Recognition of other expenses in consolidated financial results following completion of the transfer of the European automotive business
JTEKT Corporation's consolidated financial results and the 7 consolidated subsidiaries subject to the transfer
The European automotive business, which primarily manufactures and sells automotive parts to European customers
The results of the review of the accounting treatment related to the transfer and discussions with the audit firm
¥15.6 billion loss recognized as other expenses
Interim consolidated accounting period of the fiscal year ending March 2027
For the outlook, see the Notice Regarding Revisions to the Earnings Forecasts published today.
Company response
Consultation with the audit firm
Please refer to the Notice Regarding Revision of Earnings Forecasts released today.
| Item | Details |
|---|---|
| Event name | Recognition of other expenses in consolidated financial results following completion of the transfer of the European automotive business |
| Date of occurrence | 31 July 2026 (date of completion of the transfer). 29 October 2026 is the date on which the amount of the loss recognized was finalized. |
| Subject Entity | JTEKT Corporation's consolidated financial results and the 7 consolidated subsidiaries subject to the transfer |
| Target Locations / Products | The European automotive business, which primarily manufactures and sells automotive parts to European customers |
| Cause | The results of the review of the accounting treatment related to the transfer and discussions with the audit firm |
| Amount of Impact on Business Performance | ¥15.6 billion loss recognized as other expenses |
| Accounting period in which recognized | Interim consolidated accounting period of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | For the outlook, see the Notice Regarding Revisions to the Earnings Forecasts published today. |
| Investigation structure | Consultation with the audit firm |
| Outlook | Please refer to the Notice Regarding Revision of Earnings Forecasts released today. |
Items this document does not state (15)
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.Following completion of the transfer, the accounting treatment related to the transfer was reviewed and discussed with the audit firm.