TOKYO, May 14 (Pulse News Wire) – AXEL MARK INC. (3624.T) reported significant extraordinary charges impacting its second quarter results ending September 2026.
The company recorded investment losses of ¥11 million as part of non-operating expenses and special losses totaling ¥37 million individually and ¥7 million consolidated due to the sale of shares in subsidiary Spiral Sense Kabushiki Kaisha. Additionally, AXEL MARK INC. recognized provisions for doubtful debts amounting to ¥30 million related to loans to Spiral Sense Kabushiki Kaisha and ¥64 million concerning loans to Wellness More Laboratories Co., Ltd.
And its CEO. A provision of ¥21 million was also made against a loan to another subsidiary, Akuserumedika Kabushiki Kaisha, which had no impact on consolidated earnings due to offsetting. Regarding tax adjustments, the company increased deferred tax assets for its subsidiary Crafty Corp., leading to a tax adjustment benefit of ¥8 million for the second quarter, bringing the cumulative tax adjustment benefit for the period to ¥17 million.
🟢 Confidence: High AI-translated content.