Terra Drone Corporation [278A.T]
TOKYO, May 22 (Pulse News Wire) – Terra Drone Corporation (278A.T) reported its fifth update on the fire incident at its subsidiary PT. Terra Drone Indonesia, which occurred on December 9, 2025.
The fire resulted in the deaths of 22 local employees and injuries to 15 others. As of January 2026, compensation payments have been completed for 20 families of the deceased, while the remaining two families are still being negotiated with The cause of the fire was identified as a battery improperly handled by a company employee, leading to a drop and subsequent ignition. Local authorities found deficiencies in safety equipment and evacuation routes within the building.
Compensation efforts continue, and operations have resumed at alternative sites. Terra Drone Indonesia, received a prison sentence of one year and four months on May 21, 2026, for causing death through negligence. The impact on consolidated performance for the fiscal year ending January 2026 has been accounted for within the previously disclosed forecast range.
There are currently no anticipated effects on the fiscal year ending January 2027 forecasts.
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