TOKYO, Apr 14 (Pulse News Wire) – Subaru CO.,LTD. (9778.T) reported a special loss of ¥58 million due to asset impairment related to falling property prices and reduced student enrollment in certain classrooms during its fiscal year ending February 28, 2026.
Additionally, the company adjusted its previously announced forecast for the same period. According to the revised figures, the company's net profit per share decreased by 48.77%, from ¥134.6 million to ¥68.9 million. Sales, operating profit, and ordinary profit also saw declines of 4.08%, 21.61%, and 17.88%, respectively.
The downward revision was primarily attributed to ongoing inflationary pressures leading to suppressed real wages and constrained consumer spending. Despite demand for tutoring services aimed at prestigious schools, declining birth rates have led to fewer students enrolling in public high schools, limiting overall growth opportunities. Additionally, consolidation efforts in group classroom operations resulted in lower-than-expected student enrollments compared to the previous year.
These factors collectively contributed to the company missing its initial targets and necessitating the adjustments in its financial outlook.
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