PALEMO HOLDINGS CO.,LTD. [2778.T]
TOKYO, Mar 27 (Pulse News Wire) – Palemo Holdings CO.,LTD. (2778.T) reported a special loss for the fourth quarter ending November 21, 2025 through February 20, 2026.
According to the company’s accounting standards for impairment losses, the firm recognized a reduction in value of fixed assets due to certain stores deemed unable to recover their carrying amount. The special loss amounted to ¥64.0 million.
This figure was included in the company's interim earnings announcement released today, reflecting the impact on its financial performance for the fiscal year ended February 20, 2026. The impairment charge stems from reassessments conducted based on the Accounting Standards for Impairment of Fixed Assets, indicating significant challenges faced by some of the company’s retail outlets during the reporting period.
This development underscores the ongoing pressures within the retail sector and highlights PALEMO HOLDINGS’ proactive approach to addressing asset valuation issues.
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