Declining asset profitability and impairment accounting
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2017: 31 of 67 companies on the "Worse" side.
22 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「If the profitability of these assets declines because of falling fair values or future cash inflows and recovery of the investment becomes unlikely, the assets may be subject to impairment accounting, which reflects the decline in value in their carrying amounts」
The company is reaffirming the decline in asset profitability and the possibility that impairment accounting may apply. - FY2017RestatedAnnual report
「If the profitability of these assets declines because of falling fair values or future cash inflows and recovery of the investment becomes unlikely, the assets may be subject to impairment accounting, which reflects the decline in value in their carrying amounts, potentially adversely affecting results of operations and financial condition.」
The company is reaffirming the decline in asset profitability and the possibility that impairment accounting may apply. - FY2016First statedAnnual report
「If the profitability of these assets declines because of falling fair values or future cash inflows and recovery of the investment becomes unlikely, the assets may be subject to impairment accounting, which reflects the decline in value in their carrying amounts」
The company identifies impairment risk arising from the value of assets such as real estate and future cash flows.