Large impairment losses on fixed assets used in the mail-order business
First written in FY2017. 2 of 3 entries say "Cited as achieved", first in FY2018-Q1. Latest entry: FY2018-Q3.
0 other companies' latest entry also says "Cited as achieved".
- FY2018-Q3Cited as achievedAnnual report
「Selling, general and administrative expenses totaled ¥10,880 million, down 13.8% from the same period of the previous year, owing to lower depreciation expenses resulting from the recognition of an impairment loss on fixed assets at the end of the previous fiscal year and the review of expenses such as advertising.」
The impairment loss on fixed assets at the end of the previous fiscal year is cited again as a factor behind the decline in depreciation and amortization expense. - FY2018-Q1Cited as achievedAnnual report
「Selling, general and administrative expenses totaled ¥3,629 million, down 15.1% from the same period of the previous year, as depreciation expenses declined following the impairment loss recognized on fixed assets at the end of the previous fiscal year, and expenses related to catalogs and various media advertisements were reviewed and plans changed.」
The impairment loss on fixed assets at the end of the previous fiscal year is cited as a factor behind the decline in depreciation and amortization expense in the current quarter. - FY2017First statedAnnual report
「After assessing the recoverability of the fixed assets used in the Company's mail-order business in accordance with the Accounting Standard for Impairment of Fixed Assets, the Company recognized an impairment loss of ¥6,885 million on tangible and intangible fixed assets as an extraordinary loss.」
Following an assessment of recoverability, the Company recognized an impairment loss of ¥6,885 million on operating assets, including logistics facilities, and idle assets.