Recognition of an extraordinary loss
VALUE CREATION CO.,LTD. (the filing company)
Goodwill, property, plant and equipment, and receivables from ジー・プラン社
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.
¥180 million (impairment loss on goodwill) and ¥3.722 million (impairment loss on property, plant and equipment). Recognized as an extraordinary loss.
Fiscal year ended February 2026 (1 March 2025 to 28 February 2026)
Company response
Special investigation committee (chairperson and establishment date: not disclosed)
| Item | Details |
|---|---|
| Event name | 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 |
| 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) |
| Investigation structure | Special investigation committee (chairperson and establishment date: not disclosed) |
Items this document does not state (18)
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.