Risk of Lower Profitability and Impairment of Store Fixed Assets
First written in FY2016. 22 of 23 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
J.Front Retailing moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2025: 32 of 75 companies on the "Worse" side.
19 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Impairment losses recognized in the current consolidated fiscal year (fiscal year ending February 2026) primarily related to Daimaru Umeda of 株式会社大丸松坂屋百貨店, Shizuoka of 株式会社パルコ and Kawasaki Zero Gate of Ｊ.フロント都市開発株式会社, totaling ¥1,979 million.」
The deterioration in the profitability of stores and commercial facilities and the associated impairment risk continued to materialize as impairment losses of ¥730 million at Daimaru Umeda, ¥895 million at Shizuoka PARCO and ¥256 million at Kawasaki Zero Gate, among others. - 2026-04-14MaterialisedEarnings presentation
「Impairment loss 1,083 — Mainly Daimaru Matsuzakaya Department Stores」
An impairment loss of ¥1,083 million was recognized during the current period, reflecting continued deterioration in the profitability of store fixed assets. - FY2025MaterialisedAnnual report
「In the department store business, the carrying amounts of buildings, structures and land were reduced to their recoverable amounts due primarily to declining profitability at Matsuzakaya Shizuoka of 株式会社大丸松坂屋百貨店, and the resulting reduction of ¥1,730 million was recognized as an impairment loss.」
Regarding the deterioration in the profitability of fixed assets at stores and the associated impairment risk, impairment losses of ¥1,730 million were recorded, mainly in connection with Matsuzakaya Shizuoka. In the shopping center business, impairment losses of ¥683 million were also recorded in connection with HAB@Kumamoto. - FY2024-Q3MaterialisedAnnual report
「The impairment losses for the first 3 quarters of the current consolidated fiscal year primarily resulted from reductions in the carrying amounts of buildings, structures, land and other assets to their recoverable amounts due to declining profitability at Daimaru Shimonoseki of 株式会社大丸松坂屋百貨店.」
Regarding the deterioration in the profitability of fixed assets at stores and the associated impairment risk, impairment losses of ¥993 million were recorded, mainly in connection with Daimaru Shimonoseki, and the risk continued to materialize. - FY2024-Q2MaterialisedAnnual report
「The impairment losses for the first half of the current consolidated fiscal year primarily resulted from reductions in the carrying amounts of buildings, structures, land and other assets to their recoverable amounts due to declining profitability at Daimaru Shimonoseki of 株式会社大丸松坂屋百貨店.」
Regarding the deterioration in the profitability of fixed assets at stores and the associated impairment risk, impairment losses of ¥993 million were recorded, mainly in connection with Daimaru Shimonoseki. - FY2023MaterialisedAnnual report
「The impairment losses recognized in the current consolidated fiscal year primarily resulted from reductions in the carrying amounts of right-of-use assets and other assets to their recoverable amounts due to declining profitability at Daimaru Umeda and Daimaru Shimonoseki of 株式会社大丸松坂屋百貨店 and Shizuoka of 株式会社パルコ.」
Regarding the deterioration in the profitability of fixed assets at stores and the associated impairment risk, impairment losses of ¥5,900 million were recorded in the fiscal year ending February 2023, materializing at Daimaru Umeda and Shimonoseki and Shizuoka PARCO, among others. - FY2023-Q2MaterialisedAnnual report
「The impairment losses for the first half of the current consolidated fiscal year primarily resulted from reductions in the carrying amounts of buildings, structures, land and other assets to their recoverable amounts due to declining profitability at Daimaru Shimonoseki of 株式会社大丸松坂屋百貨店.」
Regarding the deterioration in the profitability of fixed assets at stores and the associated impairment risk, impairment losses of ¥1,293 million were recorded, mainly in connection with Daimaru Shimonoseki. - FY2022MaterialisedAnnual report
「There were no reversals of impairment losses recognized in the current consolidated fiscal year (fiscal year ending February 2022).」
Regarding the deterioration in the profitability of fixed assets at stores and the associated impairment risk, impairment losses of ¥1,136 million were incurred, including those related to Tsudanuma PARCO, Dotonbori Zero Gate and the Nishiki 3-chome Building. - FY2022-Q3MaterialisedAnnual report
「Impairment losses (Note 1) 37」
Impairment losses of ¥37 million were also recorded in the first 3 quarters of the current fiscal year, and the deterioration in profitability and associated impairment risk for fixed assets at stores and other facilities continue to materialize. - FY2022-Q2MaterialisedAnnual report
「Impairment losses (Note 1) 20」
Impairment losses of ¥20 million were also recorded in the first half of the current consolidated fiscal year, and the deterioration in profitability and associated impairment risk for fixed assets at stores and other facilities continue to materialize. - FY2022-Q1MaterialisedAnnual report
「Losses recognized from measuring assets held for sale at fair value less costs to sell, together with related expenses totaling ¥1,792 million, were recorded as impairment losses under "Other operating expenses."」
Following the decision to sell Nove-A, losses and related expenses totaling ¥1,792 million were recorded as impairment losses, causing additional fixed-asset and business-restructuring risks to materialize. - FY2021MaterialisedAnnual report
「Impairment losses totaled ¥14,122 million in the current consolidated fiscal year.」
