TOKYO, Apr 10 (Pulse News Wire) – CVS Bay Area Inc. (2687.T) revised its fiscal year 2026 outlook due to investment losses and asset impairments.
The company reported a sale of securities yielding a gain of ¥12 million but also recorded a loss of ¥93 million from a fund investment and impairment charges totaling ¥617 million. Additionally, CVS Bay Area wrote down deferred tax assets by ¥402 million. For the fiscal year ending February 28, 2026, the company now expects operating revenue of ¥7.902 billion, operating profit of ¥130 million, ordinary profit of -¥64 million, and net income attributable to shareholders of -¥1.140 billion per share.
These figures represent decreases of --¥129 million, --¥37 million, -¥153 million, and -¥1.096 billion respectively compared to previous forecasts, marking reductions of 1.6%, 22.2%, and significant declines in profitability. The revision reflects challenges in outdoor resort facilities recovery and increased costs impacting overall performance. Despite progress in hotel bookings post-autumn season, operational issues during weekdays and winter led to lower-than-expected revenues and profits.
Forecast revision — FY2026/2Mixed revision
| Metric | Prior | Revised | Change |
|---|---|---|---|
| Revenue | ¥202M | ¥7,902M | -1.6% |
| Op. profit | ¥5M | ¥130M | -22.2% |
| Net profit | ¥10M | ¥-1,140M |
Source: TDNet filing · Figures in millions of yen
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