Impairment loss due to lower profitability in the apparel business
First written in FY2018. 1 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2019.
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- FY2019MaterialisedAnnual report
「As the profitability of the apparel business declined, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was calculated by assuming value in use to be zero. The impairment loss consisted of ¥121 thousand for building fixtures and ¥524 thousand for vehicles and equipment, both belonging to the asset group for the apparel business.」
During the current consolidated fiscal year, impairment losses totaling ¥645 thousand were recognized on building fixtures and vehicles and equipment in connection with the decline in profitability of the apparel business. - FY2018First statedAnnual report
「As the profitability of the apparel business declined, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
The decline in profitability in the apparel business led to an actual impairment loss, with impairment loss of ¥3.840 million recognized for assets of the apparel business.