Value Creation restatement turns prior profits into operating losses across multiple periods
Value Creation said G-Plan-related transactions previously booked as sales and outsourcing costs will be cancelled and treated as non-operating income, a change that cut sales for the year ended February 2025 to 3,071,001 thousand yen from 3,431,976 thousand yen and turned operating profit into a 233,904 thousand yen loss from a 121,616 thousand yen profit. The company then booked impairments and concluded deferred tax assets were no longer recoverable, extending corrections across reports from the year ended February 2024 to the first nine months of the year ending February 2026.