TOKYO, Mar 17 (Pulse News Wire) – Misawa & CO.,LTD. (3169.T) reported special losses totaling ¥21 million due to the obsolescence of certain fixed assets used in its core systems, and recognized impairment losses of ¥49 million related to declining profitability of sales store fixtures, equipment, furniture, and supplies for the fiscal year ending January 31, 2026.
In a statement, President Kazu Misawa explained that the software assets became obsolete due to system updates, leading to a loss of future utility. Additionally, the company identified significant declines in revenue potential from its physical retail infrastructure, necessitating impairment charges.
These special losses have been reflected in the preliminary unaudited consolidated results released today, titled “Summary of Financial Results for the Period Ended January 31, 2026 (Non-consolidated).”.
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