Notice Concerning the Recognition of Extraordinary Losses (Impairment Losses and Provision for Doubtful Receivables) and Differences Between Full-Year Earnings Forecasts and Actual Results
Consolidated subsidiary 株式会社大多喜ハーブガーデン (impairment loss) and the non-consolidated financial statements of the filing company, 株式会社ユニバーサル園芸社 (provision for doubtful accounts)
Stores operated by 株式会社大多喜ハーブガーデン, goodwill and other fixed assets related to the company, and loans and other receivables from the company
Structural changes exceeding previous assumptions progressed in terms of securing personnel, passing costs on to prices, and demand trends, due in part to repeated increases in material prices and extended construction periods. The provision for doubtful accounts was recorded after taking into account the company's financial condition.
The Company recorded an impairment loss of ¥772 million as an extraordinary loss in its consolidated financial statements and a provision for doubtful accounts of ¥918 million as an extraordinary loss in its non-consolidated financial statements.
The fiscal year ending June 2026 (1 July 2025 to 30 June 2026)
Actual results on a non-consolidated basis compared with the previously announced forecast were ¥152 million higher in net sales, ¥290 million higher in ordinary profit, and ¥866 million lower in net income for the period. The change in net income was △46.8%. The variance was attributable to the recognition of the provision for doubtful accounts as an extraordinary loss. Whether the earnings forecast was revised: Not disclosed.
| Item | Details |
|---|---|
| Event name | Notice Concerning the Recognition of Extraordinary Losses (Impairment Losses and Provision for Doubtful Receivables) and Differences Between Full-Year Earnings Forecasts and Actual Results |
| Subject Entity | Consolidated subsidiary 株式会社大多喜ハーブガーデン (impairment loss) and the non-consolidated financial statements of the filing company, 株式会社ユニバーサル園芸社 (provision for doubtful accounts) |
| Target Locations / Products | Stores operated by 株式会社大多喜ハーブガーデン, goodwill and other fixed assets related to the company, and loans and other receivables from the company |
| Cause | Structural changes exceeding previous assumptions progressed in terms of securing personnel, passing costs on to prices, and demand trends, due in part to repeated increases in material prices and extended construction periods. The provision for doubtful accounts was recorded after taking into account the company's financial condition. |
| Amount of Impact on Business Performance | The Company recorded an impairment loss of ¥772 million as an extraordinary loss in its consolidated financial statements and a provision for doubtful accounts of ¥918 million as an extraordinary loss in its non-consolidated financial statements. |
| Accounting period in which recognized | The fiscal year ending June 2026 (1 July 2025 to 30 June 2026) |
| Impact on Earnings Forecast | Actual results on a non-consolidated basis compared with the previously announced forecast were ¥152 million higher in net sales, ¥290 million higher in ordinary profit, and ¥866 million lower in net income for the period. The change in net income was △46.8%. The variance was attributable to the recognition of the provision for doubtful accounts as an extraordinary loss. Whether the earnings forecast was revised: Not disclosed. |
Items this document does not state (18)
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.Structural changes exceeding previous assumptions progressed in terms of soaring material prices, extended construction periods, securing personnel, passing costs on to prices, and demand trends, prompting a review of the business plan and a reassessment of recoverable amounts. The provision for doubtful accounts was recorded after taking into account the financial condition of 株式会社大多喜ハーブガーデン.