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Occurring Fact6578CORREC HOLDINGS Inc.Information and Communications, Services and Others

(Update on Previously Disclosed Matter) Notice Regarding the Recognition of an Extraordinary Loss

The amount of the anticipated liability related to inappropriate grant application procedures in the past was finalized, and ¥61.094 million was recognized as an extraordinary loss.

Worth reading
46Recurring
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Direction
Deterioration
Direction inferred from the company’s description.
Scale
61094
¥ thousand
Wording
Definitive
How definitive the wording is.

Recognition of an extraordinary loss

Subject Entity

株式会社Aoie, a consolidated subsidiary of CORREC HOLDINGS Inc.

Target Locations / Products

Energy business conducted by 株式会社Aoie

This disclosure04/14/2026
Cause

Inappropriate application procedures were conducted as part of certain grant application procedures carried out in the past.

Amount of Impact on Business Performance

¥61.094 million (grant application agency fee, extraordinary loss)

Accounting period in which recognized

Fiscal year ending February 2026 (current fiscal year)

Impact on Earnings Forecast

Reflected in the Consolidated Financial Results Summary [Japanese GAAP] for the fiscal year ending February 2026 disclosed today.

Related procedures

Court or authority

Tokyo Metropolitan Environment Public Corporation

Outlook

The extraordinary loss will be reflected in the Consolidated Financial Results Summary [Japanese GAAP] for the fiscal year ending February 2026.

Event that occurred
ItemDetails
Event nameRecognition of an extraordinary loss
Subject Entity株式会社Aoie, a consolidated subsidiary of CORREC HOLDINGS Inc.
Target Locations / ProductsEnergy business conducted by 株式会社Aoie
CauseInappropriate application procedures were conducted as part of certain grant application procedures carried out in the past.
Amount of Impact on Business Performance¥61.094 million (grant application agency fee, extraordinary loss)
Accounting period in which recognizedFiscal year ending February 2026 (current fiscal year)
Impact on Earnings ForecastReflected in the Consolidated Financial Results Summary [Japanese GAAP] for the fiscal year ending February 2026 disclosed today.
Court or authorityTokyo Metropolitan Environment Public Corporation
OutlookThe extraordinary loss will be reflected in the Consolidated Financial Results Summary [Japanese GAAP] for the fiscal year ending February 2026.
Items this document does not state (16)
Date of occurrenceDate recognized / date notice receivedType of litigation or proceedingPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the changePlanned follow-up disclosure

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.

Some of the past grant application procedures conducted by the consolidated subsidiary 株式会社Aoie were inappropriate, and the company received a notice from the Tokyo Metropolitan Environment Public Corporation confirming the amount to be repaid.

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(Update on Previously Disclosed Matter) Notice Regarding the Recognition of an Extraordinary Loss | CORREC HOLDINGS Inc. (6578) timely disclosure | Komori