TOKYO, Apr 14 (Pulse News Wire) – Shochiku CO.,LTD. (9601.T) announced today that its board of directors has approved the demolition of the Osaka Nipponchi building.
As a result, the company plans to record special losses totaling approximately ¥2.400 billion due to impairment of fixed assets and approximately ¥2 billion as provisions for theater closure costs in the fiscal year ending February 2027. The decision comes after nearly three decades of operation, during which various facilities at the Osaka Nipponchi venue deteriorated significantly. Operations at the theater will cease following performances in May 2026, pending necessary consultations and formalities.
These special losses will impact the company's performance forecast for the fiscal year ending February 2027 but will not affect the results for the current fiscal year ending February 2026. The figures have been incorporated into the earnings outlook released today. Following the demolition, Shochiku intends to pursue initiatives aimed at establishing a new cultural and entertainment hub.
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