Source disclosure: February 13, 2026
LIBERTA CO.,LTD. [4935.T]
TOKYO, Feb 13 (Reuters) - Libertas Co., Ltd. announced on Monday that it has recorded a deferred tax asset adjustment of ¥147 million in its consolidated financial results for the fiscal year ended December 31, 2025. The company also disclosed discrepancies between its previously published full-year earnings forecast and actual performance figures.
The deferred tax asset adjustment was made following a thorough assessment of the recoverability of such assets based on future business outlooks. This resulted in an increase of ¥147 million in the deferred tax asset account within the consolidated financial statements for the fiscal period ending December 2025. These adjustments have been reflected in the "Consolidated Financial Results Briefing [Japanese GAAP]" released today by the company.
Regarding the differences between the previous forecasts and the actual results for the fiscal year ending December 2025, Libertas reported significant variances across key metrics. Sales revenue fell short of expectations, totaling ¥10,031 million compared to the earlier projected ¥11,000 million, marking an 8.8% decrease from the initial estimate. Operating income dropped sharply to ¥133 million from the anticipated ¥345 million, representing a decline of 61.8%. Ordinary income similarly decreased to ¥49 million from the forecasted ¥300 million, reflecting an 83.8% reduction. As a result, net income attributable to shareholders of the parent company came in at ¥46 million against the predicted ¥161 million, indicating a drop of 71.2%.
These divergences were primarily attributed to underperformance in certain product categories and geographical markets. Specifically, while military apparel saw success due to new product launches, other segments like functional clothing did not meet sales targets through e-commerce channels and overseas operations. Additionally, delays in launching new stores for the watch brand Luminox and introducing new products for the health and beauty appliance brand La Luna contributed to lower-than-projected revenues. Consequently, these factors led to reduced profitability as indicated by the operating and ordinary income figures.
Libertas noted that despite these challenges, the planned dividend payout per share remains unchanged at ¥10.00 for the fiscal year ending December 2025. The company will continue to monitor market conditions and operational strategies to improve future performance.
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