Unprofitable stores, store restructuring costs and impairment
First written in FY2016. 18 of 42 entries say "Mitigated", first in FY2019-Q1. Latest entry: 2026-10-06.
PAL GROUP Holdings moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2017: 13 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-10-06WorsenedEarnings
「Impairment losses of ¥140 million were recognized in the apparel business, ¥56 million in the general merchandise business and ¥37 million in Other.」
減損損失は前年中間期の合計131百万円から当中間期は233百万円へ増加している。 - FY2027-H1WorsenedAnnual report
「Impairment losses of ¥140 million were recognized in the apparel business, ¥56 million in the general merchandise business and ¥37 million in Other.」
Impairment losses totaled ¥233 million in the interim period, up from ¥131 million in the same period of the previous year. Losses related to stores and other assets increased on an interim-period basis. - 2026-07-07MitigatedEarnings
「Loss on disposal of fixed assets 0 3 Impairment loss 37 19」
Loss on disposal of fixed assets increased year on year, while impairment loss decreased from ¥37 million to ¥19 million. - FY2026MitigatedAnnual report
「Extraordinary losses totaling ¥332 million were recorded, including ¥39 million in losses on retirement of fixed assets and ¥293 million in impairment losses due to store closures, changes in business format and other factors.」
Losses associated with store closures and changes in business format were incurred, but losses on retirement of fixed assets decreased from ¥91 million in the previous fiscal year to ¥39 million, while impairment losses decreased from ¥551 million to ¥293 million. - FY2026-H1MitigatedAnnual report
「Loss on retirement of fixed assets 3 45 Impairment loss 131 219」
Losses on retirement of fixed assets decreased from ¥45 million in the same period of the previous year to ¥3 million, while impairment losses decreased from ¥219 million to ¥131 million, reducing the scale of store-related losses. - FY2025-H1WorsenedAnnual report
「Impairment losses of ¥71 million in the Apparel Business and ¥147 million in the General Merchandise Business were recorded.」
Impairment losses for the interim period were ¥71 million in the Apparel Business and ¥147 million in the General Merchandise Business. The business mix of losses changed from ¥132 million in Apparel and ¥11 million in General Merchandise in the same period of the previous year, and total losses also increased. - FY2025-Q1WorsenedAnnual report
「Loss on retirement of fixed assets 38 26 Impairment loss 33 79」
Impairment losses increased from ¥33 million in the same period of the previous year to ¥79 million in the first quarter, and losses related to stores and other assets expanded. - FY2024MitigatedAnnual report
「Extraordinary losses included ¥120 million in losses on retirement of fixed assets and ¥480 million in impairment losses due to store closures, changes in business format and other factors, for a total of ¥600 million.」
Losses associated with store closures and changes in business format were incurred, but impairment losses decreased from ¥801 million in the previous fiscal year to ¥480 million, while total extraordinary losses declined from ¥831 million to ¥600 million. - FY2024-Q3MitigatedAnnual report
「Impairment losses of ¥144 million in the Apparel Business and ¥95 million in the General Merchandise Business were recorded.」
Impairment losses totaled ¥239 million, down from ¥479 million in the same period of the previous year. Store-related losses were incurred, but their scale has decreased. - FY2024-Q2MitigatedAnnual report
「The Company recorded impairment losses of ¥132 million in the Apparel Business and ¥11 million in the General Merchandise Business.」
Impairment losses decreased from ¥446 million in total in the same period of the previous year to ¥143 million during the period, reducing the scale of store-related losses. - FY2024-Q1WorsenedAnnual report
「The Company recorded impairment losses of ¥29 million in the Apparel Business and ¥4 million in the General Merchandise Business.」
Impairment losses totaled ¥33 million, up from ¥17 million in total in the same period of the previous year. Losses related to stores and other items expanded year on year. - FY2023MitigatedAnnual report
「The Company recorded extraordinary losses totaling ¥831 million, comprising ¥30 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, and ¥801 million in impairment losses.」
Losses associated with store closures and changes in business format continued, but impairment losses decreased from ¥1,659 million in the previous fiscal year to ¥801 million, and total extraordinary losses decreased from ¥1,862 million to ¥831 million. - FY2023-Q3WorsenedAnnual report
「The Company recorded impairment losses of ¥393 million in the Apparel Business and ¥86 million in the General Merchandise Business.」
Impairment losses totaled ¥479 million, up from ¥456 million in total in the same period of the previous year. Losses related to stores and other items expanded year on year. - FY2023-Q2WorsenedAnnual report
「The Company recorded impairment losses of ¥387 million in the Apparel Business and ¥59 million in the General Merchandise Business.」
Impairment losses totaled ¥446 million, up from ¥380 million in total in the same period of the previous year. Store-related losses in the Apparel Business and General Merchandise Business expanded year on year. - FY2023-Q1MitigatedAnnual report
