Impairment of Intangible Fixed Assets Due to Business Plan Review
First written in FY2024-Q1. 3 of 4 entries say "Worsened", first in FY2024-Q2. Latest entry: FY2025-H1.
ImageONE moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
26 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Following a review of the business plans for the healthcare solutions business and the global environmental solutions business, the unamortized balances of tools, furniture and fixtures, rental assets, software and leasehold deposits were recorded as an impairment loss and extraordinary loss because the carrying amounts of the fixed assets of those businesses exceeded their future cash flows.」
Following the review of the business plans, an additional impairment loss of ¥14.196 million was recorded for tools, furniture and fixtures, rental assets, software and leasehold deposits. - FY2024WorsenedAnnual report
「Impairment loss ¥30.961 million」
The statement of cash flows for the current fiscal year includes an impairment loss of ¥30.961 million, indicating that the impact of the business-plan review on asset values continues. - FY2024-Q2WorsenedAnnual report
「Following a review of the business plans for the healthcare solutions business and the global environmental solutions business, the unamortized balances of tools, furniture and fixtures, and intangible assets—software, software under development, rental assets, trademark rights, telephone subscription rights and provisional exclusive license rights—were recorded as an impairment loss and extraordinary loss because their value in use based on future cash flows was negative.」
Following a review of the business plans, value in use became negative, and an impairment loss of ¥19.512 million was recorded for tools, furniture and fixtures and several intangible assets. - FY2024-Q1First statedAnnual report
「Following a review of the business plans for the healthcare solutions business and the global environmental solutions business, the unamortized balances of intangible assets—software, software under development, rental assets, trademark rights, telephone subscription rights and provisional exclusive license rights—were recorded as an impairment loss and extraordinary loss because their value in use based on future cash flows was negative.」
Following a review of the business plans, value in use based on future cash flows became negative, and an impairment loss of ¥14.962 million was recorded for intangible assets.