Otsuka Furniture continued to be away from customers due to the fierce conflict between former chairman Mr. Katsuhisa Otsuka and his oldest daughter Kumiko Otsuka over management policy, and last year's settlement of accounts since listing , It fell into a final deficit of about 7.2 billion yen which is the largest.

After that, by improving the efficiency of store operation, we were forecasting that we can secure a final surplus of 1.3 billion yen in the settlement of accounts for the December period.

However, Otsuka Furniture announced on the 3rd that it expects downward revision of the business forecast for the past due to the slump in sales etc.

In addition, we are considering multifaceted consideration for capital increase and business alliance with other companies.

Otsuka Furniture has postponed the announcement of the interim settlement originally planned on the 10th of this month to 14th and is also working on reviewing the criteria for evaluating inventory furniture as assets The focus will be on what kind of measures will be taken to rebuild management.