Festaria Holdings Posts Overdue Corporate Tax Adjustments for Third Quarter

TOKYO, Jul 13 (Pulse News Wire) – Festaria Holdings CO.,LTD. (2736.T) reported adjustments related to overdue corporate taxes for its fiscal third quarter ending May 31, 2026.

The group's subsidiary, D&Q JEWELLRY Co., Ltd., underwent tax audits from 2021 to 2024, leading to revised filings and additional payments based on tax authorities’ interpretations of transfer pricing regulations. As a result, the company recorded an adjustment of ¥63 million for the period. In response to these developments, Festaria Holdings is actively working towards resolving potential issues of double taxation through discussions with Japanese tax authorities, considering bilateral tax treaties.

Any further significant progress or changes will be disclosed promptly. Regarding the impact on the full-year forecast for the fiscal year ending August 2026, the company stated it is currently assessing various factors. Should any revisions to the earnings outlook be necessary, Festaria Holdings will update stakeholders accordingly.