Fixed Asset Impairment Risk Arises
First written in FY2016. 16 of 29 entries say "Restated". Latest entry: FY2026.
Hotman moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2025: 34 of 78 companies on the "Worse" side.
28 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Of the stores for which indicators of impairment were identified, 3 Chateraise business stores had total estimated undiscounted future cash flows from the stores below their carrying amounts. The company therefore recognized an impairment loss of ¥282.498 million, using the net selling price or value in use as the recoverable amount. For the other stores, it determined that no impairment loss should be recognized because undiscounted future cash flows exceeded their carrying amounts.」
The impairment loss increased from ¥214.687 million in the previous fiscal year to ¥282.498 million, and impairment was recognized at 3 Chateraise business stores. - FY2026-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2025WorsenedAnnual report
「Of the stores for which indicators of impairment were identified, 5 had total estimated undiscounted future cash flows from the stores below their carrying amounts. The company therefore recognized an impairment loss of ¥214.687 million, using the net selling price or value in use as the recoverable amount. For the other stores, it determined that no impairment loss should be recognized because undiscounted future cash flows exceeded their carrying amounts.」
The number of stores for which impairment was recognized decreased from 9 in the previous fiscal year to 5, while the impairment loss increased from ¥128.041 million to ¥214.687 million. - FY2024WorsenedAnnual report
「Of the stores for which indicators of impairment were identified, 9 had total estimated undiscounted future cash flows from the stores below their carrying amounts. The company therefore recognized an impairment loss of ¥128.041 million, using the net selling price or value in use as the recoverable amount. For the other stores, it determined that no impairment loss should be recognized because undiscounted future cash flows exceeded their carrying amounts.」
The number of stores for which impairment losses were recognized increased from 8 in the previous fiscal year to 9, and the amount increased from ¥72.184 million to ¥128.041 million. The risk of impairment of property, plant and equipment materialized again during the fiscal year. - FY2024-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2023MaterialisedAnnual report
「Of the stores for which indicators of impairment were identified, 8 had total estimated undiscounted future cash flows from the stores below their carrying amounts. The company therefore recognized an impairment loss of ¥72.184 million, using the net selling price or value in use as the recoverable amount. For the other stores, it determined that no impairment loss should be recognized because undiscounted future cash flows exceeded their carrying amounts.」
The company recorded an impairment loss of ¥72.184 million on 8 stores, indicating that impairment of property, plant and equipment actually occurred during the fiscal year. - FY2023-Q1RestatedAnnual report
「Regarding the impact of COVID-19, as efforts to maintain economic activity while continuing infection-control measures have become established, the company assumes that customer traffic and consumers' willingness to purchase will gradually return to normal from the fiscal year ending March 2023 onward. Based on this assumption, it estimates undiscounted future cash flows used to calculate impairment losses on property, plant and equipment. The above assumption has not materially changed from that used in the accounting estimates for the previous fiscal year. However, this assumption involves significant uncertainty, and estimates may differ from future actual results if the containment of COVID-19 is delayed and its impact is prolonged.」
The company discloses that estimates of future cash flows for impairment of property, plant and equipment, based on assumptions that reflect the impact of COVID-19, and those assumptions have not materially changed from the previous fiscal year. - FY2022-Q3RestatedAnnual report
「Regarding the impact of COVID-19, the company assumes that the spread of the infection will subside during the fiscal year ending March 2022 and that customer traffic and consumers' willingness to purchase will return to normal from the fiscal year ending March 2023 onward. Based on this assumption, it estimates undiscounted future cash flows used to calculate impairment losses on property, plant and equipment. The above assumption has not materially changed from that used in the accounting estimates for the previous fiscal year. However, this assumption involves significant uncertainty, and estimates may differ from future actual results if the containment of COVID-19 is delayed and its impact is prolonged.」
The company continues to disclose estimates of future cash flows for impairment of property, plant and equipment based on assumptions regarding when COVID-19 will subside, together with the related uncertainty. - FY2021MaterialisedAnnual report
「Of the stores for which indicators of impairment were identified, 14 had total estimated undiscounted future cash flows from the stores below their carrying amounts. The company therefore recognized an impairment loss of ¥91.308 million, using the net selling price or value in use as the recoverable amount.」
The company recorded an impairment loss of ¥91.308 million on 14 stores, indicating that impairment of property, plant and equipment also occurred during the fiscal year. The amount decreased from ¥129.189 million in the previous fiscal year. - FY2021-Q1WorsenedAnnual report
「For estimates of future cash flows used to calculate impairment losses on property, plant and equipment, the company assumes that although an unstable business environment will continue during the first half of the fiscal year ending March 2021, including slower customer traffic due to the impact of COVID-19, conditions will gradually recover from the second half and earnings will return to normal levels in the fiscal year ending March 2022. The above assumptions have not materially changed from those used in the accounting estimates for the previous fiscal year. However, these assumptions involve significant uncertainty, and estimates may differ from future actual results if the end of the COVID-19 pandemic is delayed and its impact is prolonged.」
The company explicitly identifies slower customer traffic and an unstable business environment caused by COVID-19 as uncertainties relating to estimates of future cash flows for impairment of property, plant and equipment. - FY2020MaterialisedAnnual report
「This was mainly due to an impairment loss of ¥129 million on property, plant and equipment and intangible assets recorded as an extraordinary loss, while buildings increased by ¥299 million and land by ¥112 million in connection with new store openings.」
The company recorded an impairment loss of ¥129.189 million during the fiscal year, an increase from ¥115.373 million in the previous fiscal year. - FY2020-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2020-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2020-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2019MaterialisedAnnual report
「This was due to the recognition of an impairment loss of ¥115 million on property, plant and equipment and intangible assets as an extraordinary loss.」
The company recorded an impairment loss of ¥115.373 million during the fiscal year, indicating that impairment of property, plant and equipment continued to occur. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2019-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2019-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2018MaterialisedAnnual report
「This was due to the recognition of an impairment loss of ¥158 million on property, plant and equipment and intangible assets as an extraordinary loss.」
The company recorded an impairment loss of ¥158.820 million on an asset group including 24 stores, such as those in Ueda, Nagano Prefecture, indicating that impairment of property, plant and equipment actually occurred during the fiscal year. - FY2018-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company continues to disclose that there has been no material change in the risk of impairment of property, plant and equipment. - FY2018-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2017RestatedAnnual report
「The company applies the Accounting Standard for Impairment of Fixed Assets to its property, plant and equipment. If impairment losses on property, plant and equipment are recorded due to a significant decline in asset prices, changes in the scope or method of use, or declining profitability, this could have a material impact on the company's operating results and financial condition.」
The company continues to disclose the risk of recognizing impairment losses due to declining profitability of property, plant and equipment and other factors. No impairment loss was recorded during the fiscal year. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, 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 discloses no material change in the risk of impairment of property, plant and equipment. - FY2017-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company discloses no material change in the risk of impairment of property, plant and equipment. - FY2016MaterialisedAnnual report
「For stores with continuously negative income or loss from operating activities and stores scheduled for closure, the company reduces the carrying amount to the recoverable amount when the latter is below the carrying amount, and records the reduction as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥214.052 million on stores and other assets during the fiscal year, indicating that the risk had materialized as a loss.