Source disclosure: February 13, 2026
NOVARESE,Inc. [9160.T]
TOKYO, Feb 13 (Pulse News Wire) -- Novarese Inc. (9160.T), represented by President Yoichi Ogino, announced today that it will record deferred tax assets and impairment losses for its fiscal year ended December 31, 2025. The company's decision is based on an assessment of its current performance and future earnings outlook.
According to the announcement, after carefully evaluating the recoverability of deferred tax assets in individual financial statements, Novarese has decided to add additional deferred tax asset provisions for the fiscal year ending December 31, 2025. As a result, the adjustment amount for corporate income taxes and other adjustments in the individual financial statement for this period will be a loss of ¥1,496,874 thousand. However, there will be no impact on consolidated financial statements.
Additionally, due to signs of impairment identified in some fixed assets within the company’s bridal business segment, Novarese has determined to recognize impairment losses according to the accounting standards for impairment of non-financial assets. Consequently, the consolidated financial statements for the fiscal year ending December 31, 2025, will reflect impairment losses totaling ¥186 million, which have been recorded as part of cost of sales and selling expenses and general administrative expenses. In the individual financial statements, these impairment losses amounting to ¥348 million will be recognized as extraordinary losses.
For further information regarding the impact on the company's performance, shareholders and investors are advised to review the “Interim Report [IFRS] (Consolidated)” released today. For inquiries, interested parties can contact Executive Director and Senior Managing Officer Akinobu Masayama at Tel. 03-5524-3344.
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