Haseko Corp revises forecasts due to impairment loss

Haseko Corporation (TSE:1808) announced revisions to its full-year financial results forecasts for the fiscal year ending March 31, 2025, following the recording of extraordinary losses. The primary driver is an impairment loss of ¥14.668 billion at HASEKO America, Inc., a commercial facility in Oahu, Hawaii, due to a decline in Japanese tourism and slow recovery from the COVID-19 pandemic. The company also expects to record approximately ¥16,000 million yen due to fluctuations in exchange rates.