Obsolescence of Older Rental Assets Due to Breakthrough New Products
First written in FY2016. 18 of 20 entries say "Restated". Latest entry: FY2027-H1.
3 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of existing rental assets due to breakthrough new products or other innovations. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of existing rental assets due to breakthrough new products or other innovations. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the third quarter, there were no new business or other risks, or significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2021RestatedAnnual report
「The Group holds substantial fixed assets nationwide, including assistive products provided for rental and washing and disinfection facilities, and applies the accounting standard for impairment of fixed assets. If major deterioration in earnings or other conditions arises due to changes in the long-term care insurance system or the obsolescence of existing assistive products following the emergence of breakthrough new technologies, impairment losses may be incurred, potentially affecting the Group's operating results and financial position.」
The risk of obsolescence of existing assistive products and impairment of fixed assets due to regulatory changes and new technologies continues to be disclosed. - FY2021-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2020ReframedAnnual report
「The Group holds substantial fixed assets nationwide, including assistive products provided for rental and washing and disinfection facilities, and applies the accounting standard for impairment of fixed assets. If major deterioration in earnings or other conditions arises due to changes in the long-term care insurance system or the obsolescence of existing assistive products following the emergence of breakthrough new technologies, impairment losses may be incurred, potentially affecting the Group's operating results and financial position.」
The risk previously described as declines in utilization and replacement of legacy rental assets is presented as a general fixed-asset impairment risk linked to obsolescence caused by regulatory changes and new technologies. - FY2020-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2019RestatedAnnual report
「The carrying value of the assistive-product rental assets held by the Company, including electric beds and wheelchairs, was ¥7,923 million at the end of the consolidated fiscal year, with a cumulative depreciation rate of 74.3%. If breakthrough new products or other innovations are developed, large-scale replacement of rental products or a sharp decline in utilization rates for older models could occur, which could affect the Company's results.」
The risk of obsolescence of legacy rental assets due to new products continues to be disclosed, and the carrying value and cumulative depreciation rate have been updated to the FY2019 figures. - FY2019-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2019-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2018RestatedAnnual report
「The carrying value of the assistive-product rental assets held by the Company, including electric beds and wheelchairs, was ¥8,016 million at the end of the consolidated fiscal year, with a cumulative depreciation rate of 71.5%. If breakthrough new products or other innovations are developed, causing a sharp decline in utilization rates for older models, a substantial reduction in rental rates and the need for large-scale replacement of rental products may arise, which could affect the Company's results.」
The risk of obsolescence of legacy rental assets due to new products continues to be disclosed, and the carrying value and cumulative depreciation rate have been updated to the FY2018 figures. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2017RestatedAnnual report
「The carrying value of the assistive-product rental assets held by the Company, including electric beds and wheelchairs, was ¥7,965 million at the end of the consolidated fiscal year, with a cumulative depreciation rate of 69.1%. If breakthrough new products or other innovations are developed, causing a sharp decline in utilization rates for older models, a substantial reduction in rental rates and the need for large-scale replacement of rental products may arise, which could affect the Company's results.」
The nature of the risk remains unchanged, while the carrying value and cumulative depreciation rate of rental assets have been updated to the FY2017 figures. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to new products. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to breakthrough new products. - FY2017-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risk of obsolescence of legacy rental assets due to new products. - FY2016First statedAnnual report
「The carrying value of the assistive-product rental assets held by the Company, including electric beds and wheelchairs, was ¥8,247 million at the end of the consolidated fiscal year, with a cumulative depreciation rate of 65.1%. If breakthrough new products or other innovations are developed, causing a sharp decline in utilization rates for older models, a substantial reduction in rental rates and the need for large-scale replacement of rental products may arise, which could affect the Company's results.」
The disclosure presents the carrying value and cumulative depreciation rate of rental assets and identifies declines in utilization and rental rates, and replacement requirements resulting from new products, as risks.