Fixed Asset Impairment Losses amid COVID-19
First written in FY2022. . Latest entry: FY2026.
The whole theme swung hardest in 2021: 4 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Increase in impairment losses in FY2026Annual report
「The Company recorded an impairment loss of ¥234 million relating to the impairment of fixed assets associated with certain facilities and other assets in the store development business under extraordinary losses.」
The Company recorded an impairment loss of ¥234.715 million on certain facilities and other assets in the store development business, an increase from ¥65.889 million in the previous fiscal year. - 2026-05-13OtherRevision of earnings forecasts
「Our store development business is a new business aimed at creating vibrancy through food by producing restaurant areas in commercial facilities and similar activities. As of 31 March 2026, we operated 8 facilities. For fixed assets relating to certain facilities operated through this store development business and other businesses, we assessed future recoverability in accordance with the accounting standards for impairment of fixed assets. After taking into account future earnings prospects and other factors, we partially reduced the carrying amount and recognized an impairment loss of ¥234 million.」
The company recognized an impairment loss of ¥234 million on fixed assets relating to certain facilities in the store development business and other businesses, taking into account future earnings prospects and other factors. - FY2025Impairment loss recorded in FY2025Annual report
「During the consolidated fiscal year, for certain asset groups in the store development business, the carrying amounts were reduced to the recoverable amounts due to declining profitability affected by visitor numbers and average customer spending, and the decrease was recorded as an impairment loss under extraordinary losses.」
The Company recorded an impairment loss of ¥65.889 million on certain facilities in the store development business in Hitachi, Ibaraki Prefecture, and Nagoya, Aichi Prefecture. - FY2024Impairment loss recorded in FY2024Annual report
「During the consolidated fiscal year, for certain asset groups in the store development business, the carrying amounts were reduced to the recoverable amounts due to declining profitability, and the decrease was recorded as an impairment loss under extraordinary losses.」
The Company recorded an impairment loss of ¥30.486 million on certain assets in the store development business due to declining profitability. The scope shifted from all business-use assets in the previous fiscal year to certain assets in the store development business. - FY2023Impairment loss recorded in FY2023Annual report
「During the consolidated fiscal year, the Company recorded an impairment loss of ¥690 million relating to the impairment of fixed assets.」
The Company recorded an impairment loss of ¥690 million on fixed assets. Although this was down from ¥1,140 million in the previous fiscal year, it determined that there were indications of impairment against a backdrop of continuing operating losses. - FY2022First statedAnnual report
「In the fourth quarter, the Company recorded an impairment loss of ¥1,140 million relating to the impairment of fixed assets.」
Against a backdrop of stagnation in the food service industry caused by the spread of COVID-19 and continuing operating losses, the Company recorded an impairment loss of ¥1,140 million on business-use assets.