TOKYO, May 15 (Pulse News Wire) – Ikuyo CO.,LTD. (7273.T) reported a tax adjustment loss of ¥1.837 billion due to special gains from the land transfer of its Hakumachi factory in the fiscal year ending March 2026.
The company applied specific provisions under the Tax Law and the Special Tax Measures Act to account for the profit generated from the land sale, resulting in the recognition of a tax adjustment loss. The impact of this tax adjustment has already been reflected in the company's consolidated financial results for the fiscal year ended March 2026, which were released today.
The adjustment was made based on the application of Article 65, Paragraph 8 of the Special Tax Measures Act and Article 54 of the Corporate Tax Law, which allowed for the establishment of a special reserve fund related to the asset transfer. This tax adjustment does not affect the previously disclosed operating profit, ordinary profit, or net profit figures for the fiscal year.
Investors should note that while the overall financial performance remains unchanged, the tax implications of the land transaction have been properly accounted for in the latest financial statements.
🟡 Confidence: Standard AI-translated content.