秀英予備校 — falls for second straight session; to recognize ¥45 million impairment loss following closure of 1 campus in Kanagawa (Traders Web)

秀英予備校 announced on the 27th that it plans to close 1 campus in Kanagawa Prefecture and is expected to recognize ¥45 million as an extraordinary loss for impairment of fixed assets as a result.

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The story

秀英予備校 announced plans to close 1 campus in Kanagawa Prefecture. As a result, the company plans to recognize ¥45 million as an extraordinary loss for impairment of fixed assets in its financial results for the second quarter of the fiscal year ending March 2027.

The company said it is reviewing the impact of the impairment charge on its earnings forecast and will disclose the information promptly if necessary.

At a glance

Target audiencePolicy to close 1 campus in Kanagawa Prefecture

AmountScheduled to recognize ¥45 million as an impairment loss on fixed assets

TimingScheduled to be recognized in the second quarter of the fiscal year ending March 2027

NatureRecognized as an extraordinary loss

ImpactImpact on the earnings forecast is under review; timing of disclosure undecided

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