KIMURA UNITY CO.,LTD. [9368.T]
TOKYO, Apr 27 (Pulse News Wire) – Kimura Unity CO.,LTD. (9368.T) reported a special loss due to asset impairment in its fiscal year ending March 31, 2026.
The impairment charge stems from restructuring efforts aimed at improving profitability within its logistics division. In a statement, the company noted that the decision was made in light of declining production volumes among key European automotive customers, influenced by factors such as North American tariffs and the slowdown in electric vehicle sales. As a result, internal logistics processes have intensified, leading to reduced workloads.
A reassessment revealed the need for structural reforms to enhance profitability, resulting in the reevaluation of leasehold warehouse assets under US accounting standards. Consequently, a special loss of ¥231 million was recorded. The impact of this impairment loss on the company’s consolidated operating results for the fiscal year ended March 31, 2026, is detailed in the preliminary earnings release published today.
The revised figures reflect the adjustments necessary to align with the strategic realignment of the logistics operations.
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