DREAM VISION CO.,LTD. [3185.T]
TOKYO, May 14 (Pulse News Wire) – Dream Vision CO.,LTD. (3185.T) reported its consolidated earnings for the fiscal year ending March 31, 2026, which differed significantly from previous forecasts released on May 15, 2025, and revised on February 12, 2026.
According to the report, the company's revenue was higher than anticipated due to changes in sales reporting methods. However, adjustments related to inventory management and foreign exchange losses led to lower-than-expected operating profit, ordinary profit, pre-tax income, and net income. Specifically, the company recorded higher-than-estimated inventory valuation losses and additional impairment charges on fixed assets located in Group Ko Kaisha.
In detail, the discrepancies are as follows: - Revenue: Previous forecast ¥3.350 billion vs Actual ¥3.534 billion - Operating Profit: Previous forecast $--¥217 million vs Actual $--¥385 million - Pre-Tax Income: Previous forecast $--¥296 million vs Actual $--¥444 million - Net Income: Previous forecast $--¥16.1 million vs Actual $--¥24.2 million The company attributed the variance primarily to aggressive measures taken to improve its financial health, including closing unprofitable stores and reducing excess inventory. Additionally, changes in accounting policies for certain sales transactions contributed to increased revenues but did not affect overall profitability metrics. Furthermore, accelerated disposal of long-term stagnant goods resulted in higher-than-projected inventory write-downs.
Meanwhile, reassessments of fixed asset valuations based on future revenue plans led to unexpected impairment losses and foreign exchange gains, negatively impacting post-operating profits.
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