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Occurring Fact9238VALUE CREATION CO.,LTD.Information and Communications, Services and Others

Notice Regarding the Recording of Extraordinary Loss

In the financial results for the fiscal year ended February 2026, the company recognized impairment losses of ¥180 million on goodwill and ¥3.722 million on property, plant and equipment, totaling ¥183.722 million, as an extraordinary loss. An operating loss also arose due to the cancellation of sales and a review of the accounting treatment associated with fictitious circular transactions involving a major business partner.

Worth reading
47Recurring
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Direction
Deterioration
Direction inferred from the company’s description.
Scale
183722
¥ thousand
Wording
Definitive
How definitive the wording is.

Recognition of an extraordinary loss

Subject Entity

VALUE CREATION CO.,LTD. (the filing company)

Target Locations / Products

Goodwill, property, plant and equipment, and receivables from ジー・プラン社

This disclosure05/29/2026
Cause

Fictitious circular transactions were identified in certain transactions involving a major business partner, making it necessary to correct sales and review the accounting treatment, including that for prior fiscal years.

Amount of Impact on Business Performance

¥180 million (impairment loss on goodwill) and ¥3.722 million (impairment loss on property, plant and equipment). Recognized as an extraordinary loss.

Accounting period in which recognized

Fiscal year ended February 2026 (1 March 2025 to 28 February 2026)

Company response

Investigation structure

Special investigation committee (chairperson and establishment date: not disclosed)

Event that occurred
ItemDetails
Event nameRecognition of an extraordinary loss
Subject EntityVALUE CREATION CO.,LTD. (the filing company)
Target Locations / ProductsGoodwill, property, plant and equipment, and receivables from ジー・プラン社
CauseFictitious circular transactions were identified in certain transactions involving a major business partner, making it necessary to correct sales and review the accounting treatment, including that for prior fiscal years.
Amount of Impact on Business Performance¥180 million (impairment loss on goodwill) and ¥3.722 million (impairment loss on property, plant and equipment). Recognized as an extraordinary loss.
Accounting period in which recognizedFiscal year ended February 2026 (1 March 2025 to 28 February 2026)
Investigation structureSpecial investigation committee (chairperson and establishment date: not disclosed)
Items this document does not state (18)
Date of occurrenceDate recognized / date notice receivedImpact on Earnings ForecastType of litigation or proceedingCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the changeOutlookPlanned follow-up disclosure

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.

Fictitious circular transactions were identified in certain transactions involving a major business partner, making it necessary to correct sales and review the accounting treatment, including that for prior fiscal years. Specifically, an operating loss arose from the cancellation of the related sales, their reclassification as non-operating income, and the cancellation of sales corresponding to ¥215 million in receivables from ジー・プラン社. As a result, the company recognized impairment losses on goodwill and property, plant and equipment.

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Notice Regarding the Recording of Extraordinary Loss | VALUE CREATION CO.,LTD. (9238) timely disclosure | Komori