Recognition of an Extraordinary Loss and an Income Tax Adjustment (Benefit), and Revisions to the Full-Year Consolidated Earnings Forecast
AUTOBACS SEVEN CO.,LTD. and AUTOBACS FRANCE S.A.S. (specified subsidiary)
AUTOBACS FRANCE S.A.S. and all of its shares
The result of a careful review of the recoverability of deferred tax assets in connection with the share transfer. The extraordinary loss comprises a business restructuring loss and other items arising from the share transfer.
Approximately ¥4.5 billion (deferred tax assets and an income tax adjustment (benefit) expected to be recognized in the interim consolidated accounting period of the fiscal year ending March 2027), and approximately ¥2.3 billion (an extraordinary loss expected to be recognized as a business restructuring loss and other items in the third quarter consolidated accounting period of the fiscal year ending March 2027)
The interim consolidated accounting period and the third quarter consolidated accounting period of the fiscal year ending March 2027
The full-year consolidated earnings forecast has been revised. Profit attributable to owners of the parent has been revised from ¥9,000 million to ¥11,200 million, an increase of ¥2,200 million, or 24.4%. The forecasts for consolidated net sales, consolidated operating profit and consolidated ordinary profit remain unchanged.
The process of transferring all shares in AUTOBACS FRANCE will commence subject to the completion of consultations with the employee representative body of AUTOBACS FRANCE.
| Item | Details |
|---|---|
| Event name | Recognition of an Extraordinary Loss and an Income Tax Adjustment (Benefit), and Revisions to the Full-Year Consolidated Earnings Forecast |
| Date of occurrence | 27 August 2026 (the date on which the commencement of the share transfer process was approved) |
| Date recognized / date notice received | 27 August 2026 (the date on which the Company approved the commencement of the share transfer process) |
| Subject Entity | AUTOBACS SEVEN CO.,LTD. and AUTOBACS FRANCE S.A.S. (specified subsidiary) |
| Target Locations / Products | AUTOBACS FRANCE S.A.S. and all of its shares |
| Cause | The result of a careful review of the recoverability of deferred tax assets in connection with the share transfer. The extraordinary loss comprises a business restructuring loss and other items arising from the share transfer. |
| Amount of Impact on Business Performance | Approximately ¥4.5 billion (deferred tax assets and an income tax adjustment (benefit) expected to be recognized in the interim consolidated accounting period of the fiscal year ending March 2027), and approximately ¥2.3 billion (an extraordinary loss expected to be recognized as a business restructuring loss and other items in the third quarter consolidated accounting period of the fiscal year ending March 2027) |
| Accounting period in which recognized | The interim consolidated accounting period and the third quarter consolidated accounting period of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | The full-year consolidated earnings forecast has been revised. Profit attributable to owners of the parent has been revised from ¥9,000 million to ¥11,200 million, an increase of ¥2,200 million, or 24.4%. The forecasts for consolidated net sales, consolidated operating profit and consolidated ordinary profit remain unchanged. |
| Outlook | The process of transferring all shares in AUTOBACS FRANCE will commence subject to the completion of consultations with the employee representative body of AUTOBACS FRANCE. |
Items this document does not state (15)
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 revision reflects a careful review of the recoverability of deferred tax assets in connection with the share transfer, as well as the expected recognition of a business restructuring loss and other items. The forecasts for consolidated net sales, consolidated operating profit and consolidated ordinary profit have not been changed because the impact of the change in the scope of consolidation is minor, among other factors.