Recognition of Extraordinary Income (Gain on Sale of Fixed Assets) and Extraordinary Losses (Loss on Reduction of Fixed Assets and Impairment Loss)
Kurashiki Royal Art Hotel Co., Ltd., a consolidated subsidiary of Striders Corporation
The hotel real estate held by Kurashiki Royal Art Hotel Co., Ltd., the hotel-related business operated by the company, and the goodwill relating to that business
The transfer of the hotel real estate and hotel-related business, application of tax accounting for the replacement assets, and assessment of the recoverability of goodwill arising from the transfer of the hotel-related business
A gain on the sale of fixed assets of ¥803.901 million was recognized as extraordinary income, while a loss on the reduction of fixed assets of ¥657.168 million and an impairment loss of ¥64.977 million were recognized as extraordinary losses
First quarter of the fiscal year ending March 2027
See the “Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 under Japanese GAAP” announced today
For the impact on financial results and other details, see the “Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 under Japanese GAAP” announced today
| Item | Details |
|---|---|
| Event name | Recognition of Extraordinary Income (Gain on Sale of Fixed Assets) and Extraordinary Losses (Loss on Reduction of Fixed Assets and Impairment Loss) |
| Date of occurrence | 31 July 2026 (recognition date) |
| Subject Entity | Kurashiki Royal Art Hotel Co., Ltd., a consolidated subsidiary of Striders Corporation |
| Target Locations / Products | The hotel real estate held by Kurashiki Royal Art Hotel Co., Ltd., the hotel-related business operated by the company, and the goodwill relating to that business |
| Cause | The transfer of the hotel real estate and hotel-related business, application of tax accounting for the replacement assets, and assessment of the recoverability of goodwill arising from the transfer of the hotel-related business |
| Amount of Impact on Business Performance | A gain on the sale of fixed assets of ¥803.901 million was recognized as extraordinary income, while a loss on the reduction of fixed assets of ¥657.168 million and an impairment loss of ¥64.977 million were recognized as extraordinary losses |
| Accounting period in which recognized | First quarter of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | See the “Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 under Japanese GAAP” announced today |
| Outlook | For the impact on financial results and other details, see the “Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 under Japanese GAAP” announced today |
Items this document does not state (16)
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.The reasons were the gain on the sale of the hotel real estate, the application of tax accounting for the replacement assets acquired in connection with the transfer, and an assessment of the recoverability of goodwill arising from the transfer of the hotel-related business. The amount of the gain on sale was finalized following a detailed review of the accounting treatment and confirmation of the carrying amount and other details of the transferred assets.