「The Company recorded impairment losses of ¥8 million in the Apparel Business and ¥9 million in the General Merchandise Business.」
Impairment losses totaled ¥17 million, down from ¥63 million in total in the same period of the previous year. Losses related to stores and other items did arise, but their scale contracted. - FY2022WorsenedAnnual report
「The Company recorded extraordinary losses totaling ¥1,862 million, comprising ¥202 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, and ¥1,659 million in impairment losses.」
Losses associated with store closures and changes in business format continued, and impairment losses increased from ¥793 million in the previous fiscal year to ¥1,659 million. Store-related risks expanded, primarily in the Apparel Business. - FY2022-Q3WorsenedAnnual report
「The Company recorded impairment losses of ¥375 million in the Apparel Business and ¥81 million in the General Merchandise Business.」
Impairment losses increased from ¥293 million in total in the same period of the previous year to ¥456 million in total during the cumulative consolidated third-quarter period, and losses related to stores and other items expanded. - FY2022-Q2WorsenedAnnual report
「The Company recorded impairment losses of ¥367 million in the Apparel Business and ¥13 million in the General Merchandise Business.」
Impairment losses totaled more than ¥380 million, up from ¥209 million in total in the same period of the previous year. Impairment losses in the Apparel Business in particular expanded. - FY2022-Q1WorsenedAnnual report
「The Company recorded impairment losses of ¥54 million in the Apparel Business and ¥8 million in the General Merchandise Business.」
Impairment losses totaled ¥62 million, up from ¥9 million in total in the same period of the previous year. Losses related to stores and other items expanded. - FY2021WorsenedAnnual report
「Extraordinary losses totaled ¥882 million, including ¥87 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, and ¥793 million in impairment losses.」
Impairment losses increased from ¥387 million in the previous fiscal year to ¥793 million. Although losses on disposal of property, plant and equipment decreased, extraordinary losses related to stores and other items continued to arise. - FY2021-Q3WorsenedAnnual report
「Losses on disposal of property, plant and equipment 106 46; impairment losses 116 293」
Impairment losses totaled ¥293 million during the cumulative third-quarter period, up from ¥116 million in the same period of the previous year. Losses on disposal of property, plant and equipment were ¥46 million, down from ¥106 million in the same period of the previous year, but losses related to stores and other items continued. - FY2021-Q2WorsenedAnnual report
「The Company recorded impairment losses of ¥118 million in the Apparel Business and ¥91 million in the General Merchandise Business.」
Impairment losses increased from ¥80 million in total in the same period of the previous year to ¥209 million during the period. Losses related to stores and other items expanded during the cumulative second-quarter period. - FY2021-Q1MitigatedAnnual report
「Extraordinary losses」
Losses on disposal of property, plant and equipment were ¥5 million and impairment losses were ¥9 million in the first quarter, compared with ¥0 million and ¥19 million, respectively, in the same quarter of the previous year, resulting in a decrease in impairment losses. However, losses related to stores and other items did arise. - FY2020MitigatedAnnual report
「Extraordinary losses totaled ¥564 million, including ¥162 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, and ¥387 million in impairment losses.」
Losses on disposal of property, plant and equipment related to stores decreased from ¥266 million in the previous fiscal year to ¥162 million, and impairment losses decreased from ¥475 million to ¥387 million. Total extraordinary losses also decreased from ¥882 million to ¥564 million. - FY2020-Q3MitigatedAnnual report
「The Company recorded impairment losses of ¥810,000 in the Apparel Business and ¥35 million in the General Merchandise Business.」
Impairment losses decreased from ¥312 million in total in the same period of the previous year to ¥116 million in total in the current quarter. Losses on disposal of property, plant and equipment increased from ¥101 million in the same period of the previous year to ¥106 million, but total extraordinary losses decreased from ¥550 million to ¥223 million. - FY2020-Q2MitigatedAnnual report
「Losses on disposal of property, plant and equipment 72; impairment losses 80」
Losses on disposal of property, plant and equipment decreased from ¥99 million in the same period of the previous year to ¥72 million, and impairment losses decreased from ¥278 million to ¥80 million, reducing losses related to stores and other items. - FY2020-Q1MitigatedAnnual report
「Losses on disposal of property, plant and equipment 0; impairment losses 19」
Losses on disposal of property, plant and equipment decreased from ¥46 million in the same period of the previous year to ¥0 million, and impairment losses decreased from ¥29 million to ¥19 million, reducing losses related to stores and other items. - FY2019MitigatedAnnual report
