Recognition of an extraordinary loss (impairment loss) and revision of the full-year consolidated earnings forecast for the fiscal year ending August 2026
HIMARAYA Co.,Ltd. (filing company)
Some stores (store names: Not disclosed)
Declining profitability at some stores and the transfer of some e-commerce sales revenue recorded by stores as some e-commerce products are consolidated from store fulfillment to warehouse fulfillment. The reasons cited for the downward revision to the earnings forecasts include the delayed recovery in demand for camping equipment, the impact of climate change on seasonal products, lower dividend income, higher interest expenses, and extraordinary losses including impairment losses.
¥1,158 million (impairment loss, extraordinary loss)
Fiscal year ended August 2026 (1 September 2025 to 31 August 2026)
The full-year consolidated earnings forecast has been revised: net sales of ¥61,099 million, operating profit of ¥290 million, ordinary profit of ¥324 million, net loss attributable to owners of the parent of ¥860 million, and loss per share of ¥70.18.
Company response
The monthly remuneration of the representative directors will be reduced by 40% for 3 months. The monthly remuneration of other directors, excluding directors who are Audit and Supervisory Committee members, will be reduced by 20% for 3 months.
The company will concentrate management resources on highly profitable products and growth categories, control selling prices, review operations using AI, monetize its reuse business and other businesses, improve warehouse utilization, and review head office expenses. The medium-term management plan will be updated in part, but for the time being the company will focus on achieving its single-year earnings outlook. It will consider publishing numerical targets once it becomes possible to formulate reasonable medium-term earnings targets.
| Item | Details |
|---|---|
| Event name | Recognition of an extraordinary loss (impairment loss) and revision of the full-year consolidated earnings forecast for the fiscal year ending August 2026 |
| Subject Entity | HIMARAYA Co.,Ltd. (filing company) |
| Target Locations / Products | Some stores (store names: Not disclosed) |
| Cause | Declining profitability at some stores and the transfer of some e-commerce sales revenue recorded by stores as some e-commerce products are consolidated from store fulfillment to warehouse fulfillment. The reasons cited for the downward revision to the earnings forecasts include the delayed recovery in demand for camping equipment, the impact of climate change on seasonal products, lower dividend income, higher interest expenses, and extraordinary losses including impairment losses. |
| Amount of Impact on Business Performance | ¥1,158 million (impairment loss, extraordinary loss) |
| Accounting period in which recognized | Fiscal year ended August 2026 (1 September 2025 to 31 August 2026) |
| Impact on Earnings Forecast | The full-year consolidated earnings forecast has been revised: net sales of ¥61,099 million, operating profit of ¥290 million, ordinary profit of ¥324 million, net loss attributable to owners of the parent of ¥860 million, and loss per share of ¥70.18. |
| Directors' and officers' liability | The monthly remuneration of the representative directors will be reduced by 40% for 3 months. The monthly remuneration of other directors, excluding directors who are Audit and Supervisory Committee members, will be reduced by 20% for 3 months. |
| Outlook | The company will concentrate management resources on highly profitable products and growth categories, control selling prices, review operations using AI, monetize its reuse business and other businesses, improve warehouse utilization, and review head office expenses. The medium-term management plan will be updated in part, but for the time being the company will focus on achieving its single-year earnings outlook. It will consider publishing numerical targets once it becomes possible to formulate reasonable medium-term earnings targets. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The reasons cited for the downward revision to the earnings forecasts include declining profitability at some stores, and the expected transfer of some e-commerce sales revenue previously recorded by stores to the logistics and warehouse segment as some e-commerce products are consolidated from store fulfillment to warehouse fulfillment. Other factors include the delayed recovery in demand for camping equipment, the impact of climate change on seasonal products, lower dividend income, and higher interest expenses.