Impairment loss resulting from the cancellation of a development project at a U.S. subsidiary

「The company had been developing operating assets as part of a development project. However, it ultimately cancelled the development project and determined that there were no prospective alternative uses and that selling the assets to another party would be difficult. Accordingly, the full carrying amount of the assets, for which recoverability was not recognized, was recorded as an impairment loss of ¥272 million under extraordinary losses.」