「Extraordinary losses totaled ¥882 million, including ¥266 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, and ¥475 million in impairment losses.」
Losses on disposal of property, plant and equipment related to stores totaled ¥266 million, while impairment losses totaled ¥475 million. Impairment losses decreased from ¥1,766 million in the previous fiscal year, and total extraordinary losses also decreased from ¥2,038 million to ¥882 million. - FY2019-Q3MitigatedAnnual report
「The Company recorded impairment losses of ¥282 million in the Apparel Business and ¥30 million in the General Merchandise Business.」
Impairment losses decreased from ¥434 million in total in the same period of the previous year to ¥312 million in the cumulative consolidated third-quarter period. Losses on disposal of property, plant and equipment also decreased from ¥162 million in the same period of the previous year to ¥101 million. - FY2019-Q2MitigatedAnnual report
「Losses on disposal of property, plant and equipment: ¥153 million; impairment losses: ¥347 million」
Compared with ¥153 million in losses on disposal of property, plant and equipment and ¥347 million in impairment losses in the same period of the previous year, the cumulative consolidated second-quarter period recorded ¥99 million and ¥278 million, respectively, indicating a decrease in losses related to stores and other items. However, losses themselves did arise. - FY2019-Q1MitigatedAnnual report
「The Company recorded impairment losses of ¥63 million in the Apparel Business and ¥14 million in the General Merchandise Business.」
Impairment losses decreased from ¥74 million in total in the same quarter of the previous year to ¥29 million in total in the current quarter. However, including ¥46 million in losses on disposal of property, plant and equipment, losses related to stores and other items themselves did arise. - FY2018WorsenedAnnual report
「Extraordinary losses totaled ¥2,038 million, including ¥262 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, and ¥1,766 million in impairment losses.」
Losses associated with store closures and changes in business format continued to arise, and impairment losses increased from ¥649 million in the previous fiscal year to ¥1,766 million. - FY2018-Q3MaterialisedAnnual report
「Losses on disposal of property, plant and equipment: ¥162 million; impairment losses: ¥434 million」
During the cumulative consolidated third-quarter period as well, ¥162 million in losses on disposal of property, plant and equipment and ¥434 million in impairment losses were recorded, and losses related to unprofitable stores and other items actually arose. - FY2018-Q2MaterialisedAnnual report
「Losses on disposal of property, plant and equipment: ¥153 million; impairment losses: ¥347 million」
During the cumulative second-quarter period as well, ¥153 million in losses on disposal of property, plant and equipment and ¥347 million in impairment losses were recorded, and losses related to unprofitable stores and other items actually arose. - FY2018-Q1MaterialisedAnnual report
「Losses on disposal of property, plant and equipment: ¥42 million; impairment losses: ¥74 million」
During the first quarter as well, ¥42 million in losses on disposal of property, plant and equipment and ¥74 million in impairment losses were recorded, and losses related to unprofitable stores and other items actually arose. - FY2017MaterialisedAnnual report
「In addition to recording ¥170 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, the Company recorded ¥649 million in impairment losses, resulting in total losses of ¥823 million.」
¥170 million in losses on disposal of property, plant and equipment and ¥649 million in impairment losses associated with store closures and changes in business format actually arose during the period as well. - FY2017-Q3MaterialisedAnnual report
「Losses on disposal of property, plant and equipment: ¥89 million; impairment losses: ¥185 million」
During the cumulative third-quarter period as well, ¥89 million in losses on disposal of property, plant and equipment and ¥185 million in impairment losses were recorded, and losses related to unprofitable stores and other items actually arose. - FY2017-Q2MaterialisedAnnual report
「The Company recorded ¥95 million in losses on disposal of property, plant and equipment and ¥163 million in impairment losses.」
During the cumulative second-quarter period as well, ¥95 million in losses on disposal of property, plant and equipment and ¥163 million in impairment losses were actually recorded. - FY2017-Q1MaterialisedAnnual report
「The Company recorded ¥63 million in impairment losses in the Apparel Business.」
The Apparel Business actually recorded ¥63 million in impairment losses in the first quarter as well. - FY2016First statedAnnual report
「In addition to recording ¥230 million in losses on disposal of property, plant and equipment due to store closures, changes in business format and other factors, the Company recorded ¥560 million in impairment losses, resulting in total extraordinary losses of ¥816 million.」
Costs associated with store closures and changes in business format, as well as impairment losses, actually arose during the period in connection with actions taken regarding unprofitable stores.