Tokai Corp revises earnings forecast due to impairment loss

Tokai Corp announced a revision to its consolidated earnings forecast for the fiscal year ending March 31, 2025, citing an extraordinary loss due to the recording of impairment losses. The company expects to record JPY 1.87 billion in impairment losses related to certain pharmacy locations, the Kyushu maintenance center for its silver business, and goodwill associated with mik japan Co. Ltd. Despite increased revenue projections of JPY 149.54 billion, up from a previous forecast of JPY 142.93 billion, the net profit attributable to the parent company is expected to decrease to JPY 4.73 billion, down from JPY 5.58 billion. Earnings per share are projected to be JPY 139.09. The company is maintaining its year-end dividend forecast of JPY 29 per share, resulting in a total annual dividend of JPY 58.