Results of Initiatives at the Company's Consolidated Subsidiaries in China in Connection with the Promotion of Revenue Structure Reform and Recognition of Extraordinary Losses
大連原田工業有限公司 and 上海原田新汽車天線有限公司 (both consolidated subsidiaries of the Company), and the filing company that resolved to waive the receivable
大連原田工業有限公司 and 上海原田新汽車天線有限公司. The address of 上海原田新汽車天線有限公司 is No. 333, Jinyuan 2nd Road, Jiangqiao Town, Jiading District, Shanghai, People's Republic of China
To optimize the workforce as part of the revenue structure reform. The receivable waiver is intended to strengthen the financial foundation of 上海原田新汽車天線有限公司
Approximately ¥559 million in special retirement allowances, economic compensation payments and other costs associated with the workforce optimization is expected to be recognized as an extraordinary loss under business structure improvement expenses. Approximately ¥339 million related to the receivable waiver is expected to be recognized as an extraordinary loss in the Company's non-consolidated financial statements for the fiscal year ending March 2026, and will be eliminated in the consolidated financial statements
Fiscal year ending March 2026
大連原田工業有限公司 is expected to complete the retirement procedures in stages by 30 November 2026, while 上海原田新汽車天線有限公司 is expected to complete them by 30 June 2026. The procedures will be carried out in accordance with the applicable laws and regulations, and departing employees will receive special retirement allowances or economic compensation payments. The prescribed extraordinary losses are expected to be recognized in the fiscal year ending March 2026
| Item | Details |
|---|---|
| Event name | Results of Initiatives at the Company's Consolidated Subsidiaries in China in Connection with the Promotion of Revenue Structure Reform and Recognition of Extraordinary Losses |
| Date of occurrence | 31 March 2026 (the date on which the receivable waiver was implemented; the date of the Board of Directors' resolution was also 31 March 2026) |
| Subject Entity | 大連原田工業有限公司 and 上海原田新汽車天線有限公司 (both consolidated subsidiaries of the Company), and the filing company that resolved to waive the receivable |
| Target Locations / Products | 大連原田工業有限公司 and 上海原田新汽車天線有限公司. The address of 上海原田新汽車天線有限公司 is No. 333, Jinyuan 2nd Road, Jiangqiao Town, Jiading District, Shanghai, People's Republic of China |
| Cause | To optimize the workforce as part of the revenue structure reform. The receivable waiver is intended to strengthen the financial foundation of 上海原田新汽車天線有限公司 |
| Amount of Impact on Business Performance | Approximately ¥559 million in special retirement allowances, economic compensation payments and other costs associated with the workforce optimization is expected to be recognized as an extraordinary loss under business structure improvement expenses. Approximately ¥339 million related to the receivable waiver is expected to be recognized as an extraordinary loss in the Company's non-consolidated financial statements for the fiscal year ending March 2026, and will be eliminated in the consolidated financial statements |
| Accounting period in which recognized | Fiscal year ending March 2026 |
| Outlook | 大連原田工業有限公司 is expected to complete the retirement procedures in stages by 30 November 2026, while 上海原田新汽車天線有限公司 is expected to complete them by 30 June 2026. The procedures will be carried out in accordance with the applicable laws and regulations, and departing employees will receive special retirement allowances or economic compensation payments. The prescribed extraordinary losses are expected to be recognized in the fiscal year ending March 2026 |
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.The workforce optimization will be carried out as part of the revenue structure reform, while the receivable waiver is intended to strengthen the financial foundation of 上海原田新汽車天線有限公司.