Financial Release
July 20, 2017
Corporate Name ValueCommerce Co., Ltd. Representative Jin Kagawa, Representative Director,
President and CEO Ticker Symbol 2491
Inquiries Masatomo Endo, Director of the Board,
CFO
Phone 81 3 6438 6860
Notification Concerning Posting of an Extraordinary Loss
ValueCommerce Co., Ltd. (the "Company") hereby announces that it has posted an impairment loss on noncurrent assets in extraordinary losses in the first half of FY2017. Details are as follows.
Description of the Extraordinary Loss
The results in the ad network service in the Advertising business are below the business plan, and the Company discussed the situation carefully with the audit corporation (Deloitte Touche Tohmatsu LLC). As a result, the Company decided to post an impairment loss of JPY 190,808 thousand on noncurrent assets related to the service in the first half of FY2017.
Outlook
The Company is examining its operating forecast for FY2017. If the operating forecast needs to be revised, the Company will announce the revision as soon as possible.
ValueCommerce Co. Ltd. published this content on 20 July 2017 and is solely responsible for the information contained herein.
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