The document this correction applies to
Timely disclosureWhat was corrected and how
A subsequent correction by the company to the contents of an already published filing.
Notice Regarding the Recording of Non-operating Expenses and Extraordinary Losses, and Differences Between Consolidated Earnings Forecasts and Actual Results
Open the original documentThe "Land Revaluation Reserve," "Deferred Tax Liabilities Related to Revaluation" and "Retained Earnings" lines in the consolidated balance sheet; the "Deferred Income Taxes" line in the consolidated income statement; and the "Actual Results (B)" and "Change (B−A)" columns in the table showing the difference between the consolidated earnings forecast and actual results for the fiscal year ending March 2026
Actual Results (B) · Net Income Attributable to Owners of the Parent −¥1,644 million / Actual Results (B) · Net Income per Share −¥73.46 / Change (B−A) · Net Income Attributable to Owners of the Parent −¥674 million
Actual Results (B) · Net Income Attributable to Owners of the Parent −¥1,622 million / Actual Results (B) · Net Income per Share −¥72.47 / Change (B−A) · Net Income Attributable to Owners of the Parent −¥652 million
Net loss attributable to owners of the parent was corrected. The amount of the impairment loss recognized was not affected, and no correction was made to the recognition of non-operating expenses and extraordinary losses.
Following the disclosure of the earnings report summary, an error was identified during the preparation of the Annual Securities Report in the "Land Revaluation Reserve" line of the consolidated balance sheet for the consolidated financial results for the fiscal year ending March 2026. The error resulted from failing to reduce the land revaluation reserve by the amount released in connection with the recognition of an impairment loss.
| Item | Details |
|---|---|
| Disclosure subject to correction | Notice Regarding the Recording of Non-operating Expenses and Extraordinary Losses, and Differences Between Consolidated Earnings Forecasts and Actual Results |
| Original disclosure date | 14 May 2026 |
| Location of correction | The "Land Revaluation Reserve," "Deferred Tax Liabilities Related to Revaluation" and "Retained Earnings" lines in the consolidated balance sheet; the "Deferred Income Taxes" line in the consolidated income statement; and the "Actual Results (B)" and "Change (B−A)" columns in the table showing the difference between the consolidated earnings forecast and actual results for the fiscal year ending March 2026 |
| Details of correction | Actual Results (B) · Net Income Attributable to Owners of the Parent −¥1,644 million / Actual Results (B) · Net Income per Share −¥73.46 / Change (B−A) · Net Income Attributable to Owners of the Parent −¥674 million → Actual Results (B) · Net Income Attributable to Owners of the Parent −¥1,622 million / Actual Results (B) · Net Income per Share −¥72.47 / Change (B−A) · Net Income Attributable to Owners of the Parent −¥652 million |
| Reason for correction | Following the disclosure of the earnings report summary, an error was identified during the preparation of the Annual Securities Report in the "Land Revaluation Reserve" line of the consolidated balance sheet for the consolidated financial results for the fiscal year ending March 2026. The error resulted from failing to reduce the land revaluation reserve by the amount released in connection with the recognition of an impairment loss. |
| Impact on Business Performance | Net loss attributable to owners of the parent was corrected. The amount of the impairment loss recognized was not affected, and no correction was made to the recognition of non-operating expenses and extraordinary losses. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.An error was identified during the preparation of the Annual Securities Report: the amount released from the land revaluation reserve, which should have been recorded in connection with the recognition of an impairment loss, had not been reduced. Accordingly, the related balance sheet and income statement items, as well as net loss attributable to owners of the parent, were corrected.