Komori
Earnings presentation6454MAX CO.,LTD.Machinery

(Correction) Partial Correction to the "Supplementary Explanatory Materials for the Fiscal Year Ended March 2025"

The disclosures of total assets and the equity ratio in the supplementary explanatory materials for the fiscal year ended March 2025 have been corrected due to an error in the accounting for retirement benefit assets. Total assets increased by ¥1,964 million, while the equity ratio decreased by 1.3 percentage points.

Worth reading
90Important
Scored from 2 of 3 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1964
¥ million
Wording
Definitive
How definitive the wording is.

The document this correction applies to

Timely disclosure
Supplementary Materials for Fiscal Year Ended March 2025 Results2025-04-30

What was corrected and how

A subsequent correction by the company to the contents of an already published filing.

Original disclosure30 April 2025

Supplementary Explanatory Materials for the Fiscal Year Ended March 2025

Open the original document
329 daysThe pre-correction wording stayed published for this period (Calculated from the Original Disclosure Date Indicated in the Document)
This correction2026-03-25
Location of correction (where in the original document)

4. Financial Position

Before correction

Total assets ¥124,611 million / Equity ratio 85.0%

After correction

Total assets ¥126,575 million / Equity ratio 83.7%

ChangesTotal assets increased by ¥1,964 million, while the equity ratio decreased by 1.3 percentage points
Reason for correction

Under our defined benefit pension plan, pension assets exceeded retirement benefit obligations. Although retirement benefit assets should therefore have been recognized, the amount calculated by erroneously aggregating the retirement benefit obligations and pension assets under other plans, excluding the relevant pension plan, was recognized as a liability related to retirement benefits. Accordingly, the related items have been corrected.

What was corrected and how
ItemDetails
Disclosure subject to correctionSupplementary Explanatory Materials for the Fiscal Year Ended March 2025
Original disclosure date30 April 2025
Location of correction4. Financial Position
Details of correctionTotal assets ¥124,611 million / Equity ratio 85.0% → Total assets ¥126,575 million / Equity ratio 83.7%(Total assets: approximately 1.6% increase; equity ratio: Not disclosed)
Reason for correctionUnder our defined benefit pension plan, pension assets exceeded retirement benefit obligations. Although retirement benefit assets should therefore have been recognized, the amount calculated by erroneously aggregating the retirement benefit obligations and pension assets under other plans, excluding the relevant pension plan, was recognized as a liability related to retirement benefits. Accordingly, the related items have been corrected.
Items this document does not state (1)
Impact on Business Performance

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.

Although retirement benefit assets should have been recognized because pension assets exceeded retirement benefit obligations under the defined benefit pension plan, the amount calculated by aggregating them with other retirement benefit obligations and pension assets was erroneously recognized as a liability related to retirement benefits.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
(Correction) Partial Correction to the "Supplementary Explanatory Materials for the Fiscal Year Ended March 2025" | MAX CO.,LTD. (6454) timely disclosure | Komori