Komori
Occurring Fact7522WATAMI CO.,LTD.Retail

Notice Regarding the Recording of an Extraordinary Loss (Impairment Loss)

The Company recognized a ¥598 million impairment loss on goodwill at LEADER FOOD Group, a consolidated subsidiary, and a ¥647 million impairment loss on fixed assets at domestic and overseas food-service outlets and other locations as extraordinary losses in the fiscal year ending March 2026.

Worth reading
54Recurring
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
1245
¥ millions (breakdown: goodwill ¥598 million; fixed assets ¥647 million)
Wording
Definitive
How definitive the wording is.

Recognition of Extraordinary Loss (Impairment Loss)

Subject Entity

Consolidated subsidiaries LEADER FOOD PTE.LTD., PREMIUM SEAFOOD SUPPLIES PTE.LTD. and LEADER FOOD INDUSTRIES PTE.LTD., as well as domestic and overseas food-service outlets and other locations

Target Locations / Products

LEADER FOOD Group's production and logistics sites in Southeast Asia, and domestic and overseas food-service outlets and other locations

OccurrenceRecognition in the consolidated full-year results for the fiscal year ending March 2026 (specific recognition date: Not disclosed)
This disclosure05/13/2026
Cause

External changes in the business environment that exceeded the Company's initial assumptions, including fluctuations in global economic conditions, changes in local business conditions and rising costs. The domestic and overseas food-service outlets and other locations experienced declining profitability.

Amount of Impact on Business Performance

Impairment loss on goodwill: ¥598 million (extraordinary loss); impairment loss on fixed assets: ¥647 million (extraordinary loss)

Accounting period in which recognized

Consolidated full-year results for the fiscal year ending March 2026

Outlook

The business plans for the relevant LEADER FOOD Group sites will be conservatively revised.

Event that occurred
ItemDetails
Event nameRecognition of Extraordinary Loss (Impairment Loss)
Date of occurrenceRecognition in the consolidated full-year results for the fiscal year ending March 2026 (specific recognition date: Not disclosed)
Subject EntityConsolidated subsidiaries LEADER FOOD PTE.LTD., PREMIUM SEAFOOD SUPPLIES PTE.LTD. and LEADER FOOD INDUSTRIES PTE.LTD., as well as domestic and overseas food-service outlets and other locations
Target Locations / ProductsLEADER FOOD Group's production and logistics sites in Southeast Asia, and domestic and overseas food-service outlets and other locations
CauseExternal changes in the business environment that exceeded the Company's initial assumptions, including fluctuations in global economic conditions, changes in local business conditions and rising costs. The domestic and overseas food-service outlets and other locations experienced declining profitability.
Amount of Impact on Business PerformanceImpairment loss on goodwill: ¥598 million (extraordinary loss); impairment loss on fixed assets: ¥647 million (extraordinary loss)
Accounting period in which recognizedConsolidated full-year results for the fiscal year ending March 2026
OutlookThe business plans for the relevant LEADER FOOD Group sites will be conservatively revised.
Items this document does not state (17)
Date recognized / date notice receivedImpact on Earnings ForecastType of litigation or proceedingCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the changePlanned follow-up disclosure

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.

External changes in the business environment, including fluctuations in global economic conditions, changes in local business conditions and rising costs, exceeded the Company's initial assumptions. After carefully reviewing future profitability and the recoverability of assets and conservatively revising its business plans, the Company recognized impairment losses. The impairment losses at domestic and overseas food-service outlets and other locations were attributable to declining profitability.

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Notice Regarding the Recording of an Extraordinary Loss (Impairment Loss) | WATAMI CO.,LTD. (7522) timely disclosure | Komori