Recognition of an Extraordinary Loss by a Consolidated Subsidiary
The Company's consolidated subsidiary (company name: Not disclosed)
8 stores (the stores that have been closed and the additional 8 unprofitable stores for which closure has been decided), and existing stores
The closure of 8 unprofitable stores and the conversion of the business formats of existing stores to expand their profitability
¥84 million (¥60 million in impairment losses, ¥12 million in provision for store closure losses, ¥5 million in store closure losses, and ¥2 million in losses on disposal of fixed assets; extraordinary loss)
The cumulative consolidated first-quarter period of the fiscal year ending March 2027
No impact on or revisions to the earnings forecast are stated. The extraordinary loss is reflected in the Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 under Japanese GAAP released today.
Company response
8 stores have been closed. The closure of an additional 8 stores has also been decided.
The closure of an additional 8 stores that were unprofitable has been decided. The timing of implementation is Not disclosed.
| Item | Details |
|---|---|
| Event name | Recognition of an Extraordinary Loss by a Consolidated Subsidiary |
| Subject Entity | The Company's consolidated subsidiary (company name: Not disclosed) |
| Target Locations / Products | 8 stores (the stores that have been closed and the additional 8 unprofitable stores for which closure has been decided), and existing stores |
| Cause | The closure of 8 unprofitable stores and the conversion of the business formats of existing stores to expand their profitability |
| Amount of Impact on Business Performance | ¥84 million (¥60 million in impairment losses, ¥12 million in provision for store closure losses, ¥5 million in store closure losses, and ¥2 million in losses on disposal of fixed assets; extraordinary loss) |
| Accounting period in which recognized | The cumulative consolidated first-quarter period of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | No impact on or revisions to the earnings forecast are stated. The extraordinary loss is reflected in the Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 under Japanese GAAP released today. |
| Suspended operations | 8 stores have been closed. The closure of an additional 8 stores has also been decided. |
| Outlook | The closure of an additional 8 stores that were unprofitable has been decided. The timing of implementation is Not disclosed. |
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.To close 8 unprofitable stores and convert the business formats of existing stores to expand their profitability.