Access forecasts significant losses, directors return stock options

Access Co. Ltd. expects to record 277 million yen in foreign exchange losses and 121 million yen in impairment losses for the first half of the fiscal year ending January 2026 (February 1, 2025 to July 31, 2025). The foreign exchange loss is primarily due to the revaluation of foreign currency-denominated monetary liabilities of overseas subsidiaries. The impairment loss stems from business assets and office equipment acquired by its Network business, including IP Infusion Inc., taking into account performance trends.

Additionally, an extraordinary loss of 62 million yen on extinguishment of stock-based compensation expense was recorded. This follows the voluntary return of stock options and restricted stocks by three directors of Access and its U.S. subsidiary, accepted by the Board of Directors on June 30, 2025, due to improper accounting practices at the U.S. subsidiary.

These non-operating expenses and extraordinary losses are already reflected in the "Consolidated Financial Results for the Six Months Ended July 31, 2025 (Japanese GAAP)" released today. Despite these figures, Access stated that its consolidated business performance forecast for the fiscal year ending January 2026, announced on June 30, 2025, remains unchanged due to the fluctuating nature of foreign exchange gains and losses and future uncertainties.