FilingReader Intelligence
Besterra announces goodwill impairment loss and revised strategic initiatives
March 27, 2025 at 07:35 PM UTC•By FilingReader AI
Besterra (TSE:1433) announced it will record an extraordinary loss of ¥94 million for the fiscal year ending January 31, 2025, due to an impairment loss on goodwill. This impairment is related to Oda Corporation, a company Besterra acquired in July 2023 through a business transfer. Oda's performance has fallen short of initial projections, leading to a revision of its business plan and a subsequent review of the recoverable amount of goodwill.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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Supplementary Source Documents
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TSE:1433•Tokyo Stock Exchange
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