Harima Chemicals Books Extraordinary Gain and Impairment Loss on Subsidiary Assets

An announcement from Harima Chemicals Group, Inc. ( (JP:4410) ) is now available.

Harima Chemicals Group has reported extraordinary items for the fiscal year ended March 31, 2026, stemming from asset transactions at a consolidated subsidiary. The company booked a ¥321 million gain on the sale of former employees’ dormitory land in Kakogawa City, Hyogo Prefecture, after selling the property held by Harima Trading, Inc.

At the same time, Harima recognized a ¥300 million impairment loss on a golf course and hotel in Mimasaka City, Okayama Prefecture, also owned by Harima Trading, after concluding that investment recovery would be difficult. The net realizable value-based write-down and the land sale gain have already been incorporated into the consolidated financial results highlights for the latest fiscal year.

More about Harima Chemicals Group, Inc.

Harima Chemicals Group, Inc. is a Japan-based chemical manufacturer listed on the Tokyo Stock Exchange Prime Market under code 4410. Through subsidiaries such as Harima Trading, Inc., the group manages various assets including real estate, and operates businesses that extend beyond core chemical production into asset management and related activities.

Average Trading Volume: 67,273

Technical Sentiment Signal: Buy

Current Market Cap: Yen22.72B

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