Development of a New EV at CATERHAM
First written in FY2026. . Latest entry: FY2026.
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- FY2026First statedAnnual report
「During the consolidated fiscal year, the company promoted the development of a new EV at CATERHAM in the UK with the aim of expanding its mobility business. The work primarily involved vehicle design and development, verification of performance and safety, and development of related technologies. As a result, total research and development expenses for the consolidated fiscal year amounted to ¥1,125 million.」
CATERHAM advanced the design and development of a new EV, performance and safety verification, and related technology development to expand its mobility business, recording research and development expenses of ¥1,125 million. - 2026-05-11First statedRevision of earnings forecasts
「With respect to the development of a new EV, a project being advanced by one of our subsidiaries, we comprehensively considered the requirements for capitalizing assets and other factors. As a result, we decided not to capitalize the ¥1,124 million in expenditure related to the project as fixed assets, but to recognize the entire amount as research and development expenses in the current fiscal year.」
For the new EV development project being advanced by a subsidiary, the policy of recognizing ¥1,124 million of expenditure entirely as research and development expenses for the current fiscal year, rather than capitalizing it as fixed assets, was disclosed for the first time.