Johan Holdings records RM625,000 fair value loss on four investment properties

PETALING JAYA (Sept 24): Johan Holdings Bhd said it recognised a RM625,000 fair value loss after revaluing four investment properties as at July 31, 2026.

The properties comprise three three-storey terrace factories in Section 22, Shah Alam, and a parcel of leasehold land in Lumut, Perak, according to the group’s Bursa Malaysia filing.

The Shah Alam factories, identified as PT 348, PT 2529 and PT 2519, were valued at RM6.685 million, RM2.295 million and RM2.775 million respectively. Their fair value losses totalled RM240,000.

The Lumut land, identified as Lot 1100 in the district of Manjung, was valued at RM2.4 million and accounted for the remaining RM385,000 loss. KGV International Property Consultants (M) Sdn Bhd valued all four properties.

Johan said the RM625,000 fair value loss was charged to profit or loss. It reduced the group’s net assets per share by 0.05 sen to 15.87 sen as at July 31, 2026, from 15.92 sen before the revaluation.

In a separate results filing, Johan reported a fourth-quarter net loss attributable to shareholders of RM4.203 million, compared with RM3.990 million a year earlier, while revenue fell 27.5% to RM10.056 million from RM13.878 million.

For the financial year ended July 31, 2026, its net loss attributable to shareholders widened to RM20.283 million from RM2.042 million, despite revenue rising to RM27.908 million from RM20.658 million. The board did not recommend a dividend for the quarter.

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