Recognition of extraordinary loss (impairment loss)
GMB NORTH AMERICA INC.; GMB RUS AUTOMOTIVE LLC (both consolidated subsidiaries of the Company)
U.S. sales location (buildings, etc.); Russian manufacturing location (machinery and equipment, etc.)
The investments were no longer expected to be recoverable due to declining profitability.
Total of ¥1,947 million (recognized as an extraordinary loss). Breakdown: ¥1,818 million for GMB NORTH AMERICA INC. and ¥128 million for GMB RUS AUTOMOTIVE LLC
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
Reflected in the “Consolidated Financial Results for the Fiscal Year Ending March 2026 under Japanese GAAP” released today. No disclosure has been made regarding any revision to the earnings forecast.
The Company will recognize impairment losses on fixed assets of ¥1,947 million as an extraordinary loss for the fiscal year ending March 2026.
| Item | Details |
|---|---|
| Event name | Recognition of extraordinary loss (impairment loss) |
| Subject Entity | GMB NORTH AMERICA INC.; GMB RUS AUTOMOTIVE LLC (both consolidated subsidiaries of the Company) |
| Target Locations / Products | U.S. sales location (buildings, etc.); Russian manufacturing location (machinery and equipment, etc.) |
| Cause | The investments were no longer expected to be recoverable due to declining profitability. |
| Amount of Impact on Business Performance | Total of ¥1,947 million (recognized as an extraordinary loss). Breakdown: ¥1,818 million for GMB NORTH AMERICA INC. and ¥128 million for GMB RUS AUTOMOTIVE LLC |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | Reflected in the “Consolidated Financial Results for the Fiscal Year Ending March 2026 under Japanese GAAP” released today. No disclosure has been made regarding any revision to the earnings forecast. |
| Outlook | The Company will recognize impairment losses on fixed assets of ¥1,947 million as an extraordinary loss for 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 profitability of fixed assets at both consolidated subsidiaries declined, making the investments no longer expected to be recoverable.