Risk of Recognizing Impairment Losses Due to Declining Profitability
First written in FY2017. 3 of 7 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Care Service moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 65 of 115 companies on the "Worse" side.
27 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Impairment losses 46,063」
The company recognised impairment losses of ¥46.063 million in the current fiscal year, a substantial increase from ¥4.222 million in the previous period. The risk of impairment due to declining profitability has expanded into actual loss recognition. - FY2024MitigatedAnnual report
「Current consolidated fiscal year (1 April 2023 to 31 March 2024) Buildings 2,554 Tools, fixtures and equipment 1,667」
Impairment losses totalled ¥4.222 million in the current period, down from ¥31.862 million in the previous period. - FY2023WorsenedAnnual report
「For leasehold improvements and other building-related assets for which recovery of the investment is no longer expected, the carrying amount is reduced to the recoverable amount, with the reduction recognised as an impairment loss in extraordinary losses.」
The company recognised impairment losses of ¥31.862 million, up from ¥226 thousand in the previous period. - FY2022MitigatedAnnual report
「Impairment losses 226」
Impairment losses were ¥226 thousand in the current period, down from ¥3.528 million in the previous period. The company seeks to prevent impairment losses by conducting market research when opening locations and selecting sites with high asset profitability. - FY2019WorsenedAnnual report
「As extraordinary losses, the company recognised losses on the waiver of receivables, losses on the liquidation of affiliates, losses on the closure of locations, inventory valuation losses and impairment losses associated with the liquidation of an overseas subsidiary and other events.」
Impairment losses of ¥6.596 million were recognised in the current period, up from ¥2.025 million in the previous period. - FY2018MaterialisedAnnual report
「As extraordinary losses, the company recognised losses on the retirement of fixed assets, impairment losses and losses on the closure of locations associated with the relocation to a multifunctional care facility opened in October 2017 and the consolidation and closure of locations planned for the following period.」
The company actually recognised an impairment loss of ¥2.025 million in the current period in connection with declining profitability and other factors. - FY2017First statedAnnual report
「If the profitability of buildings and other assets held by the Group declines significantly in the future, impairment losses may need to be recognised, which could affect the Group's performance.」
The possibility of recognising impairment losses if the profitability of buildings and other assets declines significantly is described as a new risk.