Impairment loss on manufacturing equipment and materials due to changes in ZOZOSUIT specifications
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: FY2022-Q2.
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- FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
Regarding the risk of valuation losses on manufacturing equipment and materials resulting from changes to the ZOZOSUIT specifications, it was explained that there had been no material changes. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
Regarding the risk of valuation losses on manufacturing equipment and materials resulting from changes to the ZOZOSUIT specifications, it was explained that there had been no material changes. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
Regarding the risk of valuation losses on manufacturing equipment and materials resulting from changes to the ZOZOSUIT specifications, it was explained that there had been no material changes. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
Regarding the risk of valuation losses on manufacturing equipment and materials resulting from changes to the ZOZOSUIT specifications, it was explained that there had been no further material changes. - FY2018MaterialisedAnnual report
「Some of the equipment investments made by the Company to manufacture body-measuring bodysuits for measuring body shape were no longer expected to be used due to changes in the specifications of the suits and other factors. Accordingly, the carrying amount of the relevant assets was reduced to their recoverable amount, and the resulting impairment losses were recorded as extraordinary losses.」
Changes to the ZOZOSUIT specifications resulted in impairment losses of ¥1,486 million on manufacturing equipment and valuation losses of ¥263 million on materials, which were recorded as the materialization of execution risks associated with the new business.