Emergence of impairment risks for fixed assets and inventories amid the spread of infectious diseases
First written in FY2020. 3 of 5 entries say "Materialised", first in FY2020. Latest entry: FY2025.
Festaria Holdings moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「During the current consolidated fiscal year, our group reduced the carrying amount of operating assets whose profitability had declined significantly to their recoverable amount and recorded the reduction of ¥18.122 million as an impairment loss under extraordinary losses.」
The company recorded ¥18.122 million in impairment losses due to declining profitability in FY2025, up from ¥7.424 million in the previous fiscal year. - FY2024MitigatedAnnual report
「During the current consolidated fiscal year, our group reduced the carrying amount of operating assets whose profitability had declined significantly to their recoverable amount and recorded the reduction of ¥7.424 million as an impairment loss under extraordinary losses.」
Impairment losses due to declining profitability also occurred in FY2024, but the amount decreased from ¥20.762 million in the previous fiscal year to ¥7.424 million. - FY2023MaterialisedAnnual report
「During the current consolidated fiscal year, our group reduced the carrying amount of operating assets whose profitability had declined significantly to their recoverable amount and recorded the reduction of ¥20.762 million as an impairment loss under extraordinary losses.」
The company recorded impairment losses of ¥20.762 million in FY2023 on stores and other assets whose profitability had declined. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, our group reduced the carrying amount of operating assets whose profitability had declined significantly to their recoverable amount and recorded the reduction of ¥23.357 million as an impairment loss under extraordinary losses.」
In FY2022, the company recorded impairment losses of ¥23.357 million on stores and other assets in Hiratsuka, Kanagawa; Suita, Osaka; and Kumamoto, Kumamoto. - FY2020MaterialisedAnnual report
「In light of significant changes in the business environment accompanying the spread of COVID-19, the company reviewed the profitability of its fixed assets and inventories and recorded ¥567 million in extraordinary losses, mainly impairment losses on fixed assets, in the fourth quarter of the current consolidated fiscal year.」
Following changes in the business environment caused by the spread of the infectious disease, profitability of fixed assets and inventories actually declined, and the company recorded ¥567 million in extraordinary losses, mainly impairment losses on fixed assets.