Improving Financial Strength through Loss Provisions, Impairment Charges and the End of Interest Expenses
First written in FY2021. 2 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022RestatedAnnual report
「In consideration of these factors, the company made loss provisions in the previous fiscal year. It believes that conditions will improve, its financial position has become more robust, and it is now in a position that makes a profit contribution more achievable.」
The company continues to explain that loss provisions were made in the previous fiscal year and that improved conditions and a stronger financial position have created conditions that facilitate profit contribution. - FY2022-Q3RestatedAnnual report
「In view of the difficult operating conditions caused by the prolonged COVID-19 pandemic, the company impaired goodwill related to the resort business in the previous fiscal year and rigorously impaired depreciable assets, including fixed assets, by ¥244 million.」
The company continues to explain that it impaired goodwill and fixed assets and other assets related to the resort business in the previous fiscal year. - FY2022-Q2AdvancedAnnual report
「In view of the difficult operating conditions caused by the prolonged COVID-19 pandemic, the company impaired goodwill related to the resort business in the previous fiscal year and rigorously impaired depreciable assets, including fixed assets, by ¥244 million.」
The company has specifically disclosed that it impaired goodwill and fixed assets and other assets related to the resort business in the previous fiscal year, including an impairment charge of ¥244 million on depreciable assets. - FY2022-Q1AdvancedAnnual report
「The deficit narrowed due to lower operating expenses resulting from the suspension of operations and lower depreciation resulting from the impairment of fixed assets in the previous consolidated fiscal year.」
The company has explained that, in the resort business, lower expenses resulting from the suspension of operations and lower depreciation resulting from the impairment of fixed assets in the previous consolidated fiscal year contributed to the narrowing of the deficit. - FY2021First statedAnnual report
「Despite the unprecedented conditions of COVID-19, political upheaval and litigation, the business recorded segment profit. In addition, because we rigorously assessed assets and recognised impairment losses, and because the ¥729 million of bond interest recorded in the current consolidated fiscal year will no longer be incurred, we expect costs to decline in the next period.」
The company states that rigorous loss provisions and asset impairment charges, together with the elimination of ¥729 million in bond interest recorded in the current year, will improve its financial position and make future profit contributions easier.