Gyet Co. Reports First Quarter Non-Consolidated Results Including Special Items

TOKYO, Jul 10 (Pulse News Wire) – Gyet CO.,LTD. (7603.T) reported its first quarter non-consolidated results ending May 31, 2026.

The company recorded special gains totaling ¥664 million due to negative goodwill arising from the acquisition of Kohen Corporation, which was completed on March 2, 2026. Additionally, impairment losses of ¥66 million related to store assets were recognized as special losses. Investment losses of ¥37 million from its equity method affiliate, Orthplus, were also included in extraordinary expenses. Furthermore, changes in accounting treatment for cryptocurrency-based funds led to a reduction in sales revenue by ¥161 million and an increase in extraordinary income by ¥93 million.

As a result, ordinary profit decreased by ¥67 million. The adjustments reflect the impact of integrating Kohen's operations since the beginning of the fiscal year, with the initial forecast expecting the negative goodwill gain to be recognized in the second half of the fiscal year but now adjusted to the first quarter. The company stated that while these changes affect the timing and amount of recognition, they remain within the previously disclosed earnings forecasts for the second quarter and full year. Any necessary revisions to future projections will be communicated promptly.