Matsuya revises forecast, expects losses, announces share buyback

Matsuya Co., Ltd. announced that it expects to record extraordinary losses totaling JPY 3,204 million for the second quarter and the full fiscal year ending February 2026. This includes JPY 1,003 million in impairment losses related to its consolidated subsidiary, Matsuya Ginza.com, due to underperforming business plans, and JPY 2,201 million for doubtful accounts allowance for the same subsidiary, affecting individual but not consolidated results.

Concurrently, Matsuya anticipates an extraordinary gain of approximately JPY 1,600 million from the sale of investment securities by February 2026, aimed at strengthening its financial position and improving capital efficiency. This comes alongside a downward revision of its full-year consolidated earnings forecast, with net sales now projected at JPY 45,000 million (down 10.0%), operating income at JPY 2,000 million (down 50.0%), and net income attributable to owners of parent at JPY 1,200 million (down 47.8%).

In a separate move, Matsuya's Board of Directors resolved to acquire up to 2,400,000 shares (4.52% of outstanding shares, excluding treasury stock) worth up to JPY 4,000 million. This share repurchase, running from October 10, 2025, to April 30, 2026, is part of its "Global Destination" management plan to enhance capital efficiency and shareholder returns.