Recognition of an Impairment Loss at a Subsidiary (Consolidated Financial Results) and Recognition of an Additional Provision for Doubtful Accounts at the Company (Non-consolidated Financial Results)
NANKAI PLYWOOD CO.,LTD., consolidated subsidiary NP ROLPIN SAS, and ROLKEM SAS, a wholly owned subsidiary of NP ROLPIN SAS
Fixed assets held by NP ROLPIN SAS, including buildings, machinery and equipment, and loans to NP ROLPIN SAS and ROLKEM SAS
NP ROLPIN SAS: Sales fell below the planned volume due to the economic downturn across Europe, while the recovery in the European economy also slowed, causing production and sales results to fall significantly below the initial plan. ROLKEM SAS: Difficulties in achieving its profit plan due to soaring raw material prices and other factors have continued, and the situation has not materially improved.
Impairment loss of ¥128 million (consolidated; extraordinary loss). Additional provisions for doubtful accounts were ¥677 million for loans to NP ROLPIN SAS and ¥114 million for loans to ROLKEM SAS (non-consolidated). The provisions for doubtful accounts are eliminated in the consolidated financial statements and have no impact on consolidated results.
Fiscal year ending March 2026 (the impairment loss was recognized in the fourth-quarter consolidated accounting period; the provisions for doubtful accounts relate to the negative net worth as of 31 March 2026)
See the “Summary of Financial Results for the Fiscal Year Ended March 2026 [Japanese GAAP] (Consolidated)” released today. The provisions for doubtful accounts are eliminated in the consolidated financial statements and therefore have no impact on consolidated results.
| Item | Details |
|---|---|
| Event name | Recognition of an Impairment Loss at a Subsidiary (Consolidated Financial Results) and Recognition of an Additional Provision for Doubtful Accounts at the Company (Non-consolidated Financial Results) |
| Date of occurrence | Fourth-quarter consolidated accounting period of the fiscal year ending March 2026 (recognition of the impairment loss); as of 31 March 2026 (negative net worth of NP ROLPIN SAS and ROLKEM SAS) |
| Subject Entity | NANKAI PLYWOOD CO.,LTD., consolidated subsidiary NP ROLPIN SAS, and ROLKEM SAS, a wholly owned subsidiary of NP ROLPIN SAS |
| Target Locations / Products | Fixed assets held by NP ROLPIN SAS, including buildings, machinery and equipment, and loans to NP ROLPIN SAS and ROLKEM SAS |
| Cause | NP ROLPIN SAS: Sales fell below the planned volume due to the economic downturn across Europe, while the recovery in the European economy also slowed, causing production and sales results to fall significantly below the initial plan. ROLKEM SAS: Difficulties in achieving its profit plan due to soaring raw material prices and other factors have continued, and the situation has not materially improved. |
| Amount of Impact on Business Performance | Impairment loss of ¥128 million (consolidated; extraordinary loss). Additional provisions for doubtful accounts were ¥677 million for loans to NP ROLPIN SAS and ¥114 million for loans to ROLKEM SAS (non-consolidated). The provisions for doubtful accounts are eliminated in the consolidated financial statements and have no impact on consolidated results. |
| Accounting period in which recognized | Fiscal year ending March 2026 (the impairment loss was recognized in the fourth-quarter consolidated accounting period; the provisions for doubtful accounts relate to the negative net worth as of 31 March 2026) |
| Impact on Earnings Forecast | See the “Summary of Financial Results for the Fiscal Year Ended March 2026 [Japanese GAAP] (Consolidated)” released today. The provisions for doubtful accounts are eliminated in the consolidated financial statements and therefore have no impact on consolidated results. |
Items this document does not state (17)
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.For NP ROLPIN SAS, sales and production results fell below plan and profitability has continued to decline amid the economic downturn across Europe and the slowing recovery. For ROLKEM SAS, achieving its profit plan has been difficult due to soaring raw material prices and other factors, and the situation has not improved.