Recognition of Deferred Tax Assets in Connection with the Transfer of ZEエナジー and Waiver of Receivables

「As a result of the transfer of the shares and the debt forgiveness, the valuation loss on shares in an affiliated company and the allowance for doubtful accounts, which had been recorded as extraordinary losses in prior fiscal years and treated as tax add-backs, are expected to become tax-deductible in the current fiscal year. Accordingly, deferred tax assets will be recognized for the portion deemed recoverable, reducing income taxes—deferred by ¥117 million and increasing net income attributable to owners of the parent by ¥117 million.」