Impairment Losses and Closure Losses Associated with Unprofitable Stores and Store Closures
First written in FY2017-Q2. 16 of 35 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2027-H1.
j-Group Holdings Corp. moved to the "Worse" side of this theme in 2020, 3 years after the typical company in this theme (2017).
The whole theme swung hardest in 2017: 13 of 19 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Total extraordinary losses 26,881 3,340 Losses on disposal of fixed assets 231 3,340 Store closure losses 26,650 －」
No store closure losses were recorded in the current interim consolidated accounting period, down from ¥26.650 million in the same period of the previous year. - FY2026MitigatedAnnual report
「During the fiscal year, the Group recorded impairment losses on the following assets: Use/location: restaurants; Aichi Prefecture, Shizuoka Prefecture and elsewhere; 15 stores.」
Impairment losses on restaurants were ¥137.277 million, involving 15 stores. Both the amount and the number of stores decreased from ¥140.704 million and 17 stores in the previous fiscal year. - 2026-04-10MaterialisedOccurring Fact
「Among the fixed assets held by the Company and the Group, we recognized impairment losses in accordance with the accounting standard for impairment of fixed assets on assets scheduled for disposal through sale or otherwise and stores whose profitability had declined. For the consolidated fiscal year ending February 2026, we recorded an impairment loss of ¥137 million as an extraordinary loss.」
An impairment loss of ¥137 million was recorded for assets scheduled for disposal, including stores whose profitability had declined. The impairment loss occurred in the full-year results. - FY2025WorsenedAnnual report
「During the fiscal year, the Group recorded impairment losses on the following assets: Use/location: restaurants; Aichi Prefecture, Kyoto Prefecture and elsewhere; 17 stores.」
The Group recorded impairment losses of ¥140.704 million on 17 restaurants, bringing total impairment losses for the full year to ¥140.946 million. This was an increase from impairment losses of ¥116.045 million on 8 restaurants in the previous year. - FY2025-H1MitigatedAnnual report
「Total extraordinary losses 5,325 105,248」
In the current interim consolidated accounting period, store closure losses were ¥3.599 million and impairment losses were ¥1.726 million, both down from store closure losses of ¥12.681 million and impairment losses of ¥88.650 million in the same period of the previous year. - FY2025-Q1MitigatedAnnual report
「Extraordinary losses Loss on disposal of property, plant and equipment 0 0 Store-closure loss 12,241 850 Impairment loss 483 242 Other 3,100 －」
The store-closure loss for the first quarter was ¥850 thousand and the impairment loss was ¥242 thousand, both down from the previous year's store-closure loss of ¥12.241 million and impairment loss of ¥483 thousand. - FY2024MitigatedAnnual report
「Extraordinary losses included a store-closure loss of ¥22 million and an impairment loss of ¥116 million.」
The store-closure loss decreased from ¥71 million in the previous period to ¥22 million, while the impairment loss decreased from ¥120 million to ¥116 million. - FY2024-Q3Slight increase in store-closure loss, impairment loss flatAnnual report
「Extraordinary losses Loss on sale of property, plant and equipment － 815 Store-closure loss 64,143 12,681 Impairment loss 16,261 88,650」
For the cumulative third-quarter period, the store-closure loss was ¥12.707 million and the impairment loss was ¥88.650 million. Year on year, the store-closure loss decreased, while the impairment loss increased substantially. - FY2024-Q2WorsenedAnnual report
「Extraordinary losses Loss on sale of property, plant and equipment － 815 Store-closure loss 64,143 12,681 Impairment loss 16,261 88,650」
During the cumulative second-quarter period, a store-closure loss of ¥12.681 million and an impairment loss of ¥88.650 million were recorded. Compared with the store-closure loss of ¥64.143 million and impairment loss of ¥16.261 million in the same period of the previous year, the impairment loss increased substantially. - FY2024-Q1MitigatedAnnual report
「Loss on sale of property, plant and equipment － Store-closure loss 12,241 Impairment loss 483」
The store-closure loss for the first quarter was ¥12.241 million and the impairment loss was ¥483 thousand, both down from the previous year's store-closure loss of ¥22.074 million and impairment loss of ¥16.038 million. - FY2023Decrease in store-closure loss, increase in impairment lossAnnual report
「Grant income of ¥684 million, including employment adjustment subsidies and other grants for cooperation with requests for temporary closures and reduced operating hours, was recorded as an extraordinary gain. Extraordinary losses included ¥109 million in losses from temporary closures and other effects associated with the spread of COVID-19, an impairment loss of ¥120 million and a store-closure loss of ¥71 million.」
For the full year, the store-closure loss decreased to ¥71.895 million, while the impairment loss increased to ¥120.918 million, with impairment losses recorded for 21 stores. - FY2023-Q3Slight increase in store-closure loss, impairment loss flatAnnual report
「Extraordinary losses Loss on sale of property, plant and equipment － 721 Loss on disposal of property, plant and equipment 600 3,548 Store-closure loss 81,897 65,180 Impairment loss 18,467 16,261 Loss due to temporary store closures 951,514 109,966」
