Miyakoshi Holdings (6620): FY2025 Results Summary — Net Loss of 1,937 Million Yen on Impairment and Doubtful-Account Provisions for the Shenzhen WIC Project

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

Note: Miyakoshi Holdings does not publish an English results presentation; this article is an English translation of the Japanese-language article on our sister site Investalk, which is based on the company’s Japanese-language IR materials, with figures transcribed as reported. On this site, the company’s most recently completed fiscal year (ended March 31, 2026) is classified as FY2025; labels in the text and tables below follow the source article.

This article is a concise summary based on the financial results report (kessan tanshin) of Miyakoshi Holdings (6620) for the fiscal year ended March 31, 2026. Operating revenue for the fiscal year under review was 391 million yen (down 62.0% year on year). The company recorded an impairment loss of 848 million yen on land use rights held by a subsidiary and demolition costs, etc. of 95 million yen as extraordinary losses, and an allowance for doubtful accounts of 944 million yen on long-term loans receivable as non-operating expenses. As a result, it posted an operating loss of 333 million yen, an ordinary loss of 839 million yen, and a net loss attributable to owners of parent of 1,937 million yen.

Consolidated Results (Full Year)

In the 01-01 block of the World Innovation Center (WIC), the real estate development project the company is promoting in Shenzhen, demolition of buildings and structures progressed. In connection with this, the company recorded an impairment loss on fixed assets (mainly land use rights) held by its subsidiary Shenzhen Crown (China) Electronics Co., Ltd. In addition, from the standpoint of financial soundness, it conservatively assessed its long-term loans receivable and recorded an allowance for doubtful accounts.

Item	Current FY	Previous FY	Change
Operating revenue	391 million yen	1,030 million yen	△62.0%
Operating profit	△333 million yen	284 million yen	―
Ordinary profit	△839 million yen	552 million yen	―
Profit attributable to owners of parent	△1,937 million yen	365 million yen	―
Earnings per share	△48.42 yen	9.14 yen	―

Full-Year Forecast

For the fiscal year ending March 2027, while no rental income is expected until the grand opening of WIC, the company says it will newly launch an Innovation business that imports and sells semiconductors, electronic components, and other products from Chinese companies. The full-year consolidated forecast reflecting these factors is as follows.

Item	Forecast	Previous FY (Actual)
Operating revenue	2,000 million yen	391 million yen
Operating profit	△700 million yen	△333 million yen
Ordinary profit	△363 million yen	△839 million yen
Profit attributable to owners of parent	△345 million yen	△1,937 million yen
Earnings per share	△8.62 yen	△48.42 yen

Shareholder Returns

The annual dividend for the fiscal year ended March 31, 2026 was 0.00 yen at year-end (0.00 yen for the full year), and the company also paid no dividend in the previous fiscal year (ended March 31, 2025). For the fiscal year ending March 2027 (forecast), the annual dividend is likewise set at 0.00 yen.

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.