Recognition of Extraordinary Losses (Separate Financial Statements) and Reversal of General Reserve
AHRESTY CORPORATION (the filing company). The assets subject to valuation were certain shares in overseas consolidated subsidiaries held by the Company and certain receivables from those subsidiaries.
Certain shares in overseas consolidated subsidiaries and certain receivables from those subsidiaries. The subsidiary name was Not disclosed.
An impairment loss of approximately ¥1.4 billion on investments in affiliates and an allowance for doubtful accounts of approximately ¥1.0 billion were recognized as extraordinary losses in the separate financial statements. These amounts will be eliminated in the consolidated financial statements and will have no impact on consolidated results. The withdrawal of ¥5.0 billion from the general reserve has no impact on net assets or profit or loss.
Fiscal year ending March 2026 separate financial statements (extraordinary losses). The effective date of the general reserve transfer is 20 May 2026.
There is no impact on consolidated results. Any revision to the earnings forecast was Not disclosed.
Allowance for doubtful accounts of approximately ¥1.0 billion. The name of the consolidated subsidiary was Not disclosed.
The general reserve will be transferred to retained earnings brought forward, enabling shareholder returns and flexible capital policies in response to changes in the business environment.
| Item | Details |
|---|---|
| Event name | Recognition of Extraordinary Losses (Separate Financial Statements) and Reversal of General Reserve |
| Date of occurrence | 20 May 2026 (effective date of the general reserve reversal and date of the board resolution; specific date of the extraordinary losses: Not disclosed) |
| Subject Entity | AHRESTY CORPORATION (the filing company). The assets subject to valuation were certain shares in overseas consolidated subsidiaries held by the Company and certain receivables from those subsidiaries. |
| Target Locations / Products | Certain shares in overseas consolidated subsidiaries and certain receivables from those subsidiaries. The subsidiary name was Not disclosed. |
| Amount of Impact on Business Performance | An impairment loss of approximately ¥1.4 billion on investments in affiliates and an allowance for doubtful accounts of approximately ¥1.0 billion were recognized as extraordinary losses in the separate financial statements. These amounts will be eliminated in the consolidated financial statements and will have no impact on consolidated results. The withdrawal of ¥5.0 billion from the general reserve has no impact on net assets or profit or loss. |
| Accounting period in which recognized | Fiscal year ending March 2026 separate financial statements (extraordinary losses). The effective date of the general reserve transfer is 20 May 2026. |
| Impact on Earnings Forecast | There is no impact on consolidated results. Any revision to the earnings forecast was Not disclosed. |
| Amount of receivables at risk of non-collection or delayed collection | Allowance for doubtful accounts of approximately ¥1.0 billion. The name of the consolidated subsidiary was Not disclosed. |
| Outlook | The general reserve will be transferred to retained earnings brought forward, enabling shareholder returns and flexible capital policies in response to changes in the business environment. |
Items this document does not state (16)
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 general reserve was withdrawn to offset the deficit in retained earnings brought forward and enable shareholder returns and flexible capital policies in response to changes in the business environment. The cause of the extraordinary losses was not disclosed.