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 [NUM_19] million yen and estimated loss provisions of [NUM_20] million yen 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 [NUM_5] million yen, operating profit was [NUM_6] million yen, ordinary profit was [NUM_7] million yen, and net profit was [NUM_8] million yen. Compared to the forecast made earlier, revenue decreased by [NUM_10] million yen, while operating profit declined by [NUM_11] million yen, ordinary profit dropped by [NUM_12] million yen, and net profit saw a reduction of [NUM_13] million yen.
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.
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