Recognition of an Extraordinary Loss and Revisions to the Earnings Forecasts (Consolidated and Non-Consolidated)
Kintetsu Department Store CO.,Ltd. (filing company)
Store assets of the Yokkaichi store (Yokkaichi, Mie Prefecture) and the Nara store (Nara, Nara Prefecture)
Following a review of the future recoverability of the fixed assets held, based on the Accounting Standard for Impairment of Fixed Assets
Impairment losses of ¥4,314 million on a consolidated basis and ¥4,356 million on a non-consolidated basis will be recognized as extraordinary losses
Fiscal year ended February 2026 (1 March 2025 to 28 February 2026)
The earnings forecasts have been revised. The consolidated forecasts are net sales of ¥125,400 million, operating income of ¥6,700 million, ordinary income of ¥6,600 million and net income attributable to owners of the parent of ¥3,700 million. The non-consolidated forecasts are net sales of ¥104,700 million, operating income of ¥6,000 million, ordinary income of ¥5,750 million and net income of ¥3,100 million.
The Company will recognize the impairment losses for the fiscal year ending February 2026 and presents the revised full-year earnings forecasts. Actual results may differ from the forecast figures due to various factors going forward.
| Item | Details |
|---|---|
| Event name | Recognition of an Extraordinary Loss and Revisions to the Earnings Forecasts (Consolidated and Non-Consolidated) |
| Date of occurrence | 27 March 2026 (the date on which the recognition of the extraordinary loss and the revisions to the earnings forecasts were decided) |
| Subject Entity | Kintetsu Department Store CO.,Ltd. (filing company) |
| Target Locations / Products | Store assets of the Yokkaichi store (Yokkaichi, Mie Prefecture) and the Nara store (Nara, Nara Prefecture) |
| Cause | Following a review of the future recoverability of the fixed assets held, based on the Accounting Standard for Impairment of Fixed Assets |
| Amount of Impact on Business Performance | Impairment losses of ¥4,314 million on a consolidated basis and ¥4,356 million on a non-consolidated basis will be recognized as extraordinary losses |
| Accounting period in which recognized | Fiscal year ended February 2026 (1 March 2025 to 28 February 2026) |
| Impact on Earnings Forecast | The earnings forecasts have been revised. The consolidated forecasts are net sales of ¥125,400 million, operating income of ¥6,700 million, ordinary income of ¥6,600 million and net income attributable to owners of the parent of ¥3,700 million. The non-consolidated forecasts are net sales of ¥104,700 million, operating income of ¥6,000 million, ordinary income of ¥5,750 million and net income of ¥3,100 million. |
| Outlook | The Company will recognize the impairment losses for the fiscal year ending February 2026 and presents the revised full-year earnings forecasts. Actual results may differ from the forecast figures due to various factors going forward. |
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.Following a review of the future recoverability of its fixed assets, the Company will recognize impairment losses on the store assets of its Yokkaichi and Nara stores. The earnings forecasts were revised because the “2025 Osaka-Kansai Expo Official Store” performed strongly and duty-free sales exceeded the previous forecast.