The original disclosure in Japanese was released on June 18, 2021 at 15:00 (GMT+9)
June 18, 2021
Takara Holdings Inc.
Notice Regarding Incurrence of Extraordinary Loss
Kyoto, Japan—Takara Holdings announces that it expects to incur extraordinary loss in the year ending March 31, 2022. The overview is as detailed below.
1. Incurrence of extraordinary loss and its details
As announced by the Company on May 20, 2021, Takara Shuzo Co., Ltd., a consolidated subsidiary of the Company, has voluntarily recalled some of its products. Accordingly, the Company expects to record extraordinary loss of approximately ¥1.6 billion in its consolidated financial statements for the first quarter of the year ending March 31, 2022.
2. Impact on consolidated financial results
No revision will be made to the financial results forecast as a result of the above recording of extraordinary loss. The Company is currently examining the financial results forecasts for the six months ending September 30, 2021 and the year ending March 31, 2022, including changes in the environment such as the quick recovery of the market for dining establishments overseas. Accordingly, the Company intends to announce the forecasts on August 3, 2021 in the financial results for the first quarter of the year ending March 31, 2022.
