Risk of Impairment and Disposal of Refrigerated Warehouse Fixed Assets
First written in FY2016. 9 of 13 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-14.
Yokorei moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2024: 3 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Because a decline in profitability was identified for the above asset group during the current consolidated fiscal year, its carrying amount was reduced to its recoverable amount, and the resulting reduction of ¥557 million was recorded as an impairment loss.」
The fixed asset risk materialized as impairment losses of ¥539 million in the refrigerated warehouse business and ¥18 million in the food sales business, for a total of ¥557 million. - FY2021MaterialisedAnnual report
「During the fiscal year, the company recorded an extraordinary gain of ¥2,646 million from the transfer of shares in HIYR AS, the holding company of Hofseth Aqua AS, and Syvde Eiendom AS in connection with the restructuring of the Norwegian aquaculture business, an impairment loss of ¥598 million associated with a revision of the business plan for the Kimobetsu Logistics Center, and a loss of ¥234 million on the removal of facilities associated with the closure of the Hakozaki Logistics Center.」
The fixed asset risk materialized as an impairment loss of ¥598 million at the Kimobetsu Logistics Center and a ¥234 million loss on removal associated with the closure of the Hakozaki Logistics Center. - FY2021-Q2MaterialisedAnnual report
「At the end of the second quarter, the company recorded ¥227 million in extraordinary losses associated with the closure of the aging Hakozaki Logistics Center.」
¥227 million in extraordinary losses related to demolition and other costs was recorded in connection with the closure of the aging Hakozaki Logistics Center. - FY2018RestatedAnnual report
「The refrigerated warehouse business owns numerous refrigerated warehouses that require substantial capital investment. If changes in the business environment for refrigerated warehouses, such as changes to the road network or lower catches, impair the business environment or convenience of customer companies, the Group’s results could be materially affected by lower revenue, impairment of fixed assets or disposal of fixed assets.」
The risk of lower revenue, impairment or disposal due to changes in the business environment for refrigerated warehouses was reiterated. - FY2018-Q1MaterialisedAnnual report
「The company recorded ¥280 million in demolition costs as an extraordinary loss because the Kobe Logistics Center was closed in the previous consolidated fiscal year due to aging,」
¥280 million in demolition costs associated with the closure of the aging Kobe Logistics Center was recorded as an extraordinary loss. - FY2017MaterialisedAnnual report
「However, during the fiscal year, the segment was affected by various factors, including higher depreciation resulting from the construction of new logistics centers, one-time start-up expenses, and temporary declines in sales and profit associated with the closure of the Koyasu and Kobe Logistics Centers, among others.」
Temporary declines in sales and profit associated with logistics center closures were reported as actual results for the Kobe Logistics Center in addition to the Koyasu Logistics Center. No impairment loss was reported. - FY2017-Q3RestatedAnnual report
「However, during the fiscal year, the segment was affected by various factors, including higher depreciation resulting from the construction of new logistics centers, one-time start-up expenses, and the loss of revenue from the Koyasu Logistics Center, whose closure had been decided, among others.」
The decision to close the Koyasu Logistics Center and the resulting loss of revenue continue to be cited as factors affecting results in the refrigerated warehouse business. - FY2017-Q2RestatedAnnual report
「However, the segment posted lower revenue and profit due to factors including lower inventory levels at the beginning of the fiscal year compared with the previous fiscal year, higher depreciation and the loss of revenue from the Koyasu Logistics Center, whose closure had been decided.」
The decision to close the Koyasu Logistics Center and the resulting loss of revenue continue to be cited as factors behind lower revenue and profit in the refrigerated warehouse business. - FY2017-Q1MaterialisedAnnual report
「However, the segment posted lower revenue and profit due to factors including lower inventory levels at the beginning of the fiscal year compared with the previous fiscal year, higher depreciation and the loss of revenue from the Koyasu Logistics Center, whose closure had been decided.」
The decision to close the Koyasu Logistics Center and the resulting loss of revenue were cited as actual factors behind lower revenue and profit. No impairment or disposal of fixed assets was reported. - FY2016First statedAnnual report
「If changes in the business environment for refrigerated warehouses, such as changes to the road network or lower catches, impair the business environment or convenience of customer companies, the Group’s results could be materially affected by lower revenue, impairment of fixed assets or disposal of fixed assets.」
The company identifies as a risk that changes in the business environment affecting its many refrigerated warehouses could lead to lower revenue, impairment or disposal.