Difference Between Full-Year Consolidated Earnings Forecasts and Actual Results, Recognition of Extraordinary Losses (Consolidated and Non-Consolidated), and Dividend of Surplus (Year-End Dividend and Increase)
The filing company, UNIVANCE CORPORATION, and its consolidated subsidiary 遠州クロム
Part of the Unit Business, the Parts Business, and the 遠州クロム plant site
Foreign exchange rates remained weaker against the yen than assumed in the fourth quarter, the reversal of the provision for product warranties, declining profitability in part of the Unit Business and the Parts Business, a significant decline in the actual value of investment securities, measures to address soil and groundwater contamination at the 遠州クロム plant site, and a change in the soil remediation work plan
Consolidated: impairment loss on fixed assets of ¥1,622 million, valuation loss on investment securities of ¥516 million, environmental measures expense of ¥3 million, provision for environmental measures of ¥667 million, and impairment loss of ¥310 million were each recognized as extraordinary losses. Non-consolidated: provision for doubtful accounts related to subsidiaries and associates of ¥121 million and provision for losses on businesses of subsidiaries and associates of ¥863 million were each recognized as extraordinary losses (eliminated in the consolidated financial statements).
Cumulative consolidated period for the fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
The difference from the earnings forecast announced on 13 February 2026 is disclosed. Actual results were revenue of ¥56,542 million, operating income of ¥5,013 million, ordinary income of ¥5,263 million, and profit attributable to owners of the parent of ¥923 million. Whether the earnings forecast will be revised separately is Not disclosed. The full-year dividend forecast is ¥18 per share.
The year-end dividend proposal will be submitted to the 93rd Annual General Meeting of Shareholders scheduled for 26 June 2026. The effective date of the dividend is 29 June 2026. For 遠州クロム, the soil remediation work plan has been revised to provide for complete excavation after terminating operations.
| Item | Details |
|---|---|
| Event name | Difference Between Full-Year Consolidated Earnings Forecasts and Actual Results, Recognition of Extraordinary Losses (Consolidated and Non-Consolidated), and Dividend of Surplus (Year-End Dividend and Increase) |
| Date of occurrence | 14 May 2026 (the date on which the year-end dividend was approved at a meeting of the Board of Directors held on this date). The extraordinary losses and the difference from the earnings forecast were recognized and finalized in the financial results for the fiscal year ending March 2026, but the individual dates of occurrence are Not disclosed |
| Subject Entity | The filing company, UNIVANCE CORPORATION, and its consolidated subsidiary 遠州クロム |
| Target Locations / Products | Part of the Unit Business, the Parts Business, and the 遠州クロム plant site |
| Cause | Foreign exchange rates remained weaker against the yen than assumed in the fourth quarter, the reversal of the provision for product warranties, declining profitability in part of the Unit Business and the Parts Business, a significant decline in the actual value of investment securities, measures to address soil and groundwater contamination at the 遠州クロム plant site, and a change in the soil remediation work plan |
| Amount of Impact on Business Performance | Consolidated: impairment loss on fixed assets of ¥1,622 million, valuation loss on investment securities of ¥516 million, environmental measures expense of ¥3 million, provision for environmental measures of ¥667 million, and impairment loss of ¥310 million were each recognized as extraordinary losses. Non-consolidated: provision for doubtful accounts related to subsidiaries and associates of ¥121 million and provision for losses on businesses of subsidiaries and associates of ¥863 million were each recognized as extraordinary losses (eliminated in the consolidated financial statements). |
| Accounting period in which recognized | Cumulative consolidated period for the fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | The difference from the earnings forecast announced on 13 February 2026 is disclosed. Actual results were revenue of ¥56,542 million, operating income of ¥5,013 million, ordinary income of ¥5,263 million, and profit attributable to owners of the parent of ¥923 million. Whether the earnings forecast will be revised separately is Not disclosed. The full-year dividend forecast is ¥18 per share. |
| Outlook | The year-end dividend proposal will be submitted to the 93rd Annual General Meeting of Shareholders scheduled for 26 June 2026. The effective date of the dividend is 29 June 2026. For 遠州クロム, the soil remediation work plan has been revised to provide for complete excavation after terminating operations. |
Items this document does not state (16)
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.Revenue, operating income and ordinary income exceeded forecasts due to the foreign exchange translation impact of the weaker yen and the reversal of the provision for product warranties. Net income, however, fell short of the forecast due to impairment losses on fixed assets arising from declining profitability in part of the Unit Business and the Parts Business, a significant decline in the actual value of investment securities, and costs incurred in addressing soil and groundwater contamination at the plant site of 遠州クロム. The dividend increase was based on a comprehensive consideration of the basic profit distribution policy, results for the fiscal year and the Company’s expected financial position going forward.