A store-closure loss of ¥65.180 million, an impairment loss of ¥16.261 million and a temporary store-closure loss of ¥109.966 million were recorded during the cumulative third-quarter period. The store-closure loss decreased from ¥81.897 million in the same period of the previous year but increased from ¥63.746 million in the cumulative previous quarter. - FY2023-Q2WorsenedAnnual report
「Extraordinary losses included a loss on sale of property, plant and equipment of ¥721 thousand, a store-closure loss of ¥64.143 million, an impairment loss of ¥16.261 million and a loss of ¥109.966 million due to the temporary closure of stores.」
A store-closure loss of ¥64.143 million, an impairment loss of ¥16.261 million and a temporary store-closure loss of ¥109.966 million were recorded. In addition, a goodwill impairment loss of ¥12.187 million was recorded in the food-service segment, and losses related to unprofitable stores and temporary closures continued. - FY2023-Q1WorsenedAnnual report
「Store-closure loss 24,022 22,074 Impairment loss － 16,038」
In addition to a store-closure loss of ¥22.074 million, an impairment loss of ¥16.038 million, which had not been recorded in the same period of the previous year, was recognized. Losses related to unprofitable stores and store closures have recurred in the reported results. - FY2022MitigatedAnnual report
「Store-closure loss 105,571 Impairment loss 27,944」
The store-closure loss was ¥105.571 million and the impairment loss was ¥27.944 million, both down from the previous year's store-closure loss of ¥148.370 million and impairment loss of ¥597.119 million. - FY2022-Q3WorsenedAnnual report
「Extraordinary losses included a loss on disposal of property, plant and equipment of ¥600 thousand, a store-closure loss of ¥81.897 million, an impairment loss of ¥18.467 million and a loss of ¥951.514 million due to the temporary closure of stores.」
A store-closure loss of ¥81.897 million, an impairment loss of ¥18.467 million and a temporary store-closure loss of ¥951.514 million were recorded, increasing store-closure- and temporary-closure-related losses from the cumulative previous quarter. - FY2022-Q2WorsenedAnnual report
「Extraordinary losses included a loss on disposal of property, plant and equipment of ¥600 thousand, a store-closure loss of ¥63.746 million, an impairment loss of ¥18.467 million and a loss of ¥752.044 million due to the temporary closure of stores.」
A store-closure loss of ¥63.746 million, an impairment loss of ¥18.467 million in the food-service segment and a temporary store-closure loss of ¥752.044 million were recorded during the cumulative second-quarter period. Closure- and impairment-related losses increased from the cumulative previous quarter. - FY2022-Q1MitigatedAnnual report
「As fixed costs and other expenses associated with store operations during the period of voluntary suspension of operations of ¥380 million were recorded as extraordinary losses, the quarterly net loss attributable to owners of the parent was ¥342 million (compared with a quarterly net loss attributable to owners of the parent of ¥1.639 billion in the same period of the previous year).」
A store-closure loss of ¥24.022 million was recorded in the first quarter, while no impairment loss was recorded. Fixed costs and other expenses during the period of voluntary suspension of operations were ¥380.841 million, and related losses decreased from the temporary store-closure loss of ¥559.921 million and impairment loss of ¥567.747 million recorded in the same period of the previous year. - FY2021WorsenedAnnual report
「As fixed costs and other expenses associated with store operations during the period of voluntary suspension of operations of ¥1.013 billion, the ¥597 million reduction resulting from reducing the carrying amounts of assets in the food-service segment, including overseas operations, to their recoverable amounts in consideration of the impact of the spread of COVID-19, and ¥148 million in store-closure expenses were recorded as extraordinary losses, the net loss attributable to owners of the parent for the year was ¥2.352 billion.」
Fixed costs of ¥1.013 billion associated with the voluntary suspension of operations, an impairment loss of ¥597 million in the food-service segment and store-closure expenses of ¥148 million were recorded for the full year, increasing related losses. - FY2021-Q3WorsenedAnnual report
「In addition, grant income of ¥519 million, including employment adjustment subsidies, was recorded as an extraordinary gain, while fixed costs and other expenses associated with store operations during the period of voluntary suspension of operations of ¥661 million and the ¥584 million reduction resulting from reducing the carrying amounts of assets in the food-service segment, including overseas operations, to their recoverable amounts in consideration of the impact of the spread of COVID-19 were recorded as extraordinary losses. As a result, the quarterly net loss attributable to owners of the parent was ¥1.913 billion (compared with a quarterly net loss attributable to owners of the parent of ¥141 million in the same period of the previous year).」
Fixed costs and other expenses of ¥661 million associated with the period of voluntary suspension of operations and an impairment loss of ¥584 million in the food-service segment, including overseas operations, were recorded, increasing related losses from the cumulative previous quarter. - FY2021-Q2WorsenedAnnual report
「As fixed costs and other expenses associated with store operations during the period of voluntary suspension of operations were recorded as extraordinary losses of ¥650 million, and the carrying amounts of assets in the food-service segment, including overseas operations, were reduced to their recoverable amounts in consideration of the impact of the spread of COVID-19, with the resulting reduction of ¥567 million recorded, the quarterly net loss attributable to owners of the parent was ¥1.376 billion.」
