Air Water delays earnings, probes accounting issues

Air Water Inc. declared an interim dividend of 37.50 yen per share for the fiscal year ending March 2026, totaling 8,596 million yen, consistent with previous expectations. This dividend will be paid on December 8, 2025, with a record date of September 30, 2025. The company also confirmed its full-year dividend forecast of 75.00 yen per share.

Concurrently, Air Water announced the establishment of a "Management Reform Committee" on November 13, 2025, in response to identified inappropriate accounting treatments, including the deferral of losses at several consolidated subsidiaries. The committee, comprising external experts and internal stakeholders, aims to reform management control systems and prevent recurrence.

Due to the ongoing investigation by this committee, Air Water has postponed its second-quarter financial results announcement and submitted an application to extend the filing deadline for its semi-annual securities report to February 13, 2026, from the original November 14, 2025. The estimated impact of the accounting issues is approximately 2.5 billion yen across four cases, with the scope of investigation potentially broadening.