Recognition of impairment losses and revision of earnings forecasts
OKUWA CO.,LTD. (the filing company; consolidated and non-consolidated financial results)
Stores among the Company's fixed assets that showed declining profitability
The failure to secure customer traffic due to declining store profitability, intensifying competition across business formats, and the further polarization of consumer spending resulting from higher prices
Impairment losses of ¥934 million (extraordinary loss). Full-year impairment losses, including the ¥153 million recognized through the third quarter, totaled ¥1,087 million
The fourth quarter accounting period and full year of the fiscal year ending February 2026 (consolidated and non-consolidated)
The earnings forecasts were revised. The consolidated forecasts are operating revenue of ¥252,600 million, operating profit of ¥1,870 million, ordinary profit of ¥1,970 million and net income attributable to owners of the parent of ¥260 million. The non-consolidated forecasts are operating revenue of ¥251,000 million, ordinary profit of ¥1,780 million and net income of ¥210 million
These forecasts are based on information available as of the date of this announcement, and actual results may differ from the forecast figures due to various factors
| Item | Details |
|---|---|
| Event name | Recognition of impairment losses and revision of earnings forecasts |
| Subject Entity | OKUWA CO.,LTD. (the filing company; consolidated and non-consolidated financial results) |
| Target Locations / Products | Stores among the Company's fixed assets that showed declining profitability |
| Cause | The failure to secure customer traffic due to declining store profitability, intensifying competition across business formats, and the further polarization of consumer spending resulting from higher prices |
| Amount of Impact on Business Performance | Impairment losses of ¥934 million (extraordinary loss). Full-year impairment losses, including the ¥153 million recognized through the third quarter, totaled ¥1,087 million |
| Accounting period in which recognized | The fourth quarter accounting period and full year of the fiscal year ending February 2026 (consolidated and non-consolidated) |
| Impact on Earnings Forecast | The earnings forecasts were revised. The consolidated forecasts are operating revenue of ¥252,600 million, operating profit of ¥1,870 million, ordinary profit of ¥1,970 million and net income attributable to owners of the parent of ¥260 million. The non-consolidated forecasts are operating revenue of ¥251,000 million, ordinary profit of ¥1,780 million and net income of ¥210 million |
| Outlook | These forecasts are based on information available as of the date of this announcement, and actual results may differ from the forecast figures due to various factors |
Items this document does not state (17)
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.In addition to the emergence of stores with declining profitability, intensifying competition across business formats and the further polarization of consumer spending due to higher prices made it difficult to secure customer traffic. As a result, operating revenue, operating profit and ordinary profit are expected to fall below the initial plan. Net income attributable to owners of the parent was revised because impairment losses of ¥934 million were recognized in the fourth quarter.