Bitcoin Japan Corporation
Bitcoin Japan Corporation Notice: Structural Reform for Improving Profitability of Existing Businesses and Expected Recording of Special Losses
Withdraw 15 unprofitable department store locations and downsize loss-making kimono and women's apparel departments. Due to withdrawals, up to 25 million yen in expenses and approximately 185 million yen in inventory valuation losses are expected to be recorded as special losses in the second quarter of the fiscal year ending March 2027. Rebuilding the business portfolio toward new businesses including physical AI is underway.
Key Figures
- Number of stores withdrawn: 15 stores
- Inventory valuation loss: Approximately 185 million yen
- Restructuring costs: Up to 25 million yen
- Total expected special losses: Approximately 210 million yen
- Expected decrease in net sales for FY2027: 130 million yen
AI要約
Overview of Initiatives
The Company will proceed with withdrawals focused on loss-making department store locations and reorganize its kimono business and women's apparel departments to improve profitability of existing businesses. A total of 15 stores will be withdrawn, with closures scheduled for the end of October 2026 and the end of January 2027. Associated measures include reducing fixed costs and reassessing inventory valuations.
Financial Impact and Outlook
Expenses related to the withdrawals are expected to be up to 25 million yen, and inventory valuation losses of approximately 185 million yen will be recorded. A total of approximately 210 million yen is expected to be recorded as special losses in the second quarter of the fiscal year ending March 2027. Net sales for FY2027 are expected to decrease by 130 million yen due to store withdrawals. The Company aims to strengthen its medium- to long-term earnings base, including developments in new businesses.
Bitcoin Japan Corporation
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