Valuence Holdings, Inc. (JP:9270) has released an update.
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Valuence Holdings Inc. has reported extraordinary losses in its fiscal year ending August 31, 2024, due to impairment losses on intangible assets of YONE MOTORS CORPORATION, a wholly owned subsidiary, and on the valuation of shares of subsidiaries and affiliates. The company recorded a 597 million yen loss from the impairment of goodwill and other assets, and a separate 613 million yen loss on valuation of shares, although this did not impact the consolidated financial results.
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