Declining Profitability and Impairment Due to Lease Cancellations and Falling Land Prices
First written in FY2016. 5 of 11 entries say "Restated". Latest entry: FY2026-H1.
Omikenshi moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no significant changes in business and other risks, including lower profitability and impairment due to cancellations of real estate rental contracts and falling land prices. - FY2025WorsenedAnnual report
「Idle assets held by the company: Land in Kakogawa, Hyogo Prefecture, ¥385 million Idle assets held by the company: Land in Ogaki, Gifu Prefecture, ¥105 million」
The company recognized total impairment losses of ¥490 million on land in Kakogawa and Ogaki due to declines in the fair value of idle assets. Risks relating to the profitability and recoverability of real estate continue. - FY2025-H1WorsenedAnnual report
「The impairment loss of ¥385 million not allocated to reporting segments relates to former factory sites and other assets where operations have been discontinued.」
Impairment losses relating to former factory sites and other assets where operations have been discontinued totaled ¥385 million, up from ¥7 million in consolidated impairment losses in the same period of the previous year. Risks relating to the profitability or recoverability of real estate and fixed assets have emerged as a significant loss. - FY2024-Q3MaterialisedAnnual report
「The impairment loss of ¥3 million not allocated to reporting segments relates to former factory sites and other assets where operations have been discontinued.」
The company recognized ¥3 million in impairment losses on former factory sites and other assets where operations have been discontinued, indicating that risks relating to the profitability and recoverability of real estate continue to emerge as losses. - FY2024-Q1MaterialisedAnnual report
「The impairment loss of ¥2 million not allocated to reporting segments relates to former factory sites and other assets where operations have been discontinued.」
The company recognized ¥2 million in impairment losses on former factory sites and other assets where operations have been discontinued, indicating that risks relating to the profitability and recoverability of fixed assets continue to emerge as losses. - FY2023MaterialisedAnnual report
「For the current consolidated fiscal year, rental profit or loss from the relevant rental properties was ¥824 million, impairment losses were ¥767 million, recognized as extraordinary losses, losses on disposal of fixed assets were ¥10 million, and losses on sales of fixed assets were ¥1 million.」
While rental income from real estate was secured, the company recognized ¥767 million in impairment losses on rental properties and similar assets, indicating that previously identified risks relating to land prices and profitability had emerged as losses. - FY2021RestatedAnnual report
「The Group owns a substantial amount of land for business purposes. Going forward, cancellations of real estate rental contracts and significant declines in land prices could result in lower profitability and impairment losses, which could affect financial performance.」
The company continues to disclose the risk that cancellations of real estate rental contracts, falling land prices and impairment losses could affect financial performance. - FY2019RestatedAnnual report
「The Group owns a substantial amount of land for business purposes. Going forward, cancellations of real estate rental contracts and significant declines in land prices could result in lower profitability and impairment losses, which could affect financial performance.」
The company continues to disclose the risk that cancellations of real estate rental contracts, falling land prices and impairment losses could affect financial performance. - FY2018RestatedAnnual report
「Going forward, cancellations of real estate rental contracts and significant declines in land prices could result in lower profitability and impairment losses, which could affect financial performance.」
The company continues to disclose the risk that cancellations of real estate rental contracts, falling land prices and impairment losses could affect financial performance. - FY2017RestatedAnnual report
「Going forward, cancellations of real estate rental contracts and significant declines in land prices could result in lower profitability and impairment losses, which could affect financial performance.」
The company continues to identify the risk that cancellations of real estate rental contracts, falling land prices and impairment losses could affect financial performance. - FY2016First statedAnnual report
「Going forward, cancellations of real estate rental contracts and significant declines in land prices could result in lower profitability and impairment losses, which could affect financial performance.」
The company identifies lower rental income, falling land prices and impairment losses associated with its substantial real estate holdings as risks.