TOKYO, May 13 (Pulse News Wire) – Watami CO.,LTD. (7522.T) reported special losses totaling ¥[¥598 million] million due to reevaluations of its operations in Southeast Asia.
The company's subsidiaries, LEADER FOOD PTE. LTD., PREMIUM SEAFOOD SUPPLIES PTE. LTD., and LEADER FOOD INDUSTRIES PTE. LTD., faced unexpected economic challenges, leading to a conservative reassessment of their future profitability and asset recoverability.
As a result, WATAMI recorded impairment losses reflecting these changes. Additionally, WATAMI implemented impairment procedures on fixed assets of domestic and international restaurant outlets affected by declining profitability, resulting in further impairment losses of ¥[¥647 million] million. These adjustments are reflected in the company’s consolidated earnings statement for the fiscal year ending March 2026. The revised outlook underscores the impact of global economic shifts and local operational challenges on the group's strategic investments in Southeast Asia.
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