Baroque Japan Limited, which operates apparel brands, downwardly revised its full-year earnings forecast for the fiscal year ending February 2027 and indicated that net income would be a loss of ¥696 million. The main factors behind the loss include a ¥555 million impairment loss, delayed shipments from its e-commerce site, inventory write-downs, higher supply-chain costs and the closure of its flagship store in Omotesando.
Baroque Japan Limited downwardly revised its consolidated full-year earnings forecast for the fiscal year ending February 2027, announcing a revenue forecast of ¥50.832 billion, below the previous fiscal year's actual revenue of ¥51.499 billion. Net income is expected to turn to a loss of ¥696 million from the previous forecast of a profit.
The main factors include the impact of shipment delays caused by a system malfunction on the e-commerce site, as well as inventory write-downs and higher supply-chain costs. In addition, the company plans to record a ¥555 million extraordinary loss as an impairment loss in connection with the closure of its flagship store in Omotesando, Tokyo.
The downward revision means that revenue is expected to decline slightly from the previous fiscal year's actual results, while net income is expected to turn from a forecast profit to a loss. Attention will focus on the company's subsequent response and any additional disclosures.