MORIROKU COMPANY,LTD. [4249.T]
TOKYO, May 14 (Pulse News Wire) – Moriroku Company,ltd. (4249.T) reported a special gain of ¥12.34 billion due to absorption consolidation involving its wholly-owned subsidiaries, Morioku Technology Overseas Holdings Co., Ltd.
And Morioku Chemical Kabushiki Kaisha Overseas Holdings Co., Ltd., effective April 1, 2025. The absorption consolidation involved transferring all operations outside foreign management duties from the two subsidiaries to Moriroku Company.
As a result, the company recognized a gain from the extinguishment of cross-shareholdings amounting to ¥12.34 billion. This gain was recorded as a special item in the individual financial statements for the fiscal year ending March 2026.
The impact of this transaction on the consolidated financial results is neutralized through offsetting entries within the consolidated accounts, meaning there is no effect on the overall consolidated performance metrics such as Operating Profit, Ordinary Profit, or Net Profit.
🟢 Confidence: High AI-translated content.