Aun Consulting revises earnings forecast, records losses

Aun Consulting has revised its earnings forecast for the fiscal year ending May 2025, citing product valuation losses, non-operating expenses, and extraordinary losses. The company expects to record a product valuation loss of JPY 11,452 thousand in cost of sales due to a revised sales price for certain real estate held by its subsidiary, AUN PHILIPPINES INC. Additionally, an impairment loss of JPY 21,985 thousand will be recorded as an extraordinary loss due to a decline in the value of investment securities held by the subsidiary. On an individual basis, Aun Consulting plans to record JPY 51,975 thousand in allowance for doubtful accounts due to AUN Philippines' weakened financial position, alongside JPY 4,149 thousand in valuation losses on affiliate stock.