Deteriorating profitability and impairment loss at the Kimitsu Branch
First written in FY2021. 2 of 2 entries say "Materialised", first in FY2021. Latest entry: FY2022.
Takada moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 39 of 67 companies on the "Worse" side.
60 other companies' latest entry also says "Materialised".
- FY2022MaterialisedAnnual report
「As the profitability of the Kimitsu Branch has deteriorated due to a decrease in revenue from completed construction contracts and other factors, and an early recovery is not expected, the company reduced the carrying amount of its property, plant and equipment to the recoverable amount and recorded the reduction as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥20.619 million at the Kimitsu Branch in the current fiscal year, following ¥508.849 million in the previous fiscal year. - FY2021MaterialisedAnnual report
「As the profitability of the Kimitsu Branch has deteriorated due to a decrease in revenue from completed construction contracts and other factors, and an early recovery is not expected, the company reduced the carrying amount of its property, plant and equipment to the recoverable amount and recorded the reduction as an impairment loss under extraordinary losses.」
The company recognised deteriorating profitability and the difficulty of an early recovery at the Kimitsu Branch and recorded an impairment loss of ¥508.849 million in total on land, buildings and other assets.