Recognition of extraordinary gains and losses in non-consolidated financial statements and other income and expenses in consolidated financial statements (IFRS)
Panasonic Holdings Corporation (non-consolidated financial statements) and the Panasonic Holdings Group (consolidated financial statements). The company concerned is Panasonic Housing Solutions Co., Ltd. (PHS).
Panasonic Housing Solutions Co., Ltd. (PHS) and the global workforce
The Company individually assessed the recoverability of loans to affiliates in connection with the partial sale of PHS and other matters, recognized the amount expected to be unrecoverable, and sought to optimize its global workforce through group management reforms and other measures.
Non-consolidated financial statements: ¥104.8 billion gain on the sale of shares in an affiliate (extraordinary gain) and ¥104.2 billion provision for allowance for doubtful accounts on loans to affiliates (extraordinary loss). Consolidated financial statements (IFRS): ¥76.1 billion in gain or loss related to the transfer of PHS shares (gain, other income and expenses) and ¥157.4 billion in early retirement lump-sum payments (expense, other income and expenses). The provision for allowance for doubtful accounts on loans to affiliates is eliminated in the consolidated financial statements and has no impact on consolidated results.
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
¥104.2 billion (amount expected to be unrecoverable from loans to affiliates; counterparty name: Not disclosed)
| Item | Details |
|---|---|
| Event name | Recognition of extraordinary gains and losses in non-consolidated financial statements and other income and expenses in consolidated financial statements (IFRS) |
| Subject Entity | Panasonic Holdings Corporation (non-consolidated financial statements) and the Panasonic Holdings Group (consolidated financial statements). The company concerned is Panasonic Housing Solutions Co., Ltd. (PHS). |
| Target Locations / Products | Panasonic Housing Solutions Co., Ltd. (PHS) and the global workforce |
| Cause | The Company individually assessed the recoverability of loans to affiliates in connection with the partial sale of PHS and other matters, recognized the amount expected to be unrecoverable, and sought to optimize its global workforce through group management reforms and other measures. |
| Amount of Impact on Business Performance | Non-consolidated financial statements: ¥104.8 billion gain on the sale of shares in an affiliate (extraordinary gain) and ¥104.2 billion provision for allowance for doubtful accounts on loans to affiliates (extraordinary loss). Consolidated financial statements (IFRS): ¥76.1 billion in gain or loss related to the transfer of PHS shares (gain, other income and expenses) and ¥157.4 billion in early retirement lump-sum payments (expense, other income and expenses). The provision for allowance for doubtful accounts on loans to affiliates is eliminated in the consolidated financial statements and has no impact on consolidated results. |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Amount of receivables at risk of non-collection or delayed collection | ¥104.2 billion (amount expected to be unrecoverable from loans to affiliates; counterparty name: Not disclosed) |
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.The reasons were the partial sale of PHS and other factors, the individual assessment of the recoverability of loans to affiliates, and efforts to optimize the global workforce through group management reforms and other measures.