Notice Concerning the Recognition of an Extraordinary Loss (Impairment Loss)
SAKURA RUBBER CO.,LTD. (the Company)
Buildings and other assets at the Company's employee welfare facilities (assets deemed idle assets)
The employee welfare facilities were deemed idle assets. In addition, due to the impact of recent increases in construction costs, the estimated amount of asset retirement obligations substantially exceeded the previous estimate.
The Company expects to record an impairment loss of ¥144 million as an extraordinary loss. The amount of additional asset retirement obligations to be recognized is Not disclosed.
Fiscal year ending March 2026
The above extraordinary loss has been reflected in the notice regarding revisions to the full-year consolidated earnings forecasts and year-end dividend forecast announced today.
The Company expects to record an impairment loss of ¥144 million in its financial results for the fiscal year ending March 2026. The extraordinary loss has already been reflected in the full-year consolidated earnings forecasts.
| Item | Details |
|---|---|
| Event name | Notice Concerning the Recognition of an Extraordinary Loss (Impairment Loss) |
| Subject Entity | SAKURA RUBBER CO.,LTD. (the Company) |
| Target Locations / Products | Buildings and other assets at the Company's employee welfare facilities (assets deemed idle assets) |
| Cause | The employee welfare facilities were deemed idle assets. In addition, due to the impact of recent increases in construction costs, the estimated amount of asset retirement obligations substantially exceeded the previous estimate. |
| Amount of Impact on Business Performance | The Company expects to record an impairment loss of ¥144 million as an extraordinary loss. The amount of additional asset retirement obligations to be recognized is Not disclosed. |
| Accounting period in which recognized | Fiscal year ending March 2026 |
| Impact on Earnings Forecast | The above extraordinary loss has been reflected in the notice regarding revisions to the full-year consolidated earnings forecasts and year-end dividend forecast announced today. |
| Outlook | The Company expects to record an impairment loss of ¥144 million in its financial results for the fiscal year ending March 2026. The extraordinary loss has already been reflected in the full-year consolidated earnings forecasts. |
Items this document does not state (17)
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 employee welfare facilities were deemed idle assets. In addition, due to recent increases in construction costs, the estimated amount of asset retirement obligations substantially exceeded the previous estimate.