Recognition of an extraordinary loss
Kyokuto Boeki Kaisha,Limited (filing company)
Observation equipment installed for wind and ocean condition monitoring operations related to the offshore wind power generation business
The installed observation equipment developed a fault and was taken offline. The cause has not been identified and the equipment has not been restored.
¥736 million (extraordinary loss: loss related to contracted work)
The interim consolidated accounting period of the fiscal year ending March 2027 (1 April 2026 to 30 September 2026)
For the full-year consolidated earnings forecast for the fiscal year ending March 2027, including the recognition of the above extraordinary loss, see the “Notice Concerning Revisions to Earnings Forecasts” announced today.
Company response
Operation of observation equipment and collection of observation data for part of the work covered by this matter
We will proceed with measures involving the relevant parties, beginning with discussions with the party that commissioned the work covered by this matter. We will also take appropriate action with the supplier. We will promptly disclose any matters requiring disclosure, including the incurrence of additional costs.
If any matters requiring disclosure arise in the future, including the incurrence of additional costs, we will promptly disclose them.
| Item | Details |
|---|---|
| Event name | Recognition of an extraordinary loss |
| Subject Entity | Kyokuto Boeki Kaisha,Limited (filing company) |
| Target Locations / Products | Observation equipment installed for wind and ocean condition monitoring operations related to the offshore wind power generation business |
| Cause | The installed observation equipment developed a fault and was taken offline. The cause has not been identified and the equipment has not been restored. |
| Amount of Impact on Business Performance | ¥736 million (extraordinary loss: loss related to contracted work) |
| Accounting period in which recognized | The interim consolidated accounting period of the fiscal year ending March 2027 (1 April 2026 to 30 September 2026) |
| Impact on Earnings Forecast | For the full-year consolidated earnings forecast for the fiscal year ending March 2027, including the recognition of the above extraordinary loss, see the “Notice Concerning Revisions to Earnings Forecasts” announced today. |
| Suspended operations | Operation of observation equipment and collection of observation data for part of the work covered by this matter |
| Outlook | We will proceed with measures involving the relevant parties, beginning with discussions with the party that commissioned the work covered by this matter. We will also take appropriate action with the supplier. We will promptly disclose any matters requiring disclosure, including the incurrence of additional costs. |
| Planned follow-up disclosure | If any matters requiring disclosure arise in the future, including the incurrence of additional costs, we will promptly disclose them. |
Items this document does not state (15)
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.The observation equipment that had been installed developed a fault and was taken offline, making it impossible to obtain the observation data required under the contract. We requested restoration and improvements from the supplier and provided technical support, but the cause could not be identified and the equipment could not be restored. We have determined that it is difficult to establish a prospect of fulfilling the work covered by this matter.