Matsumoto revises earnings forecast, records impairment loss

Matsumoto (TSE:7901) has updated its earnings forecast for the fiscal year ending April 30, 2025, initially left undetermined on March 14, 2025. The company now projects sales of JPY2,169 million, an operating loss of JPY265 million, a recurring loss of JPY261 million, and a net loss of JPY653 million, or a loss of JPY577.14 per share. This revision is primarily due to the recognition of a JPY385 million extraordinary loss related to the impairment of underperforming business assets. The company previously implemented a 3-for-1 stock split on November 1, 2023, and per-share figures have been adjusted retroactively to reflect this split.