1. Reason for Extraordinary Loss
Because the market value of shares held by Lion Corporation in consolidated subsidiary Lion Eco Chemicals Sdn. Bhd. declined, Lion has declared the recording of an impairment loss in accordance with the Accounting Standard for Financial Instruments. As a result, a ¥3,093 million impairment loss on valuation of subsidiaries' stocks has been recorded.
2. Overview of the Subsidiary
Company name: Lion Eco Chemicals Sdn. Bhd.
Location: Johor, Malaysia
Representative: Representative Managing Director Takashi Nakajima
Businesses: Manufacture and sale of surfactants and chemicals
Capital: 201 million Malaysian ringgit.
            (wholly owned by Lion Corporation)
3. Impact on Results
The abovementioned loss on valuation has been recorded as an extraordinary loss in the nonconsolidated results, but is eliminated in consolidated results. Accordingly, it has had no impact on consolidated results.
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