Recognition of Extraordinary Gain (Gain on Extinguishment of Shares in Merger) Resulting from Absorption-Type Merger of a Subsidiary
KYOKUTO KAIHATSU KOGYO CO.,LTD. and its wholly owned subsidiary, 極東開発パーキング株式会社
On the effective date of the merger, a difference arose between the amount of net assets received from the merged company and the carrying amount of the shares in that company held by the Company.
¥2,759 million (extraordinary gain in the non-consolidated financial results)
Fiscal year ending March 2027 non-consolidated financial statements
The Company will recognize a gain on extinguishment of shares in merger of ¥2,759 million as an extraordinary gain in its non-consolidated financial results for the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Event name | Recognition of Extraordinary Gain (Gain on Extinguishment of Shares in Merger) Resulting from Absorption-Type Merger of a Subsidiary |
| Date of occurrence | 1 April 2026 (effective date of the merger) |
| Subject Entity | KYOKUTO KAIHATSU KOGYO CO.,LTD. and its wholly owned subsidiary, 極東開発パーキング株式会社 |
| Cause | On the effective date of the merger, a difference arose between the amount of net assets received from the merged company and the carrying amount of the shares in that company held by the Company. |
| Amount of Impact on Business Performance | ¥2,759 million (extraordinary gain in the non-consolidated financial results) |
| Accounting period in which recognized | Fiscal year ending March 2027 non-consolidated financial statements |
| Outlook | The Company will recognize a gain on extinguishment of shares in merger of ¥2,759 million as an extraordinary gain in its non-consolidated financial results for the fiscal year ending March 2027. |
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.This resulted from the difference between the amount of net assets received through the absorption-type merger and the carrying amount of the shares in the subsidiary held by the Company.