Sekido Posts Lower-than-Expected FY2026 Results Amid Special Losses

TOKYO, May 07 (Pulse News Wire) – Sekido CO.,LTD. (9878.T) reported lower-than-expected results for its fiscal year ending March 20, 2026, compared to previous forecasts released on February 27, 2026.

The company also recorded special losses due to store optimization strategies. In a statement, Sekido disclosed that it had recognized impairment losses totaling ¥263 million and estimated loss provisions of ¥26 million related to shared assets and certain stores. These adjustments led to a significant deviation from previously announced figures. For the fiscal year ended March 20, 2026, the company's earnings per share fell below expectations. Revenue was ¥5.758 billion, operating profit was -¥707 million, ordinary profit was -¥794 million, and net profit was -¥1.097 billion. Compared to the forecast made earlier, revenue decreased by -¥172 million, while operating profit declined by -¥100 million, ordinary profit dropped by -¥96 million, and net profit saw a reduction of -¥263 million.

The downward revision in performance projections stems from several factors. Sales revenues missed targets primarily due to large orders shifting to the next fiscal year within the beauty department. Additionally, conservative estimates of inventory valuation and increased shareholder benefits contributed to reduced profitability. Net income further suffered from impairment charges on shared assets and additional loss provisions for some stores. Management emphasized that these revised figures reflect current conditions based on available data and reasonable assumptions. Actual outcomes could vary due to various unforeseen circumstances.