Treasure Factory has posted an extraordinary loss (impairment loss) for the fiscal year ended February 28, 2022.
Details
Out of the fixed assets held by Treasure Factory and its group, impairment accounting was applied to the stores at which profitability declined, based on the Accounting Standard for Impairment of Fixed Assets. Accordingly, Treasure Factory posted an impairment loss of 160,636 thousand yen for the fiscal year ended February 28, 2022.
In addition, as it is now expected that achieving the initial plan for the goodwill held by the company is difficult, it posted an impairment loss of 56,171 thousand yen.
Inquiries
Mr. Eiji Kobayashi Phone: +81-3-3880-8822
URL:www.treasurefactory.co.jp/en/
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Treasure Factory Co. Ltd. published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2022 02:59:06 UTC.
Treasure Factory Co.,LTD. is a Japan-based company mainly engaged in the operation of reuse shop. The Companyâs main products are second-hand goods that are reused items, including clothing, home appliances, furniture, household goods, branded goods, sports and outdoor goods, musical instruments, hobby goods, among others. The Company operates through six store formats. Treasure Factory handles a variety of reused items. Trefaku Style specializes in clothing and accessories. Brand Collect specializes in used brand clothing. Trefuf Sports specializes in sports outdoor equipment. Uselet specializes in low-cost clothing and accessories and Trefaku Market is a suburban large-scale store that mainly handles home appliances and furniture. The Company is also involved in the sale of products through the internet.