Store Closures and Recognition of Impairment Losses
First written in FY2016. 9 of 25 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026.
Ap Holdings moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2024: 19 of 32 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As a result, for stores where operating results have remained negative and stores for which a decision has been made to close, among others, and which have been judged to have no future profitability, the carrying amounts of the related assets were reduced to their recoverable amounts. The resulting reduction of ¥79.945 million was recognized as an impairment loss under extraordinary losses.」
The impairment loss decreased from ¥254.914 million in the previous fiscal year to ¥79.945 million, and the scope contracted from 18 domestic locations and 4 locations in Hong Kong in the previous fiscal year to 6 domestic locations and 1 location in Hong Kong. - FY2026-H1MitigatedAnnual report
「(Material impairment losses on property, plant and equipment) Not applicable.」
It states that no material impairment losses on property, plant and equipment were applicable for the interim consolidated accounting period. - FY2025-H1MitigatedAnnual report
「Interim consolidated accounting period (from 1 April 2024 to 30 September 2024) Not applicable.」
It states that no impairment losses on property, plant and equipment were applicable for the interim consolidated accounting period. - FY2024WorsenedAnnual report
「As a result, for stores where operating results have remained negative and stores for which a decision has been made to close, among others, and which have been judged to have no future profitability, the carrying amounts of the related assets were reduced to their recoverable amounts. The resulting reduction of ¥126.580 million was recognized as an impairment loss under extraordinary losses.」
The impairment loss was ¥126.580 million, up from ¥116.011 million in the previous year. In addition to 9 domestic restaurant locations, impairment losses were recognized for idle assets in Tokyo and 1 overseas restaurant location in the United States. - FY2024-Q3WorsenedAnnual report
「As a result, for stores where operating results have remained negative and stores for which a decision has been made to close, among others, and which have been judged to have no future profitability, the carrying amounts of the related assets were reduced to their recoverable amounts. The resulting reduction of ¥52.757 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥52.757 million was recognized for 12 domestic restaurant locations in Tokyo and elsewhere, up from ¥28.515 million in the same period of the previous year and ¥10.896 million in the cumulative previous quarter. - FY2024-Q2MaterialisedAnnual report
「As a result, for stores where operating results have remained negative and stores for which a decision has been made to close, among others, and which have been judged to have no future profitability, the carrying amounts of the related assets were reduced to their recoverable amounts. The resulting reduction of ¥10.896 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥10.896 million was recognized for 1 domestic restaurant location in Tokyo. Impairment losses continue to arise at unprofitable locations and others. - FY2023WorsenedAnnual report
「As a result, for stores where operating results have remained negative and stores for which a decision has been made to close, among others, and which have been judged to have no future profitability, the carrying amounts of the related assets were reduced to their recoverable amounts. The resulting reduction of ¥116.011 million was recognized as an impairment loss under extraordinary losses.」
Impairment losses of ¥116.011 million were recognized for 11 domestic restaurant locations, exceeding the ¥111.696 million recorded in the previous fiscal year. - FY2023-Q3MaterialisedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥28.515 million was recognized as an impairment loss under extraordinary losses.」
The company recognized impairment losses of ¥28.515 million for a total of 3 domestic food-service stores in Hokkaido and elsewhere. Impairment losses also materialized during the current quarter. - FY2023-Q2MaterialisedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥8.119 million was recognized as an impairment loss under extraordinary losses.」
The company recognized impairment losses of ¥8.119 million for 1 domestic food-service store in Hokkaido. Impairment losses also materialized during the current quarter. - FY2021MitigatedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥2.862 million was recognized as an impairment loss under extraordinary losses.」
Impairment losses decreased from ¥18.651 million in the previous fiscal year to ¥2.862 million, reducing the scale of the losses. - FY2020MitigatedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥18.651 million was recognized as an impairment loss under extraordinary losses.」
