Notice Regarding the Recognition of Extraordinary Income (Gain on Sale of Non-Current Assets) and Extraordinary Losses (Business Structure Improvement Costs)
FINE SINTER CO.,LTD.'s consolidated subsidiaries Thai Fine Sinter Co., Ltd. and American Fine Sinter Co., Ltd.
21,000 m² of unused, separately transferable land within the site for construction of the second plant in Rayong Province, Thailand; the business of American Fine Sinter Co., Ltd. (specific location: Not disclosed)
The sale of land by Thai Fine Sinter Co., Ltd. was intended to improve asset efficiency through the effective use of management resources. The costs of American Fine Sinter Co., Ltd. are associated with the cessation of operations as part of business structure reform.
Gain on sale of non-current assets of ¥123 million (extraordinary income); business structure improvement costs of ¥105 million (extraordinary loss)
The interim consolidated accounting period of the fiscal year ending March 2027 (1 April 2026 to 30 September 2026)
Reflected in the "Notice Concerning Revisions to the Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 2027" released today
The company will proceed with preparations to cease operations at American Fine Sinter Co., Ltd. The extraordinary income and extraordinary loss recognized will be reflected in the interim financial results report and the revisions to the full-year consolidated earnings forecast.
| Item | Details |
|---|---|
| Event name | Notice Regarding the Recognition of Extraordinary Income (Gain on Sale of Non-Current Assets) and Extraordinary Losses (Business Structure Improvement Costs) |
| Subject Entity | FINE SINTER CO.,LTD.'s consolidated subsidiaries Thai Fine Sinter Co., Ltd. and American Fine Sinter Co., Ltd. |
| Target Locations / Products | 21,000 m² of unused, separately transferable land within the site for construction of the second plant in Rayong Province, Thailand; the business of American Fine Sinter Co., Ltd. (specific location: Not disclosed) |
| Cause | The sale of land by Thai Fine Sinter Co., Ltd. was intended to improve asset efficiency through the effective use of management resources. The costs of American Fine Sinter Co., Ltd. are associated with the cessation of operations as part of business structure reform. |
| Amount of Impact on Business Performance | Gain on sale of non-current assets of ¥123 million (extraordinary income); business structure improvement costs of ¥105 million (extraordinary loss) |
| Accounting period in which recognized | The interim consolidated accounting period of the fiscal year ending March 2027 (1 April 2026 to 30 September 2026) |
| Impact on Earnings Forecast | Reflected in the "Notice Concerning Revisions to the Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 2027" released today |
| Outlook | The company will proceed with preparations to cease operations at American Fine Sinter Co., Ltd. The extraordinary income and extraordinary loss recognized will be reflected in the interim financial results report and the revisions to the full-year consolidated earnings forecast. |
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 sale of land in Thailand was intended to improve asset efficiency through the effective use of management resources. The costs at the U.S. subsidiary are associated with the cessation of operations being carried out as part of business structure reform.