Delayed Recovery and Impairment of Capital Investment and New-Service Investment
First written in FY2017. 2 of 3 entries say "Materialised", first in FY2024. Latest entry: FY2026.
TOKAI Holdings moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the fiscal year, the carrying amounts of goodwill for which a decline in excess earning power was identified, as well as wedding and event facilities, nursing care facilities, fitness gym facilities and childcare support facilities whose profitability had declined, were reduced to their recoverable amounts. The reductions were recognized as impairment losses under extraordinary losses.」
Impairment losses of ¥1,294 million were recognized on goodwill and several facilities, and the risks associated with investment recovery and impairment continued to materialize. - FY2024MaterialisedAnnual report
「During the fiscal year, the carrying amounts of facilities for the energy business, wedding and event facilities, childcare support facilities, and operating assets for which disposal had been decided were reduced to their recoverable amounts. The reductions were recognized as impairment losses under extraordinary losses.」
An impairment loss of ¥618 million was recognized on energy business facilities and other assets, and the risks associated with investment recovery and impairment materialized. - FY2017First statedAnnual report
「While we verify the effectiveness of investments and review investment plans as appropriate, investment returns initially anticipated may fail to materialize because of significant changes in economic or market conditions and other factors.」
While reviewing investment plans and managing individual projects, the potential for lower investment returns, delayed recovery and impairment of fixed assets was described.