Impairment losses were ¥18.651 million, a substantial decrease from ¥1,398.883 million in the previous fiscal year. Impairment losses were recognized at 7 domestic stores and 2 overseas stores, but the scale of the losses decreased. - FY2020-Q3MitigatedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥4.466 million was recognized as an impairment loss under extraordinary losses.」
The company recognized impairment losses of ¥4.466 million at 3 domestic stores, down from ¥143.019 million in the same period of the previous year and ¥1,398 million for the full previous fiscal year. While impairment risk continues to materialize, the amount of the loss has declined. - FY2019WorsenedAnnual report
「In order to carry out fundamental structural reforms, the company recognized impairment losses of ¥1,398 million as a result of restructuring or deciding to close unprofitable stores in Japan and overseas.」
Impairment losses associated with the restructuring and closure of unprofitable stores and other locations were ¥1,398 million, a substantial increase from ¥612 million in the previous fiscal year. Domestic and overseas stores, including 44 stores and 7 overseas stores, were subject to impairment. - FY2019-Q3MaterialisedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥143.019 million was recognized as an impairment loss under extraordinary losses.」
The company recognized total impairment losses of ¥143.019 million for 6 domestic stores and overseas food-service stores in China. - FY2019-Q2MaterialisedAnnual report
「As a result, for stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥42.598 million was recognized as an impairment loss under extraordinary losses.」
The company decided to close overseas food-service stores in China and recognized impairment losses of ¥42.598 million. - FY2019-Q1MaterialisedAnnual report
「In the Sales Business segment, impairment losses were recognized for stores whose recoverability was no longer considered viable following decisions to close them. The impairment loss recognized during the cumulative first quarter of the current consolidated fiscal year was ¥43.324 million.」
The company recognized impairment losses of ¥43.324 million for stores slated for closure. The relevant region in the note is China, indicating that impairment losses have actually arisen from the closure of overseas food-service stores. - FY2018WorsenedAnnual report
「The company recognized impairment losses of ¥612 million as a result of closing or deciding to close unprofitable stores in Japan and overseas.」
Impairment losses associated with the restructuring and closure of unprofitable stores were ¥612 million, a substantial increase from ¥229.070 million in the previous fiscal year. - FY2018-Q3WorsenedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥192.089 million was recognized as an impairment loss under extraordinary losses.」
Impairment losses were ¥192.089 million for stores judged to have no profitability during the cumulative third quarter. Impairment losses continue to be recognized. - FY2018-Q2MaterialisedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥16.967 million was recognized as an impairment loss under extraordinary losses.」
The company recognized impairment losses of ¥16.967 million during the cumulative second quarter for stores judged to have no profitability. - FY2017WorsenedAnnual report
「As a result, for stores judged to have no future profitability, including stores where operating results had remained negative and stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥229.070 million was recognized as an impairment loss under extraordinary losses.」
Full-year impairment losses were ¥229.070 million, up from ¥74.938 million in the previous fiscal year. Unprofitable stores and other locations were subject to impairment. - FY2017-Q3WorsenedAnnual report
「In the Sales Business segment, impairment losses were recognized for certain stores whose initially projected earnings were no longer expected due to declining sales and other factors. The impairment loss recognized during the cumulative third quarter of the current consolidated fiscal year was ¥102.832 million.」
The company recognized impairment losses of ¥102.832 million for certain stores that were no longer expected to be profitable due to declining sales and other factors. - FY2017-Q2WorsenedAnnual report
「In the Sales Business segment, impairment losses were recognized for certain stores whose initially projected earnings were no longer expected due to declining sales and other factors. The impairment loss recognized during the cumulative second quarter of the current consolidated fiscal year was ¥43.255 million.」
The company recognized impairment losses of ¥43.255 million for stores that were no longer expected to be profitable due to declining sales and other factors. - FY2016First statedAnnual report
「As a result, for stores judged to have no future profitability, including stores for which a decision to close had been made, the carrying amounts of the related assets were reduced to their recoverable amounts, and the resulting decrease of ¥74.938 million was recognized as an impairment loss under extraordinary losses.」
The company closed 5 company-operated stores and 6 licensed stores, including aging stores, and recognized impairment losses of ¥74.938 million.