Risks associated with opening new locations, upfront costs and impairment
First written in FY2017. 9 of 13 entries say "Restated". Latest entry: FY2025.
IKK Holdings moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「For locations where profit or loss arising from operating activities has remained negative, the carrying amount was reduced to the recoverable amount, and the decrease, amounting to an impairment loss of ¥148.298 million, was recorded under extraordinary losses.」
The previously disclosed risk of declining store profitability and impairment related to opening new locations materialized at the wedding facility in Fukui, Fukui Prefecture. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risks related to opening conditions, upfront costs and impairment losses. - FY2023-Q3RestatedAnnual report
「During the nine-month cumulative consolidated period under review, there were no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risks related to opening conditions, upfront costs, and declining store profitability and impairment losses. - FY2023-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risks related to opening conditions, upfront costs and impairment losses. - FY2021RestatedAnnual report
「In addition, opening new locations incurs upfront costs, so if openings are concentrated within a given period, they could affect performance in the short term.」
Continues to disclose the risks associated with opening new locations, including opening conditions, upfront costs and impairment losses resulting from declining profitability. - FY2020MaterialisedAnnual report
「For locations where profit or loss arising from operating activities has remained negative, the carrying amount was reduced to the recoverable amount, and the decrease was recorded as an impairment loss under extraordinary losses.」
The previously disclosed risk of declining store profitability and impairment related to opening new locations materialized at the wedding facility in Imari, Saga Prefecture, and ¥343.260 million was recorded. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risks related to opening conditions, upfront costs and impairment losses. - FY2019-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
States that there have been no material changes to the risks related to opening conditions, upfront costs and impairment losses. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risks related to opening conditions, upfront costs and impairment losses. - FY2018MaterialisedAnnual report
「For the wedding facility, the carrying amount as of the date the decision to close was made was reduced to its recoverable amount, and the decrease was recorded as an impairment loss under extraordinary losses.」
The previously disclosed risk of declining profitability and impairment related to opening new locations actually materialized at the wedding facility in Hisayama, Kasuya District, Fukuoka Prefecture. - FY2018-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
States that there have been no material changes to the risks related to opening conditions, upfront costs and impairment losses. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risks related to opening conditions, upfront costs and impairment losses. - FY2017First statedAnnual report
「In addition, opening new locations incurs upfront costs, so if openings are concentrated within a given period, they could affect performance in the short term. If the profitability of a location opened by the Group declines substantially and impairment is recognized, an impairment loss will be recorded, which could affect its financial position, operating results and other matters.」
Organizes the shortage of properties suitable for new locations, short-term upfront costs from concentrated openings, and impairment losses from declining store profitability as risks related to opening new locations.