Recognition of impairment losses
Tokyo Century Corporation
Fixed assets related to the biomass co-firing power generation business
Following a review of future business plans in light of the recent business environment, the earnings initially projected are no longer expected to be achieved
¥70.1 billion (impairment loss and extraordinary loss in the consolidated financial statements); ¥60 billion (provision for doubtful accounts and other items in the non-consolidated financial statements)
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
No change from the forecast of ¥100 billion in net income attributable to owners of the parent announced on 7 November 2025
The company expects to recognize an impairment loss and provision for doubtful accounts and other items in its non-consolidated financial statements for the fiscal year ending March 2026
| Item | Details |
|---|---|
| Event name | Recognition of impairment losses |
| Subject Entity | Tokyo Century Corporation |
| Target Locations / Products | Fixed assets related to the biomass co-firing power generation business |
| Cause | Following a review of future business plans in light of the recent business environment, the earnings initially projected are no longer expected to be achieved |
| Amount of Impact on Business Performance | ¥70.1 billion (impairment loss and extraordinary loss in the consolidated financial statements); ¥60 billion (provision for doubtful accounts and other items in the non-consolidated financial statements) |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | No change from the forecast of ¥100 billion in net income attributable to owners of the parent announced on 7 November 2025 |
| Outlook | The company expects to recognize an impairment loss and provision for doubtful accounts and other items in its non-consolidated financial statements for the fiscal year ending March 2026 |
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.Following a review of future business plans in light of the recent business environment, the earnings initially projected are no longer expected to be achieved. As the reason for leaving its earnings forecast unchanged, the company states that the recording of gains on the sale of assets in each segment and other items is progressing steadily and above the initial plan.