Notice Regarding the Recording of an Extraordinary Loss (Loss on Valuation of Investment Securities) and Differences Between the Consolidated Earnings Forecast and Actual Results for the Fiscal Year Ending March 2026
Virtualex Holdings,Inc. (the filing company)
Investment securities related to Kotozna株式会社
Impairment of excess earning power because Kotozna株式会社 has not achieved the expected expansion of its business
A ¥402 million loss on the valuation of investment securities was recorded as an extraordinary loss. However, the section explaining the reasons for the difference from the earnings forecast states ¥404 million.
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
There was a difference between the previous forecast and actual results. Net sales were ¥19 million below the forecast, operating income was ¥64 million above the forecast, ordinary income was ¥122 million above the forecast, and net income attributable to owners of the parent was ¥281 million below the forecast. Against the previous forecast of ¥200 million, actual net income was a loss of ¥81 million.
| Item | Details |
|---|---|
| Event name | Notice Regarding the Recording of an Extraordinary Loss (Loss on Valuation of Investment Securities) and Differences Between the Consolidated Earnings Forecast and Actual Results for the Fiscal Year Ending March 2026 |
| Subject Entity | Virtualex Holdings,Inc. (the filing company) |
| Target Locations / Products | Investment securities related to Kotozna株式会社 |
| Cause | Impairment of excess earning power because Kotozna株式会社 has not achieved the expected expansion of its business |
| Amount of Impact on Business Performance | A ¥402 million loss on the valuation of investment securities was recorded as an extraordinary loss. However, the section explaining the reasons for the difference from the earnings forecast states ¥404 million. |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | There was a difference between the previous forecast and actual results. Net sales were ¥19 million below the forecast, operating income was ¥64 million above the forecast, ordinary income was ¥122 million above the forecast, and net income attributable to owners of the parent was ¥281 million below the forecast. Against the previous forecast of ¥200 million, actual net income was a loss of ¥81 million. |
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.Kotozna株式会社's business did not expand as expected, resulting in impairment of its excess earning power. The differences from the earnings forecast were attributed to the completion of large-scale projects, additional orders arising from specification changes, and improved project profitability in the IT & Consulting business; contract renewals were not made for reasons attributable to customers in the Outsourcing business; selling, general and administrative expenses were reduced; and a ¥40 million gain on the operation of an investment partnership was recorded.