Wellco Holdings Corporation [7831.T]
TOKYO, Jun 12 (Pulse News Wire) – Wellco Holdings Corporation (7831.T) reported a special loss of ¥88 million due to impairment of fixed assets in its subsidiary, Kanto Factory Takagi Dormitory, for the six-month consolidated accounting period ending April 30, 2026. The impairment was triggered by signs of impairment identified during a reassessment of the dormitory's recoverable amount.
The dormitory, located in Chiba Prefecture, had previously been part of the now-closed Kanto factory and has been up for sale since its closure. The company stated that it continues to optimize its asset management, aiming to enhance its financial health and corporate value through early disposal of idle assets.
The affected property includes land measuring 1,279.32 square meters and a building with a total floor area of 584.02 square meters. It is currently classified as an idle asset.
The impairment charge has been reflected in the company’s earnings release and revised outlook for the fiscal year ending October 2026.
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