Recognition of Extraordinary Losses in Connection with the Commencement of Demolition Work on the Osaka Shochikuza Building
Shochiku Co.,Ltd.
Osaka Shochikuza (theater) and the Osaka Shochikuza Building
The theater has become difficult to operate in its current facility due to the deterioration of various facilities and equipment following the passage of approximately 30 years since its reopening.
Impairment loss of ¥2,400 million and provision for theater closure losses of approximately ¥2,000 million (both planned to be recognized as extraordinary losses)
Fiscal year ending February 2027
This will affect the earnings forecast for the fiscal year ending February 2027 and has already been reflected in the earnings forecast included in the financial results summary released today. There will be no impact on consolidated results for the fiscal year ended February 2026.
Company response
Performances at the Osaka Shochikuza (theater) will end with the May 2026 performances.
Demolition work will commence once discussions with the relevant parties and the necessary procedures have been completed. Following demolition, the company will work toward realizing a new hub for disseminating culture and the performing arts.
| Item | Details |
|---|---|
| Event name | Recognition of Extraordinary Losses in Connection with the Commencement of Demolition Work on the Osaka Shochikuza Building |
| Date of occurrence | 14 April 2026 (the Board of Directors resolved to commence demolition work) |
| Subject Entity | Shochiku Co.,Ltd. |
| Target Locations / Products | Osaka Shochikuza (theater) and the Osaka Shochikuza Building |
| Cause | The theater has become difficult to operate in its current facility due to the deterioration of various facilities and equipment following the passage of approximately 30 years since its reopening. |
| Amount of Impact on Business Performance | Impairment loss of ¥2,400 million and provision for theater closure losses of approximately ¥2,000 million (both planned to be recognized as extraordinary losses) |
| Accounting period in which recognized | Fiscal year ending February 2027 |
| Impact on Earnings Forecast | This will affect the earnings forecast for the fiscal year ending February 2027 and has already been reflected in the earnings forecast included in the financial results summary released today. There will be no impact on consolidated results for the fiscal year ended February 2026. |
| Suspended operations | Performances at the Osaka Shochikuza (theater) will end with the May 2026 performances. |
| Outlook | Demolition work will commence once discussions with the relevant parties and the necessary procedures have been completed. Following demolition, the company will work toward realizing a new hub for disseminating culture and the performing arts. |
Items this document does not state (15)
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.Approximately 30 years have passed since the Osaka Shochikuza reopened, and the theater has become difficult to operate in its current facility due to the deterioration of various facilities and equipment.