Kappa Create Co., Ltd.
Notice Regarding Recognition of Impairment Loss and Provision for Store Closure Losses Due to Store Closures
The company has decided to close domestic stores and will record an impairment loss of 223 million yen and a provision for store closure losses of 7.4 million yen. The impact amount is currently being examined. Further disclosures, if any, will be announced later. The company plans to close 15 stores in the interim period.
Key Figures
- Impairment Loss: 223 million yen
- Provision for Store Closure Losses: 7.4 million yen
- Target Stores: 15 domestic stores (interim period)
AI要約
Key Points
The company has decided to close underperforming stores and will close a total of 15 domestic stores during the interim consolidated accounting period. Accordingly, the company will record impairment of fixed assets and book provisions for store closure losses. The impairment loss amounts to 223 million yen and the provision for store closure losses to 7.4 million yen. The impact on consolidated results for the fiscal year ending March 2027 is currently under review.
Future Impact and Disclosures
The impact of the impairment losses and related items on the consolidated results for the fiscal year ending March 2027 is currently being examined, and any additional disclosures will be made promptly as they arise. Further details on the number of closed stores and the finalized magnitude of the impact will be added in future disclosures as they are determined.
Kappa Create Co., Ltd.
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