Notice Regarding the Recording of Extraordinary Loss
Japan Communications Inc., and its consolidated subsidiaries my FinTech株式会社 and JCI Europe Communications Limited
Business assets held by my FinTech株式会社, and shares in my FinTech株式会社 and JCI Europe Communications Limited held by the Company
my FinTech株式会社 had continued to incur operating losses since preceding fiscal years, and indications of impairment were identified. For JCI Europe Communications Limited, the Company considered the future recoverability of its investment in light of the operating losses incurred in preceding fiscal years.
Consolidated: ¥215 million (impairment loss, extraordinary loss). Non-consolidated: ¥613 million (loss on valuation of shares in subsidiaries and associates, extraordinary loss; eliminated in the consolidated financial statements)
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
| Item | Details |
|---|---|
| Event name | Notice Regarding the Recording of Extraordinary Loss |
| Subject Entity | Japan Communications Inc., and its consolidated subsidiaries my FinTech株式会社 and JCI Europe Communications Limited |
| Target Locations / Products | Business assets held by my FinTech株式会社, and shares in my FinTech株式会社 and JCI Europe Communications Limited held by the Company |
| Cause | my FinTech株式会社 had continued to incur operating losses since preceding fiscal years, and indications of impairment were identified. For JCI Europe Communications Limited, the Company considered the future recoverability of its investment in light of the operating losses incurred in preceding fiscal years. |
| Amount of Impact on Business Performance | Consolidated: ¥215 million (impairment loss, extraordinary loss). Non-consolidated: ¥613 million (loss on valuation of shares in subsidiaries and associates, extraordinary loss; eliminated in the consolidated financial statements) |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
Items this document does not state (19)
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.my FinTech株式会社 had incurred operating losses over several preceding fiscal years, and indications of impairment were identified. With respect to JCI Europe Communications Limited, the Company recognized a loss on the valuation of shares after considering the future recoverability of its investment in light of the operating losses incurred in preceding fiscal years.