The company completed the dissolution and liquidation procedures of its consolidated subsidiary TEAC UK LTD. (UK) on February 17, 2026. This resulted in the reversal of accumulated translation differences and recognition of approximately 322 million yen in gains from the subsidiary liquidation as a separate disclosure item in the consolidated financial statements for the fiscal year ending March 2026.
¥322M
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Summary
The company completed the dissolution and liquidation procedures of its consolidated subsidiary TEAC UK LTD. (UK) on February 17, 2026. This resulted in the reversal of accumulated translation differences and recognition of approximately 322 million yen in gains from the subsidiary liquidation as a separate disclosure item in the consolidated financial statements for the fiscal year ending March 2026.
The company recognized a foreign exchange gain of 91 million yen (86 million yen on a standalone basis) in the third quarter cumulative period of fiscal year ending March 2026, resulting from fluctuations in exchange rates. This event materially impacts the company's and group's financial position, operating results, and cash flow.
¥91M
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Summary
The company recognized a foreign exchange gain of 91 million yen (86 million yen on a standalone basis) in the third quarter cumulative period of fiscal year ending March 2026, resulting from fluctuations in exchange rates. This event materially impacts the company's and group's financial position, operating results, and cash flow.