Recognition of an Impairment Loss on Shares of a Subsidiary and Provision for Doubtful Accounts (Non-consolidated) and One-Time Amortization of Goodwill (Consolidated)
MITSUBOSHI CO.,LTD.; consolidated subsidiary エムシーレフィラ株式会社
The Company determined that the net asset value of its shares in エムシーレフィラ株式会社 had declined materially. Because impairment accounting was applied in the non-consolidated financial statements, a one-time amortization of goodwill will be recognized in the consolidated financial statements.
¥37 million impairment loss on shares of a subsidiary (extraordinary loss); ¥3 million provision for doubtful accounts on receivables from a subsidiary (selling, general and administrative expenses); ¥3 million provision for doubtful accounts on loans (non-operating loss); ¥10 million goodwill amortization (selling, general and administrative expenses)
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
The Company is currently examining the impact, including that of other factors. If it becomes necessary to revise its earnings forecasts, the Company will promptly disclose the revision.
The Company is currently examining the impact on its earnings of the one-time amortization of goodwill, including that of other factors. If it becomes necessary to revise its earnings forecasts, the Company will promptly disclose the revision.
| Item | Details |
|---|---|
| Event name | Recognition of an Impairment Loss on Shares of a Subsidiary and Provision for Doubtful Accounts (Non-consolidated) and One-Time Amortization of Goodwill (Consolidated) |
| Subject Entity | MITSUBOSHI CO.,LTD.; consolidated subsidiary エムシーレフィラ株式会社 |
| Cause | The Company determined that the net asset value of its shares in エムシーレフィラ株式会社 had declined materially. Because impairment accounting was applied in the non-consolidated financial statements, a one-time amortization of goodwill will be recognized in the consolidated financial statements. |
| Amount of Impact on Business Performance | ¥37 million impairment loss on shares of a subsidiary (extraordinary loss); ¥3 million provision for doubtful accounts on receivables from a subsidiary (selling, general and administrative expenses); ¥3 million provision for doubtful accounts on loans (non-operating loss); ¥10 million goodwill amortization (selling, general and administrative expenses) |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | The Company is currently examining the impact, including that of other factors. If it becomes necessary to revise its earnings forecasts, the Company will promptly disclose the revision. |
| Outlook | The Company is currently examining the impact on its earnings of the one-time amortization of goodwill, including that of other factors. If it becomes necessary to revise its earnings forecasts, the Company will promptly disclose the revision. |
| Planned follow-up disclosure | If it becomes necessary to revise its earnings forecasts, the Company will promptly disclose the revision. |
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 Company determined that the net asset value of its shares in エムシーレフィラ株式会社, a subsidiary, had declined materially. In addition, because impairment accounting was applied in the non-consolidated financial statements, the Company will recognize a one-time amortization of goodwill in the consolidated financial statements.