Ushio to record extraordinary losses in Q1 2026

Ushio (TSE: 6925) announced it expects to record extraordinary losses in the first quarter of fiscal year 2026, primarily due to restructuring initiatives. Approximately JPY2.1 billion will be recorded in both consolidated and standalone financial statements due to the special lump-sum severance payment and outplacement expenses incurred as a result of "Expansion of Second Life Support Program and Special Offering". Furthermore, a review of organizational management within certain overseas consolidated subsidiaries, including personnel reductions aimed at improving profitability, is expected to result in approximately JPY1 billion in business restructuring expenses for the consolidated financial statements. Despite these extraordinary losses, the company confirmed that its consolidated earnings forecast for the fiscal year ending March 2026 remains unchanged from the forecast announced on May 13, 2025.