Mitsui DM Sugar Co.,Ltd. [2109.T]
TOKYO, Apr 21 (Pulse News Wire) – Mitsui DM Sugar CO.,LTD. (2109.T) reported that it expects to record a provision for impairment loss related to a loan to its subsidiary, SIS’88 Pte Ltd, amounting to ¥4.116 billion for the fiscal year ending March 31, 2026.
The impairment loss will be recognized as a special loss item in the individual financial statements. However, since SIS’88 Pte Ltd is a consolidated subsidiary, the impact on the consolidated financial results for the fiscal year ending March 31, 2026, will be eliminated through consolidation and therefore will not affect the overall performance metrics.
This provision reflects the company's assessment of potential risks associated with the loan to SIS’88 Pte Ltd and is aimed at ensuring accurate representation of financial health and risk management.
🟢 Confidence: High AI-translated content.