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Inageya Reports Major Correction in Financial Results

Inageya Co., Ltd. (JP:8182) has released an update.

Inageya Co., Ltd. has announced corrections to its previously published consolidated financial report for the fiscal year ended March 31, 2024, due to an error in the accounting treatment of deferred tax liabilities related to the sale of a subsidiary. As a result, the net profit attributable to shareholders has been significantly adjusted from 1,728 million yen to 497 million yen. The correction will affect the reported earnings for the fiscal year 2024 and will also lead to an updated forecast for the fiscal year ending March 2025.

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