Impairment risk for held assets and low-profitability businesses
First written in FY2017. 5 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 63 of 115 companies on the "Worse" side.
37 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Because there is no significant divergence between actual results for the current consolidated fiscal year and the long-term plan, it has been determined that there are no indications of impairment.」
For JBF, it was determined that there were no indications of impairment of fixed assets because there was no significant divergence between actual results for the year and the long-term plan. The carrying amount of fixed assets is ¥727.610 million. - FY2023MitigatedAnnual report
「Because actual results for the current consolidated fiscal year achieved the long-term plan and are expected to achieve it from the next consolidated fiscal year onward, it has been determined that there are no indications of impairment.」
It has been disclosed that, for JBF, no indications of impairment of fixed assets were identified because the long-term plan was achieved in the current year and is expected to be achieved in subsequent years. - FY2022RestatedAnnual report
「Regarding the consolidated subsidiary JAPAN BEST FOODS COMPANY LIMITED, hereinafter referred to as JBF, the Group has identified indications of impairment because actual results have diverged from the business plan due to the stagnation of economic activity caused by the spread of COVID-19.」
For JBF, the identification of indications of impairment due to a divergence between the business plan and actual results continues. No impairment loss for the year is disclosed. - FY2021WorsenedAnnual report
「Regarding the consolidated subsidiary JAPAN BEST FOODS COMPANY LIMITED, hereinafter referred to as JBF, the Group has identified indications of impairment because sufficient sales channels have not been secured as planned and actual results have diverged from the business plan.」
For JBF, indications of impairment of fixed assets were identified because sufficient sales channels had not been secured and actual results had diverged from the business plan. No impairment loss was recognized for the year itself. - FY2021-Q2RestatedAnnual report
「Although the impact of COVID-19 is expected to gradually diminish going forward compared with the cumulative second quarter, as economic activity has been resuming since the lifting of the state of emergency, accounting estimates for impairment of fixed assets, the recoverability of deferred tax assets and other items have been made on the assumption that the impact will continue through the end of the current consolidated fiscal year.」
Under the assumption that the impact of COVID-19 will continue through the end of the fiscal year, accounting estimates have been made regarding impairment of fixed assets. No new impairment loss is disclosed this time. - FY2020RestatedAnnual report
「During the current consolidated fiscal year, because the recovery in profitability of a portion of the operating assets of the daily-delivery foods segment has been delayed, their carrying amount was reduced to the recoverable amount, and the resulting reduction of ¥660.238 million was recognized as an impairment loss under extraordinary losses.」
The impairment of operating assets in the daily-delivery foods segment disclosed in the third quarter was confirmed in the full-year results as an impairment loss of ¥660.238 million. - FY2020-Q3MaterialisedAnnual report
「As a result of recognizing an impairment loss on a portion of the operating assets of the daily-delivery foods segment as an extraordinary loss, quarterly net income attributable to owners of the parent was ¥339 million, down 42.3% year on year.」
Regarding impairment risk for held assets and low-profitability businesses, it was disclosed that an impairment loss of ¥660.238 million was actually recognized on a portion of the operating assets of the daily-delivery foods segment. - FY2019RestatedAnnual report
「If impairment becomes necessary for held assets, including investment securities, whose underlying value has declined, or for low-profitability businesses, this may adversely affect the performance and financial condition of the Group.」
The impairment risk arising from declines in the value of held assets and low-profitability businesses has been reaffirmed. - FY2018RestatedAnnual report
「If impairment becomes necessary for held assets, including investment securities, whose underlying value has declined, or for low-profitability businesses, this may adversely affect the performance and financial condition of the Group.」
The impairment risk arising from declines in the value of held assets and low-profitability businesses has been reaffirmed. - FY2017First statedAnnual report
「The Group applies impairment accounting. If impairment becomes necessary for held assets, including investment securities, whose underlying value has declined, or for low-profitability businesses, this may adversely affect the performance and financial condition of the Group.」
The possibility of impairment charges arising from declines in the underlying value of held assets and from low-profitability businesses is described as a risk.