GEO HOLDINGS CORPORATION [2681.T]
TOKYO, May 08 (Pulse News Wire) – GEO Holdings Corporation (2681.T) reported special items and revised its full-year forecast for the fiscal year ending March 31, 2026. On November 28, 2025, the company acquired shares of Sekaisu Co., resulting in a negative goodwill gain of ¥1.592 billion recorded as extraordinary income.
Additionally, due to impairment testing of fixed assets related to group operations, the company recognized an impairment loss of ¥4.277 billion. In comparison to the previous forecast released on May 9, 2025, the company's consolidated performance exceeded expectations. Revenue increased by ¥11.25 billion, operating profit rose by ¥2.739 billion, ordinary profit grew by ¥4.348 billion, and net profit per share improved by ¥3.238 billion compared to the initial estimates.
The positive variance was attributed to strong sales growth in existing stores within the Second Street business, successful expansion through new domestic store openings, and robust sales of Nintendo Switch 2 consoles under the Geo brand. Operating expenses were contained due to internal production of advertising costs and unabsorbed logistics fees, contributing to higher-than-expected profitability. Furthermore, foreign exchange gains of ¥762 million boosted non-operating income, leading to an overall improvement in earnings.
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