Fixed costs and other expenses of ¥650 million associated with the voluntary suspension of operations and an impairment loss of ¥567 million in the food-service segment, including overseas operations, were recorded, and losses related to temporarily closed and unprofitable stores expanded. - FY2021-Q1WorsenedAnnual report
「As fixed costs associated with store operations during the period of voluntary suspension of operations were recorded as extraordinary losses of ¥559 million, and the carrying amounts of assets in the food-service segment, including overseas operations, were reduced to their recoverable amounts in consideration of the impact of the spread of COVID-19, with the resulting reduction of ¥567 million recorded as an extraordinary loss, the quarterly net loss attributable to owners of the parent was ¥1.639 billion.」
Fixed costs of ¥559 million associated with the voluntary suspension of operations and an impairment loss of ¥567 million on food-service segment assets were recorded, and losses related to store closures and unprofitable stores expanded substantially due to the impact of COVID-19. - FY2020WorsenedAnnual report
「A store-closure loss of ¥101 million and an impairment loss of ¥131 million were recorded.」
For the full year, the store-closure loss was ¥101.917 million and the impairment loss was ¥131.605 million. The impairment loss increased substantially from the previous year's store-closure loss of ¥95.657 million and impairment loss of ¥13.543 million. - FY2020-Q3WorsenedAnnual report
「Extraordinary losses Store-closure loss 47,323」
The store-closure loss for the cumulative third-quarter period was ¥47.323 million, up from ¥18.268 million in the same period of the previous year. - FY2020-Q2MitigatedAnnual report
「Extraordinary losses Store-closure loss 1,275」
The store-closure loss for the cumulative second-quarter period was ¥1.275 million, down from ¥14.870 million in the same period of the previous year. - FY2020-Q1MitigatedAnnual report
「Extraordinary losses Store-closure loss －」
No store-closure or impairment loss was recorded in the first quarter, and no store-closure-related loss incurred in the previous period was recorded in the current quarter. - FY2019Decrease in impairment loss, increase in store-closure lossAnnual report
「The store-closure loss was ¥95.657 million and the impairment loss was ¥13.543 million.」
The impairment loss decreased from ¥39.615 million in the same period of the previous year to ¥13.543 million, while the store-closure loss increased from ¥88.097 million to ¥95.657 million. - FY2019-Q3MitigatedAnnual report
「Impairment loss - Store-closure loss 18,268」
No impairment loss was recorded during the cumulative third-quarter period, while the store-closure loss decreased from ¥77.173 million in the same period of the previous year to ¥18.268 million. - FY2019-Q2MitigatedAnnual report
「Extraordinary losses Impairment loss - Store-closure loss 14,870」
No impairment loss was recorded during the cumulative second-quarter period, while the store-closure loss was ¥14.870 million, down from the impairment loss of ¥10.377 million and store-closure loss of ¥73.377 million recorded in the same period of the previous year. - FY2019-Q1WorsenedAnnual report
「Extraordinary losses Store-closure loss 13,461」
The store-closure loss for the first quarter was ¥13.461 million, up from ¥33 thousand in the same period of the previous year. - FY2018-Q3Increase in store-closure lossAnnual report
「The impairment loss was ¥10.377 million and the store-closure loss was ¥77.173 million.」
The impairment loss decreased from ¥20.033 million in the same period of the previous year to ¥10.377 million, while the store-closure loss increased from ¥51.057 million to ¥77.173 million. It also increased from ¥73.377 million in the cumulative previous quarter. - FY2018-Q2WorsenedAnnual report
「The impairment loss was ¥10.377 million and the store-closure loss was ¥73.377 million.」
The store-closure loss for the cumulative second-quarter period was ¥73.377 million, up from ¥47.169 million in the same period of the previous year. Meanwhile, the impairment loss decreased from ¥20.033 million to ¥10.377 million. - FY2017WorsenedAnnual report
「This was mainly due to the recording of ¥42 million in profit before income taxes and other taxes, ¥790 million in depreciation and amortization, a ¥34 million impairment loss and a ¥65 million store-closure loss, which are non-cash items, among other factors.」
For the full year, the impairment loss was ¥34.237 million and the store-closure loss was ¥65.164 million, with store-closure and other losses increasing from the amounts reported through the previous quarter. - FY2017-Q3WorsenedAnnual report
「Impairment loss 20,033 Store-closure loss 51,057」
An impairment loss of ¥20.033 million related to unprofitable stores was recorded, and the store-closure loss was ¥51.057 million. This was up from the ¥47.169 million store-closure loss reported for the previous quarter. - FY2017-Q2First statedAnnual report
「In the "Food Service" segment, the carrying amounts of structures, tools, equipment and fixtures and other assets related to unprofitable stores operated by J Project were reduced to their recoverable amounts, and the resulting reduction was recorded as an impairment loss under extraordinary losses. The impairment loss recorded for the cumulative second-quarter period was ¥20.033 million.」
An impairment loss of ¥20.033 million related to unprofitable stores was recorded, along with a store-closure loss of ¥47.169 million. The risks have materialized as actual losses.