Differences between full-year consolidated and non-consolidated earnings forecasts and actual results for the fiscal year ending March 2026, and recognition of an extraordinary loss in non-consolidated financial statements
株式会社ASNOVA (the filing company) and its consolidated subsidiary, ASNOVA VIETNAM CO.,LTD
Domestic rental-related business, rental assets, and ASNOVA VIETNAM CO.,LTD
In the domestic rental-related business, the recovery from delays in the start of construction was slower than expected, delaying the shipment of rental assets. Uncertainty is expected regarding the recoverability of receivables from certain business partners and loans to ASNOVA VIETNAM CO.,LTD.
The differences from the consolidated earnings forecast were net sales: down ¥17 million, operating profit: down ¥10 million, ordinary profit: down ¥19 million, and net income attributable to owners of the parent: ¥0 million. The differences from the non-consolidated earnings forecast were net sales: down ¥356 million, ordinary profit: down ¥236 million, and net income: down ¥345 million. A ¥16 million provision for doubtful accounts was recorded, and in the non-consolidated financial statements, a ¥198 million provision for doubtful accounts was recorded as an extraordinary loss. The non-consolidated extraordinary loss has no impact on consolidated results.
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
Differences arose between the full-year consolidated and non-consolidated earnings forecasts and actual results for the fiscal year ending March 2026. The non-consolidated extraordinary loss is fully eliminated on consolidation and therefore has no impact on consolidated results.
ASNOVA VIETNAM CO.,LTD is focusing on sales activities with the aim of achieving profitability in fiscal 2030, but is currently in the investment phase.
| Item | Details |
|---|---|
| Event name | Differences between full-year consolidated and non-consolidated earnings forecasts and actual results for the fiscal year ending March 2026, and recognition of an extraordinary loss in non-consolidated financial statements |
| Subject Entity | 株式会社ASNOVA (the filing company) and its consolidated subsidiary, ASNOVA VIETNAM CO.,LTD |
| Target Locations / Products | Domestic rental-related business, rental assets, and ASNOVA VIETNAM CO.,LTD |
| Cause | In the domestic rental-related business, the recovery from delays in the start of construction was slower than expected, delaying the shipment of rental assets. Uncertainty is expected regarding the recoverability of receivables from certain business partners and loans to ASNOVA VIETNAM CO.,LTD. |
| Amount of Impact on Business Performance | The differences from the consolidated earnings forecast were net sales: down ¥17 million, operating profit: down ¥10 million, ordinary profit: down ¥19 million, and net income attributable to owners of the parent: ¥0 million. The differences from the non-consolidated earnings forecast were net sales: down ¥356 million, ordinary profit: down ¥236 million, and net income: down ¥345 million. A ¥16 million provision for doubtful accounts was recorded, and in the non-consolidated financial statements, a ¥198 million provision for doubtful accounts was recorded as an extraordinary loss. The non-consolidated extraordinary loss has no impact on consolidated results. |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | Differences arose between the full-year consolidated and non-consolidated earnings forecasts and actual results for the fiscal year ending March 2026. The non-consolidated extraordinary loss is fully eliminated on consolidation and therefore has no impact on consolidated results. |
| Outlook | ASNOVA VIETNAM CO.,LTD is focusing on sales activities with the aim of achieving profitability in fiscal 2030, but is currently in the investment phase. |
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.In the domestic rental-related business, the recovery from delays in the start of construction was slower than expected, delaying the shipment of rental assets and causing rental revenue to fall below forecast. In addition, after assessing the recoverability of receivables from certain business partners, a ¥16 million provision for doubtful accounts was recorded. In the non-consolidated financial statements, ASNOVA VIETNAM CO.,LTD is in the investment phase, and a certain degree of uncertainty is expected regarding the recoverability of loans to the company. Accordingly, ¥198 million was recorded as an extraordinary loss.