosure that arises.
AmountPayment of 1,189 million Mexican pesos (approximately ¥11 billion)
Reason

The Company considers the contents of the notice to be unreasonable and contrary to Mexican tax law and therefore entirely unacceptable. It plans to promptly initiate the appeal procedures once preparations for the appeal are complete.

Impact on Business Performance

No provision or other similar amount has been recorded because it is currently difficult to make a reasonable estimate of the impact on the financial position and operating results for the current consolidated fiscal year, among other reasons. The Company will promptly disclose any matter requiring disclosure that arises in the future.

Decision and Details
ItemDetails
Matter CoveredReceipt of a notice of reassessment decision concerning the tax filing for the fiscal year ended December 2021
Decision Date28 May 2026 (date the notice of reassessment decision was received)
Period CoveredFiscal year ended December 2021
AmountPayment of 1,189 million Mexican pesos (approximately ¥11 billion)
Impact on Business PerformanceNo provision or other similar amount has been recorded because it is currently difficult to make a reasonable estimate of the impact on the financial position and operating results for the current consolidated fiscal year, among other reasons. The Company will promptly disclose any matter requiring disclosure that arises in the future.
ReasonThe Company considers the contents of the notice to be unreasonable and contrary to Mexican tax law and therefore entirely unacceptable. It plans to promptly initiate the appeal procedures once preparations for the appeal are complete.
Future plansNSM will promptly initiate the appeal procedures once preparations for the appeal are complete. NSM will promptly disclose any matter requiring disclosure that arises.
Items this document does not state (5)
Decision-Making BodyImplementation DateQuantity / scaleGoverning RuleRelated previous disclosures

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 considers the contents of the notice to be unreasonable and contrary to Mexican tax law and therefore entirely unacceptable, so it plans to file an appeal. No provision or other similar amount has been recorded because it is currently difficult to make a reasonable estimate of the financial impact, among other reasons.

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Receipt by a Subsidiary of a Notice of Tax Assessment from the Mexican Tax Authorities | NISHIKAWA RUBBER CO.,LTD. (5161) timely disclosure | Komori