Can Do revises earnings forecast due to impairment loss

Can Do (TSE:2698) has revised its earnings forecast due to the recognition of an extraordinary loss in its fourth-quarter consolidated financial results. The loss stems from impairment charges on store-related fixed assets, totaling JPY389 million, driven by store closures, renewals, and existing store impairments, in accordance with accounting standards. Additionally, changes in the estimated asset retirement obligations further increased the impairment loss.