Receipt of subsidy
Sanwa Tesco Co., Ltd. (the Company’s consolidated subsidiary)
Factory construction and other expenses related to the subcritical water treatment equipment business
Following its selection for the “Large-Scale Growth Investment Subsidy for Labor-Saving Measures and Other Initiatives to Support Wage Increases at Mid-Sized and Small Enterprises,” the required application procedures for the subsidy were completed.
¥200 million. The amount is currently recorded as funds received on account and is scheduled to be transferred to extraordinary income when the buildings and other assets are placed into service.
Third-quarter accounting period of the fiscal year ending August 2026 (expected)
The impact on the full-year consolidated earnings forecast for the fiscal year ending August 2026 is currently under review.
The funds received on account are scheduled to be transferred to extraordinary income when the buildings and other assets are placed into service. Extraordinary income is expected to be recognized in the third-quarter accounting period of the fiscal year ending August 2026. If any matter requiring disclosure arises, the Company will promptly make an announcement.
The company will promptly announce any matters requiring disclosure that arise in the future.
| Item | Details |
|---|---|
| Event name | Receipt of subsidy |
| Date of occurrence | 30 March 2026 (date the subsidy was received) |
| Date recognized / date notice received | 30 March 2026 (date the payment was received) |
| Subject Entity | Sanwa Tesco Co., Ltd. (the Company’s consolidated subsidiary) |
| Target Locations / Products | Factory construction and other expenses related to the subcritical water treatment equipment business |
| Cause | Following its selection for the “Large-Scale Growth Investment Subsidy for Labor-Saving Measures and Other Initiatives to Support Wage Increases at Mid-Sized and Small Enterprises,” the required application procedures for the subsidy were completed. |
| Amount of Impact on Business Performance | ¥200 million. The amount is currently recorded as funds received on account and is scheduled to be transferred to extraordinary income when the buildings and other assets are placed into service. |
| Accounting period in which recognized | Third-quarter accounting period of the fiscal year ending August 2026 (expected) |
| Impact on Earnings Forecast | The impact on the full-year consolidated earnings forecast for the fiscal year ending August 2026 is currently under review. |
| Outlook | The funds received on account are scheduled to be transferred to extraordinary income when the buildings and other assets are placed into service. Extraordinary income is expected to be recognized in the third-quarter accounting period of the fiscal year ending August 2026. If any matter requiring disclosure arises, the Company will promptly make an announcement. |
| Planned follow-up disclosure | The company will promptly announce any matters requiring disclosure that arise in the future. |
Items this document does not state (14)
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 its selection for the “Large-Scale Growth Investment Subsidy for Labor-Saving Measures and Other Initiatives to Support Wage Increases at Mid-Sized and Small Enterprises,” the required application procedures for the subsidy were completed.