Worth reading
22Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
500
¥ millions (maximum expected amount)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares in Itabashi Boeki Co., Ltd. (making it a subsidiary)Disclosing companyMenicon Co.,Ltd.
Consideration and expenses
Amount of extraordinary income (loss)The Company had planned to recognize up to ¥3,520 million in a lump sum as an extraordinary loss in the fiscal year ending March 2027, but following this change, the amount will be recognized as selling, general and administrative expenses rather than as an extraordinary loss.
Impact on Business Performance
The change is expected to affect operating profit and profit at subsequent levels for the current fiscal year, but no revision will be made to the earnings forecast. The amount is currently being calculated and is expected to be no more than ¥500 million.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in Itabashi Boeki Co., Ltd. (making it a subsidiary) |
| Name of the Subject Company | 板橋貿易株式会社 |
| Amount of extraordinary income (loss) | The Company had planned to recognize up to ¥3,520 million in a lump sum as an extraordinary loss in the fiscal year ending March 2027, but following this change, the amount will be recognized as selling, general and administrative expenses rather than as an extraordinary loss. |
| Impact on Business Performance | The change is expected to affect operating profit and profit at subsequent levels for the current fiscal year, but no revision will be made to the earnings forecast. The amount is currently being calculated and is expected to be no more than ¥500 million. |
Items this document does not state (28)
Counterparty nameBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountDate of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
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.Following a detailed review of the accounting treatment, Ernst & Young ShinNihon LLC expressed the view that the expense should be recognized as selling, general and administrative expenses, as a cost related to operating activities, rather than as an extraordinary loss.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.