Pietro to record impairment loss on Fukuoka factory sale

Pietro Co., Ltd. has resolved to transfer a fixed asset, its First Factory in Koga City, Fukuoka Prefecture, as part of a plan to divest three existing factories. The sales are intended to fund the acquisition of a new factory. The company anticipates recording an impairment loss of JPY 166,853 thousand from this transaction.

The transfer is expected to result in a net extraordinary gain of JPY 27,669 thousand, combining an extraordinary profit from the sale of other fixed assets recorded in the first quarter with the newly announced impairment loss. The decision for the transfer was made on October 17, 2025, with contract signing projected for early November 2025 and property handover by mid-December 2025.

Although the factory is currently operational, Pietro plans to enter a temporary lease agreement with the transferee to continue operations until the new factory's expected launch in December 2026. These extraordinary gains and losses have already been factored into the consolidated earnings forecast for the fiscal year ending March 2026, as announced on May 15, 2025.