Abalance is no longer working to a late June reporting calendar. The company said on Thursday that it had postponed both its third-quarter and full-year earnings disclosures for the year to March 2026 to late August, and that it is considering a 62-day extension for submitting its 27th securities report, which would take that deadline to August 31.
The immediate cause is an investigation committee report tied to former consolidated subsidiary Abit, which merged into Abalance on March 31, 2025. Abalance now expects to receive that report on June 30 and disclose it publicly in early July. Only after that, the company says, can it assess any effect on its financial statements and hand that assessment to Chubu Sogo Audit Corporation for follow-up procedures.
Why the timetable moved
This is not a case of finance staff needing a few more evenings with the spreadsheets. Abalance says the committee needed more time for interviews and to prepare a rigorous report. The probe covers Abit during the period when it was a consolidated subsidiary, from October 2019 to March 2025, and includes accounting treatment, the substance of transactions and related internal management. The filing specifically refers to transactions in the years ended June 2019 and June 2020 that it describes as suspicious, and to whether similar transactions existed.
Once the report arrives, the audit sequence gets longer, not shorter. Abalance says it must analyse the report and judge whether and how its financial statements are affected. The auditor would then carry out additional work, including checking the committee's procedures, conducting fraud-risk response procedures, retrospective procedures on prior-period financial statements, and testing revenue transactions including at subsidiaries. If older filings need correction, amended consolidated financial statements and corrected securities reports would also need to be prepared and audited before the current filing can be finalised.
The dates that matter
Abalance says it is considering, not yet confirming, an application to extend the securities-report deadline by 62 days. It says that schedule would allow it to receive the audit report and submit the filing by August 31. Just as importantly, it also says it would file sooner if it concludes that prior-period corrections are unnecessary.
| Milestone | Timing | What Abalance says |
|---|---|---|
| Investigation report received | June 30, 2026 | Abalance says the committee report is expected then. |
| Public disclosure of report | Early July 2026 | The company says the report is scheduled to be disclosed in early July. |
| Delayed third-quarter and full-year results | Late August 2026 | Both disclosures for the year to March 2026 were postponed from late June. |
| Possible securities report submission | August 31, 2026 | Abalance is considering a 62-day deadline extension to this date. |
| CBP-related loss amount fixed | Late August 2026 | The company says the customs-related loss for the consolidated accounts should be determined around then. |
That same logic is why both the third-quarter disclosure and the full-year earnings statement have been pushed from late June to late August. Management says it cannot settle whether older securities reports, half-year reports and earnings summaries need correction until the investigation report is in and the added audit work is complete.
A separate solar-panel issue now waits on the same clock
The delayed timetable matters beyond the Abit probe. In a separate update on Thursday, Abalance said US Customs and Border Protection had not allowed imports of three US-bound solar-panel shipments made by Vietnam Sunergy Joint Stock Company, or VSUN, under the Uyghur Forced Labor Prevention Act because it had not confirmed sufficient evidence to allow an exception.
One of those three shipments has since cleared review, entered the US and moved into customer sales, the company said. The remaining two are still under CBP review, while shipments sent after those three have been imported and sold without particular problems.
Abalance estimates the loss from that customs case at about ¥3bn to ¥5bn, but says the final amount for the consolidated accounts will not be fixed until late August because the earnings release itself has been deferred to that point. In other words, investors are waiting on one unresolved review to understand another number.
For holders, the next signposts are now unusually clear: June 30 for the committee report, early July for public disclosure of that report, late August for the delayed earnings package, and potentially August 31 for the securities report if the company goes ahead with the extension request. What remains unclear is whether the Abit review leads to prior-period corrections, and how much of the separate US shipment issue will still be unresolved by the time late August arrives.