Impairment Losses Caused by Deteriorating Location Profitability
First written in FY2017. 6 of 13 entries say "Materialised", first in FY2017. Latest entry: FY2026.
Gokurakuyu Holdings moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2017: 25 of 32 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Current consolidated fiscal year Impairment loss ¥150.939 million」
Store-level impairment losses increased from ¥100.999 million in the previous fiscal year to ¥150.939 million. Impairment losses were recognized at the Kanazawa Nonoichi store, RAKU SPA Station Fuchu, and RAKU CAFE Shinsaibashi. - FY2025WorsenedAnnual report
「Impairment loss ¥100.999 million」
The company recognized total impairment losses of ¥100.999 million, including ¥46.173 million at the Gokurakuyu Sakai Senboku store and ¥54.825 million at the Gokurakuyu Aomori store. The amount increased from ¥85.146 million in the previous fiscal year, and impairment losses related to declining store profitability continued. - FY2024MaterialisedAnnual report
「Impairment loss ¥85.146 million」
The company also recognized impairment losses at RAKU CAFE Ikebukuro and its spa facilities in China during the current fiscal year. This was a significant decrease from ¥472.211 million in the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「2. Matters concerning impairment losses on fixed assets and goodwill, etc., by reporting segment There are no applicable matters.」
It is stated that there were no impairment losses on fixed assets or other applicable items in the segment information for the cumulative consolidated third-quarter period. - FY2023Impairment losses continued but decreased year on yearAnnual report
「Impairment loss ¥472.211 million」
Impairment losses were recognized at Satte, Sakai Senboku, Aomori, Fukui, Shanghai Jinshajiang, Changchun Ouyah, and other locations, but decreased from ¥2,571.921 million in the previous fiscal year. - FY2022MaterialisedAnnual report
「Impairment loss ¥2,571.921 million」
The company recognized total impairment losses of ¥2,571.921 million on stores in Japan and China, goodwill, construction in progress, and other assets during the current fiscal year. This was an increase from ¥1,180.282 million in the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「Cumulative consolidated period for the third quarter of the current fiscal year (from 1 April 2021 to 31 December 2021) There are no applicable matters.」
No impairment loss was recognized during the cumulative third-quarter period, and the ¥331.848 million impairment loss on construction in progress in Hangzhou, China, recognized in the same period of the previous year, did not recur in the current period. - FY2021-Q3MaterialisedAnnual report
「極楽湯(杭州)酒店管理有限公司 (Hangzhou, Zhejiang, China) Spa facility “Construction in progress” 331,848」
An impairment loss of ¥331.848 million was recognized for construction in progress related to the spa facility in Hangzhou, China. Impairment losses related to deteriorating store profitability and other factors also occurred during the quarter. - FY2021-Q2MaterialisedAnnual report
「In the China segment, impairment losses were recognized on buildings, tools, furniture and fixtures, software, and construction in progress. The impairment loss recognized for the six months ended the second quarter of the current fiscal year was ¥449.816 million.」
An impairment loss related to deteriorating store profitability, which had not been reported since the previous fiscal year, recurred. The company recognized ¥121.382 million at the Gokurakuyu Jinyin Tan Hot Spring facility in Wuhan and ¥328.433 million for construction in progress in Hangzhou, for a total of ¥449.816 million. - FY2018DroppedAnnual report
「Not applicable.」
It states that, regarding the ¥39.593 million impairment loss incurred at the Satte store in the previous fiscal year, no impairment loss was recognized in the current fiscal year. - FY2017MaterialisedAnnual report
「For 極楽湯 幸手店 (Satte, Saitama), the Group reduced the carrying amount of the asset group to its recoverable amount and recognized the resulting decrease of ¥39.593 million as an extraordinary loss.」
For the Satte location, the Company reduced the carrying amounts of buildings, structures and other assets and recognized an impairment loss of ¥39.593 million.