Imagica Group (TYO:6879) expects to incur extraordinary losses of approximately 900 million yen due to the voluntary retirement program for its subsidiary, Imagica Lab, according to its Wednesday filing.

As a result, Imagica Group revised its net income forecast for the fiscal year ending March 31 from a loss of 900 million yen to a loss of 1.5 billion yen.

Despite these changes, the dividend forecast remains at 15 yen per share.

The retirement program, originally detailed on Dec. 26, 2024, was aimed at certain full-time and administrative employees.

The group received 94 applications against the target of 100-150 for the program.

Retirement is set for June 30, with regular and special additional payments provided, along with outplacement services.

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