Continued losses at the Company's own factory and impairment loss
First written in FY2019-Q2. 5 of 8 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「Following the decision to withdraw from our Relent Cosmetics business and liquidate our consolidated subsidiary, Bruno International Trading (Shenzhen) Co., Ltd., we assessed the recoverability of the related inventories and recognized an inventory valuation loss of ¥60 million as an extraordinary loss.」
A ¥60 million inventory valuation loss arose following the decision to withdraw from the company’s cosmetics business, bringing the unprofitable issues surrounding its own factory and cosmetics business into focus as inventory disposal. - FY2022Continuing impairment losses; lower amountAnnual report
「As the stores mentioned above in the retail business were expected to continue generating losses from operating activities, ¥51 million was recorded as an impairment loss under extraordinary losses.」
Impairment charges for unprofitable stores continued, but impairment losses declined from ¥139 million to ¥51 million year on year. - FY2020AdvancedAnnual report
「Profit attributable to owners of the parent was ¥189 million, compared with ¥168 million in the previous consolidated fiscal year, due to the recognition of costs related to store closures during the spread of COVID-19, impairment losses at some stores, costs related to the closure of the Saitama cosmetics plant and other items.」
The company recorded ¥14 million in factory closure costs for the full year, progressing with the treatment of factory closure and impairment issues carried over from the previous fiscal year. - FY2020-Q2MaterialisedAnnual report
「Loss on disposal of fixed assets: ¥5 million; plant closure loss: ¥14 million」
In the cumulative second-quarter period, the company recorded ¥14 million in factory closure losses and other costs associated with closing its own factory. - FY2020-Q1MaterialisedAnnual report
「Extraordinary losses included a ¥3 million loss on disposal of fixed assets, a ¥9 million plant closure loss and a ¥0 million recall loss.」
In the first quarter, the company recorded ¥9 million in losses from the closure of its own factory. - FY2019MaterialisedAnnual report
「Because the recoverable amount of the company's own plant in the manufacturing wholesale business declined significantly following the decision to close it, the carrying amount of the asset group related to the manufacturing wholesale business was reduced to its recoverable amount, and the reduction of ¥18 million was recognized as an impairment loss under extraordinary losses.」
The Company's own factory's continuing losses and impairment risk were reflected in the decision to close the factory and the recognition of an impairment loss of ¥18 million. - FY2019-Q3RestatedAnnual report
「Profit attributable to owners of the parent was ¥45 million, due to the recognition of impairment losses on certain stores and the aging Saitama cosmetics factory.」
The Company reconfirmed that the impairment loss recognized on the aging Saitama cosmetics factory, together with the risk of continued losses and further impairment at the factory, affected net income. - FY2019-Q2MaterialisedAnnual report
「As the Company's own factory in the manufacturing and wholesale business was expected to continue generating negative operating results, the carrying amount of the asset group related to the manufacturing and wholesale business was reduced to its recoverable amount, and the decrease of ¥18 million was recognized as an impairment loss under extraordinary losses.」
As the Company's own factory was expected to continue generating negative operating results, an impairment loss of ¥18 million on fixed assets was recognized.