CARE TWENTYONE CORPORATION [2373.T]
TOKYO, May 20 (Pulse News Wire) – CARE TWENTYONE CORPORATION (2373.T) announced today that its senior care facility, Presyanlux South Aoyama, located at Tokyo, Minato Ku Minamiaoyama 7-12-21, will close due to low occupancy rates despite efforts to improve operations. The decision was made during a board meeting held.
The closure is primarily attributed to competition from similar facilities in the vicinity, which prevented the facility from achieving expected demand levels. Despite ongoing strategies to enhance operational efficiency, the company concluded that closing the facility would be more viable considering future profitability and management structure. Current residents will be offered assistance to relocate to nearby facilities operated by CARE TWENTYONE CORPORATION.
The company plans to support each resident's transition to ensure their comfort and minimize disruption. The closure is scheduled for September 30, 2026. Regarding the impact on financial performance, CARE TWENTYONE CORPORATION anticipates recognizing costs associated with lease termination and resident relocation as special losses in the fiscal year ending October 2026.
The exact amount of these expenses remains under review, and the company will disclose further details as necessary.
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