TOKYO, Apr 09 (Pulse News Wire) – Uoki CO.,LTD. (2683.T) reported a significant asset impairment loss of ¥39 million for its fiscal fourth quarter ending February 28, 2026.
As a result, the company revised its full-year forecast for the fiscal year ending February 28, 2026. Previously, the company had projected operating profit of 60 million yen and net income per share of ¥15.66. However, due to the impairment loss, the updated forecast now shows operating profit of 88 million yen and net income per share of ¥12.16, marking a decrease of 25%.
Despite efforts to improve revenue through existing store enhancements, expansion of e-commerce product offerings, and increased distribution channels, sales are expected to fall below initial forecasts at 94 billion yen, down from the previous year's performance. Despite this, improvements in gross margin and cost-cutting measures have led to higher-than-expected operating profits. However, the asset impairment charge has resulted in a lower than anticipated net income attributable to shareholders, which is now estimated at ¥30 million compared to the previous estimate of ¥15.66 per share.
The company noted that these projections are based on currently available data and reasonable assumptions, but actual results could differ due to various factors.
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