Prima Meat Packers Reports Special Loss Due to Asset Impairment

TOKYO, May 08 (Pulse News Wire) – Prima Meat Packers,ltd. (2281.T) reported a special loss due to asset impairment in its fiscal year ending March 2026.

The company recorded a net impairment loss of ¥2.448 billion in the fourth quarter of the fiscal year, impacting its processing food and meat businesses. In a press release, President Sho Noda stated that the impairment was triggered by a divergence between initial plans and actual performance in five consolidated subsidiaries.

A reassessment of future recovery potential led to the recognition of this significant loss. The impairment loss is detailed in the company's unaudited interim report released today.

The impact of this special item will be reflected in the final financial statements for the fiscal year ended March 2026.