After the market closed on the 26th, iRidge announced that it would record a ¥73 million extraordinary loss, including a settlement payment, in the second quarter of the fiscal year ending March 2027. The company said there is no litigation and that it aims to reach an early resolution through discussions based on its contract with the customer.
After the market closed on the 26th, iRidge announced that it would record a ¥73 million extraordinary loss, including a settlement payment, in connection with its results for the second quarter of the fiscal year ending March 2027. The costs relate to development and maintenance services commissioned by a customer. Following discussions, the company has agreed to bear the settlement payment within the scope of its responsibility under the outsourcing agreement.
There is no litigation as a legal proceeding. The company said it chose to resolve the matter through discussions in order to reach an early resolution and continue its business relationship with the customer. It has not revised its consolidated earnings forecast for the fiscal year ending March 2027 at this time.