TOKYO, May 14 (Pulse News Wire) – Ekitan & CO.,LTD. (3646.T) reported a divergence between its forecast and actual results for the fiscal year ending March 31, 2026.
The company also decided to recognize a special loss due to impairment of fixed assets during a board meeting held today. For the fiscal year ended March 31, 2026, Ekitan's revenue exceeded forecasts by 31 million yen, while operating profit was higher by 41 million yen compared to previous estimates. However, the company recorded an impairment loss of 1489 million yen related to fixed assets, which includes goodwill associated with its subsidiary, Onsei Corporation.
This decision reflects a more conservative outlook amid changing market conditions and ongoing structural reforms. The impairment charge will reduce depreciation expenses in subsequent periods starting from April 1, 2027, with 84 million yen in depreciation recognized for the fiscal year ended March 31, 2026. Ekitan plans to continue with its restructuring efforts to enhance profitability and achieve growth beyond projected targets.
The impact of the impairment loss on earnings is detailed in the company’s unaudited consolidated financial statements released today.
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