The company recognized a consolidated impairment loss of 29,826 million yen in its domestic beverage business due to declining profitability in vending machine channels caused by rising raw material costs and increased consumer cost-consciousness. Additionally, the company recorded a 466 million yen valuation loss on subsidiary shares and a 26,169 million yen allowance for doubtful accounts for its subsidiary Daido Drinko Co., Ltd., though these individual losses are eliminated in consolidated accounts.
¥29.8bn
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Summary
The company recognized a consolidated impairment loss of 29,826 million yen in its domestic beverage business due to declining profitability in vending machine channels caused by rising raw material costs and increased consumer cost-consciousness. Additionally, the company recorded a 466 million yen valuation loss on subsidiary shares and a 26,169 million yen allowance for doubtful accounts for its subsidiary Daido Drinko Co., Ltd., though these individual losses are eliminated in consolidated accounts.