Impairment Loss on Idle Assets
First written in FY2017. 4 of 5 entries say "Materialised", first in FY2017. Latest entry: FY2023.
KG Intelligence moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2017: 4 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「During the fiscal year, the Group recognized impairment losses on the following asset groups.」
Although the notes reported an impairment loss related to Kobe Housing in the previous fiscal year, they state that there were no applicable items for the current consolidated fiscal year, and no new impairment loss was recognized. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, the Group recognized impairment losses on the following asset group. Location: Kobe Housing (Tarumi-ku, Kobe); use: operating equipment; type: buildings and other assets; amount (¥ thousand): 2,601」
Following the software impairment in the previous fiscal year, an impairment loss of ¥2.601 million was recognized on the operating equipment at Kobe Housing. - FY2019MaterialisedAnnual report
「During the current consolidated fiscal year, the Group recognized impairment losses on the following asset group. Location: Kita-ku, Okayama; use: operating assets; type: software; amount (¥ thousand): 91,485」
Following the large-scale impairment of land, buildings, and other assets in the previous fiscal year, an impairment loss of ¥91.485 million was recognized in the current fiscal year on operating software in Kita-ku, Okayama. - FY2018MaterialisedAnnual report
「During the current consolidated fiscal year, the company assessed the recoverability of asset groups for which operating results were continuously negative or expected to become negative, and asset groups whose fair value had declined significantly relative to their carrying amount. Because the recoverable amount of these asset groups fell below their carrying amount, the company reduced their carrying amount to the recoverable amount and recognized the reduction as an impairment loss under extraordinary losses.」
The scope expanded from ¥9.980 million of impairment losses on idle land to multiple assets, including the head office, branch offices, and distribution centers, and impairment losses increased to ¥579.06 million. - FY2017MaterialisedAnnual report
「During the current consolidated fiscal year, because the recoverable amount of idle assets fell below their carrying amount, the company reduced their carrying amount to the recoverable amount and recognized the reduction of ¥9.980 million as an impairment loss under extraordinary losses. The impairment loss was ¥9.980 million.」
The recoverable amount of idle land in Maniwa, Okayama, fell below its carrying amount, resulting in an actual impairment loss of ¥9.980 million.