The deterioration in the profitability of fixed assets at stores and the associated impairment risk materialized as impairment losses of ¥14,122 million amid the impact of the COVID-19 pandemic. The amount included impairment losses related to Daimaru Umeda and other stores. - FY2021-Q1MaterialisedAnnual report
「The impairment losses of ¥11,589 million for the first quarter of the current consolidated fiscal year primarily comprised reductions in the carrying amounts of buildings, structures and other assets to their recoverable amounts due to declining profitability, including those at Umeda and other stores of 株式会社大丸松坂屋百貨店 in the department store business (¥9,742 million) and Matsumoto PARCO and other properties of 株式会社パルコ in the PARCO business (¥1,649 million).」
The deterioration in the profitability of fixed assets at stores and the associated impairment risk materialized as impairment losses of ¥11,589 million amid the impact of the COVID-19 pandemic. - FY2020MaterialisedAnnual report
「There were no reversals of impairment losses recognized in the current consolidated fiscal year.」
The deterioration in the profitability of fixed assets at stores and the associated impairment risk continued to materialize, resulting in impairment losses of ¥2,496 million, including those related to Matsuzakaya Toyota, Kochi Daimaru and Hiroshima Zero Gate. - FY2020-Q3MaterialisedAnnual report
「Impairment losses amounted to ¥577 million.」
Impairment losses of ¥577 million were recognized during the cumulative third quarter, and deteriorating profitability and impairment risk related to fixed assets such as stores continued to materialize. - FY2020-Q2MaterialisedAnnual report
「Impairment losses 573」
Impairment losses of ¥573 million were recognized during the cumulative second quarter, and deteriorating profitability and impairment risk related to fixed assets such as stores continued to materialize. - FY2019MaterialisedAnnual report
「During the consolidated fiscal year from 1 March 2018 to 28 February 2019, the carrying amount of the cash-generating unit was reduced to its recoverable amount because the profits and losses generated mainly by Tsudanuma Parco's operating activities were expected to remain negative. The resulting reduction of ¥1,220 million was recognized as an impairment loss. In addition, for Kumamoto Parco, for which the closure of operations had been decided, an impairment loss of ¥692 million was recognized as a business restructuring loss.」
Deteriorating profitability and impairment risk related to store fixed assets continued to materialize, and losses including ¥1,220 million for Tsudanuma Parco and ¥692 million for Kumamoto Parco were recognized. - FY2019-Q2MaterialisedAnnual report
「Impairment losses 408」
Impairment losses of ¥408 million were recognized during the cumulative second quarter, and deteriorating profitability and impairment risk related to fixed assets such as stores continued to materialize. - FY2018MaterialisedAnnual report
「During the current consolidated fiscal year, the carrying amounts of buildings and land were reduced to their recoverable amounts, and the resulting reduction was recognized as an impairment loss under other operating expenses.」
Due to declining profitability at stores including Daimaru Ashiya and Utsunomiya Parco, impairment losses of ¥872 million on property, plant and equipment were recognized in the current fiscal year. - FY2017MaterialisedAnnual report
「During the current consolidated fiscal year, the carrying amounts of buildings and structures and other assets were reduced to their recoverable amounts, and the resulting reduction of ¥748 million was recognized as an impairment loss under extraordinary losses.」
Deteriorating profitability and impairment risk related to store fixed assets continued to materialize, and impairment losses of ¥748 million were recognized in the current fiscal year. - FY2017-Q3MaterialisedAnnual report
「The ¥269 million related to the department store business was recognized during the cumulative third quarter of the current consolidated fiscal year following the decision to close the Daimaru Urawa Parco store operated by Daimaru Matsuzakaya Department Stores Co., Ltd. In the quarterly consolidated statement of income, it is presented under business restructuring losses within extraordinary losses.」
Following the decision to close the Daimaru Urawa Parco store, impairment losses of ¥269 million were recognized as business restructuring losses, providing an additional instance of store fixed-asset risk materializing. - FY2017-Q2MaterialisedAnnual report
「Of the ¥1,626 million related to the Parco business, the amount arose from the transfer of fixed assets and the decision to close Otsu Parco operated by Parco Co., Ltd. In the quarterly consolidated statement of income, it is presented under business restructuring losses within extraordinary losses.」
Following the decision to transfer the fixed assets of Otsu Parco and close its operations, the Parco business incurred impairment losses of ¥1,795 million, demonstrating that deteriorating profitability and impairment risk related to store fixed assets had materialized as an actual loss. - FY2016First statedAnnual report
「A significant impact on the Group's business performance and financial condition may result from deterioration in business earnings, cash flow, and other factors, as well as impairment losses associated with declines in land prices.」
Fixed-asset risk was explicitly identified, and impairment losses of ¥5,905 million and losses related to store rebuilding of ¥7,492 million were recognized in the current period.