Tanaka Seimitsu Kogyo (7218) · RiskMaterialised
Cancellation of the North American Electric Vehicle Development Plan
First written in FY2026. 2 of 2 entries say "Materialised", first in 2026-05-14. Latest entry: FY2026.
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Loss on disposal of construction in progress following cancellation of the North American electric vehicle development planA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2026MaterialisedAnnual report
「In response to the cancellation of the North American electric vehicle development plan, the company wrote off ¥757 million in construction in progress during the current consolidated fiscal year.」
The cancellation of the North American electric vehicle development plan occurred, resulting in the write-off of ¥757 million in construction in progress and the recognition of a ¥757.46 million loss on disposal of property, plant and equipment. - 2026-05-14MaterialisedOccurring Fact
「Following the cancellation by a major customer of its North American electric vehicle development plan, we wrote off the fixed assets held in connection with the project during the consolidated fiscal year under review because they are no longer expected to be used, and recorded the resulting loss on disposal as an extraordinary loss.」
The cancellation of a major customer's North American electric vehicle development plan eliminated the expected use of the related fixed assets, resulting in an actual loss on disposal of ¥778 million. Discussions are under way regarding the contractual terms and other matters. Although recovery may be possible, the amount and timing cannot be reasonably estimated and have not been reflected in the earnings forecast.