Olympic Group Corporation [8289.T]
TOKYO, Apr 13 (Pulse News Wire) – Olympic Group Corporation (8289.T) reported an impairment loss of ¥685 million and adjusted its fiscal year 2026 forecast due to differences between previously stated expectations and actual performance. For the fiscal year ending February 28, 2026 (March 1, 2025 to February 28, 2026), the company recorded an impairment loss which led to a lower net profit of 37 billion yen attributable to parent shareholders.
The impairment charge was recognized based on the Accounting Standards for Impairment of Fixed Assets, following a thorough assessment of recoverability. In light of the impairment, the company revised its full-year forecasts.
Previously, the operating revenue, operating profit, ordinary profit, and earnings per share had been estimated but now show adjustments: | Metric | Previous Estimate (A) | Actual Value (B) | Difference (B-A) | Variance (%) | |------------------|----------------------|------------------|------------------|--------------| | Operating Revenue | ¥98.00 billion | ¥98.16 billion | ¥157 million | 0.1 | | Operating Profit | --¥2.450 billion | --¥2.372 billion | ¥78 million | | | Ordinary Profit | --¥2.700 billion | --¥2.621 billion | ¥79 million | | | Net Income | Not Estimated | --¥3.798 billion | | | The revision reflects the additional time required for accounting estimates and the impact of the impairment loss. The company's previous guidance did not account for the extent of the impairment, leading to significant changes in expected results.
🟢 Confidence: High AI-translated content.