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Notice Concerning Accounting Handling of AST Shares
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Previously, AST Space Mobile, Inc. shares held by the Group were accounted for using the equity method in consideration of their substantial influence on the company, including the dispatch of directors. In recent years, in addition to the fact that the voting rights ratio held by the Group has continued to decline, it has lost important influence due to changes in the company's board structure, etc., so we have decided to perform accounting processing as financial assets measured at fair value through other comprehensive profits from 2024/10/11.
Due to the change in the accounting processing method, the difference between the fair value of the company's shares and the consolidated equity method book value as of the change date is scheduled to be recorded at approximately 100 billion yen in line with “other income” and “equity method investment profit and loss” during the fourth quarter consolidated accounting period.
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*The information posted here is current as of the date of publication. Please note that it may differ from the latest information.
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