TOKYO, May 12 (Pulse News Wire) – VIA Holdings,inc. (7918.T) reported significant fourth quarter losses totaling ¥874 million due to impairment charges and provisions related to doubtful debts.
Specifically, the company recognized a provision of ¥358 million for loan recoveries deemed unlikely from companies such as Fanuya Tohoku Nippon, Ichidou, Ichi Gen, and Kudo Ton. Additionally, VIA recorded a substantial impairment loss of ¥509 million from its subsidiary Foodream Co., Ltd., leading to a total individual special loss of ¥874 million. However, these losses have been offset in the consolidated results, having no impact on overall performance.
Furthermore, VIA's subsidiaries incurred additional losses amounting to ¥260 million due to the closure of six unprofitable stores and impairments on fixed assets. These actions resulted in impairment losses of ¥99 million and provisions for store closures of ¥8 million. In addition, the company adjusted deferred tax assets based on future earnings forecasts, resulting in a tax adjustment of ¥145 million for the quarter.
These adjustments reflect VIA’s ongoing efforts to manage financial risks and maintain These developments were detailed in the company’s latest quarterly report released today.
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