Striders Reports Higher Than Expected Profits for FY2026 Amid Foreign Exchange Gains

TOKYO, May 15 (Pulse News Wire) – Striders Corporation (9816.T) reported higher-than-expected profits for its fiscal year ending March 31, 2026, driven primarily by foreign exchange gains and tax adjustments related to asset sales. The company recorded a net profit of ¥205 million, surpassing previous forecasts by 105%.

Operating profit came in at ¥170 million, while revenue reached ¥8.213 billion, slightly exceeding initial expectations. Additionally, ordinary profit stood at ¥247 million, marking a significant increase of 30%. Striders attributed the improved performance to favorable movements in the yen-dollar exchange rate, which generated substantial foreign exchange gains.

Furthermore, the sale of fixed assets from its hotel division led to additional tax benefits, contributing to the positive adjustment in earnings. In a separate development, Striders announced the recognition of deferred tax assets amounting to 75 million based on the completion of asset transfers within its subsidiary. This decision was made after careful consideration of the anticipated future performance trends and the likelihood of recovering these assets.