Recognition of extraordinary income (subsidy income) and extraordinary loss (loss on reduction of fixed asset acquisition costs)
Oxide Power Crystal Co., Ltd. (consolidated subsidiary of the Company)
Subsidy under the Green Innovation Fund Project and fixed assets acquired with the subsidy (specific name: Not disclosed)
Oxide Power Crystal Co., Ltd. received a subsidy under NEDO's Green Innovation Fund Project. A reduction entry was made under the provisions of the Corporation Tax Act for the fixed assets acquired with the subsidy.
Subsidy income of ¥96 million (extraordinary income) and loss on reduction of fixed asset acquisition costs of ¥92 million (extraordinary loss)
The second-quarter consolidated accounting period of the fiscal year ending February 2027 (1 June 2026–31 August 2026)
The above subsidy income and loss on the reduction of fixed asset acquisition costs were reflected in the "Notice Regarding Revisions to Full-Year Consolidated Earnings Forecasts" released today.
| Item | Details |
|---|---|
| Event name | Recognition of extraordinary income (subsidy income) and extraordinary loss (loss on reduction of fixed asset acquisition costs) |
| Date of occurrence | 1 June 2026 to 31 August 2026 (accounting period covered; individual date: Not disclosed) |
| Subject Entity | Oxide Power Crystal Co., Ltd. (consolidated subsidiary of the Company) |
| Target Locations / Products | Subsidy under the Green Innovation Fund Project and fixed assets acquired with the subsidy (specific name: Not disclosed) |
| Cause | Oxide Power Crystal Co., Ltd. received a subsidy under NEDO's Green Innovation Fund Project. A reduction entry was made under the provisions of the Corporation Tax Act for the fixed assets acquired with the subsidy. |
| Amount of Impact on Business Performance | Subsidy income of ¥96 million (extraordinary income) and loss on reduction of fixed asset acquisition costs of ¥92 million (extraordinary loss) |
| Accounting period in which recognized | The second-quarter consolidated accounting period of the fiscal year ending February 2027 (1 June 2026–31 August 2026) |
| Impact on Earnings Forecast | The above subsidy income and loss on the reduction of fixed asset acquisition costs were reflected in the "Notice Regarding Revisions to Full-Year Consolidated Earnings Forecasts" released today. |
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.This was because Oxide Power Crystal Co., Ltd. received a subsidy under NEDO's Green Innovation Fund Project. In addition, a loss on the reduction of fixed asset acquisition costs was recorded because the fixed assets acquired with the subsidy were subject to a reduction entry under the Corporation Tax Act.