Decline in Value and Impairment of Investment Property
First written in FY2016. 1 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 50 of 96 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「The amounts recognized on the consolidated balance sheet, changes during the period, and fair values of the investment property are as follows.」
The carrying amount of investment property decreased from ¥2,896 million at the end of the previous fiscal year to ¥308 million. The main decreases were a ¥2,087 million transfer to property held for sale and ¥456 million from real estate sales, substantially reducing the balance held. - FY2020Decrease in Investment Property Holdings Due to SaleAnnual report
「The main increase during the current consolidated fiscal year was a reclassification from operating assets to idle assets of ¥197 million. The main decrease was a ¥1,440 million reduction due to sales.」
The carrying amount of investment property decreased by ¥1,440 million due to sales, and the period-end balance fell from ¥4,162 million in the previous fiscal year to ¥2,868 million. - FY2018WorsenedAnnual report
「Among the assets of the real estate business, the Company recognized an impairment loss of ¥437 million, representing the difference between the carrying amount and recoverable amount of one investment property whose profitability had declined significantly.」
The Company recognized an impairment loss of ¥437 million on investment property. Whereas the previous fiscal year included disclosure of a loss on the sale of property, plant and equipment, the current fiscal year saw an impairment loss due to lower profitability of investment property. - FY2017RestatedAnnual report
「For the current consolidated fiscal year, rental profit from the investment property was ¥164 million, with major rental revenue included in real estate business revenue and rental expenses included in real estate business cost of sales. The Company also recorded a loss on the sale of property, plant and equipment of ¥334 million as an extraordinary loss.」
The Company continues to disclose the income and loss position of investment property, including losses on the sale of property, plant and equipment. - FY2016First statedAnnual report
「Among the assets of the real estate business, the Company recognized an impairment loss of ¥163 million, representing the difference between the carrying amount and recoverable amount of one investment property whose market value had declined significantly relative to its carrying amount.」
Following the ¥471 million recognized in the previous fiscal year, the Company also recognized an impairment loss this fiscal year due to a decline in the market value of investment property.