Impairment Losses Associated with the Closure of a Golf Practice Facility and Sale of Idle Assets
First written in FY2017-Q2. 4 of 8 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 14 of 21 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「Because a decision was made to sell the idle assets, their carrying amounts were reduced to their recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses.」
Impairment losses associated with the decision to sell idle assets continued to be recorded, and impairment losses of ¥304 million, including ¥15 million on idle assets, were recorded in the current consolidated fiscal year. - FY2018RestatedAnnual report
「The hotel segment’s lodging operations performed steadily, but revenue declined due to the suspension of some facilities for renovation work, the closure of the golf practice facility and other factors.」
The impact of the golf practice facility closure continued to weigh on revenue in the hotel segment. - FY2018-Q3RestatedAnnual report
「The hotel segment’s lodging operations performed steadily, but revenue declined due to the impact of the golf practice facility closure and other factors.」
The impact of the golf practice facility closure decided in the previous fiscal year continued to weigh on revenue in the hotel segment. - FY2018-Q2RestatedAnnual report
「The hotel segment’s lodging operations performed steadily, but revenue declined due to the impact of the golf practice facility closure and other factors.」
The impact of the golf practice facility closure decided in the previous fiscal year continued to weigh on revenue in the hotel segment. - FY2018-Q1RestatedAnnual report
「The hotel segment performed steadily in its lodging and food and beverage operations, but recorded lower revenue partly due to the closure of the golf practice facility.」
The closure of the golf practice facility decided in the previous fiscal year emerged in operating results as a factor behind lower revenue in the hotel segment. - FY2017AdvancedAnnual report
「Golf practice facility equipment 126 Idle assets 78 Warehouses, etc. 57 Idle assets 9」
Total impairment losses amounted to ¥271 million, including ¥57 million on warehouses and other assets and ¥9 million on idle assets in Kurashiki City, in addition to the previously recorded losses on golf practice facility equipment and idle assets. - FY2017-Q3AdvancedAnnual report
「During the nine-month period of the fiscal year, the Group recorded impairment losses on the following asset groups. Golf practice facility equipment 126 Idle assets 78 Warehouses, etc. 57 Total 262 Because a decision was made to close the golf practice facility, its carrying amount was reduced to its recoverable amount, which was the memorandum value, and the reduction was recorded as an impairment loss under extraordinary losses. Because the idle assets were to be sold, their carrying amounts were reduced to their recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses. Because a decision was made to dismantle and remove the warehouses and other assets, their carrying amounts were reduced to their recoverable amounts, which were the memorandum values, and the reductions were recorded as impairment losses under extraordinary losses.」
In addition to the impairment losses on golf practice facility equipment and idle assets previously recorded, an impairment loss of ¥57 million on warehouses and other assets was added, bringing total impairment losses to ¥262 million. - FY2017-Q2First statedAnnual report
「Because the golf practice facility was scheduled to be closed, its carrying amount was reduced to its recoverable amount, which was the memorandum value, and the reduction was recorded as an impairment loss under extraordinary losses. Because the idle assets were to be sold, their carrying amounts were reduced to their recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses.」
Impairment losses of ¥126 million on golf practice facility equipment and ¥78 million on idle assets, for a total of ¥204 million, were recorded.