Impairment Risk for Property, Plant and Equipment
First written in FY2020. 2 of 4 entries say "Worsened", first in FY2021. Latest entry: FY2025.
Landix moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If a sharp deterioration in the future profitability of the business's recurring cash flows or a significant decline in the fair value of held assets is recognized due to abrupt changes in economic conditions, worsening financial conditions or other factors, the application of impairment accounting could affect the operating results and financial position of the Group.」
The impairment risk associated with the profitability and fair-value decline of fixed assets continued to be disclosed in the same form as before. - FY2024WorsenedAnnual report
「For the rental property concerned, the Company determined that there were indications of impairment because the profit or loss from operating activities after allocation of indirect costs such as head-office expenses had been negative for 2 consecutive periods, and considered whether it was necessary to recognize an impairment loss.」
It was determined that indications of impairment continued for overseas rental real estate due to operating losses for 2 consecutive periods. Because undiscounted future cash flows exceeded the carrying amount, no impairment loss was recognized. - FY2021WorsenedAnnual report
「For the rental property concerned, the Company determined that there were indications of impairment because rental income had declined significantly, and considered whether it was necessary to recognize an impairment loss.」
Indications of impairment were recognized for overseas rental real estate due to a significant decline in rental income. However, it was determined that undiscounted future cash flows exceeded the carrying amount, and no impairment loss was recognized. - FY2020First statedAnnual report
「If a sharp deterioration in the future profitability of the business's recurring cash flows or a significant decline in the fair value of held assets is recognized due to abrupt changes in economic conditions, worsening financial conditions or other factors, the application of impairment accounting could affect the operating results and financial position of the Group.」
The impairment risk associated with the profitability and fair-value decline of held fixed assets was disclosed for the first time.