Shochiku Co., Ltd.
Notice Regarding Recording of Special Loss Due to Commencement of Demolition Work on Osaka Shochikuza Building
Special losses of ¥2,400 million impairment loss on Osaka Shochikuza building and ¥2,000 million provision for theater closure loss will be recorded in the fiscal year ending February 2027.
Key Figures
- Impairment Loss: ¥2,400 million (Scheduled as special loss in fiscal year ending February 2027)
- Provision for Theater Closure Loss: Approximately ¥2,000 million (Scheduled as special loss in fiscal year ending February 2027)
- End of Osaka Shochikuza Theater Operations: Final performance in May 2026
AI要約
Regarding the Recording of Special Loss
Shochiku Co., Ltd. has resolved to cease theater operations at the Osaka Shochikuza building due to aging, with the final performance to be held in May 2026, and to commence demolition work thereafter. Accordingly, an impairment loss of ¥2,400 million will be recorded to reduce the book value of the fixed asset to its recoverable amount, and approximately ¥2,000 million, estimated demolition expenses related to the building, will be recognized as a provision for theater closure loss. Both will be recorded as special losses in the fiscal year ending February 2027.
Impact on Earnings and Future Initiatives
There will be no impact on the consolidated earnings for the fiscal year ending February 2026, and the special losses have been reflected in the earnings forecast for the fiscal year ending February 2027. After demolition, the company plans to work towards establishing a new cultural and entertainment hub.
