Price Competition in the Office Furniture Market and Impairment of Business Assets
First written in FY2016-Q3. 12 of 33 entries say "Restated". Latest entry: FY2025.
Inaba Seisakusho moved to the "Worse" side of this theme in 2018.
1 other company's latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In light of these conditions, our group worked to build its order backlog through proactive proposal-based sales, but the acquisition of office relocation and refurbishment projects stalled due to the impact of price competition.」
The impact of price competition emerged as a slowdown in the acquisition of office relocation and refurbishment projects, and segment profit in the office furniture business was ¥318 million, down 12.5% year on year. - FY2025-H1WorsenedAnnual report
「In the office furniture business, companies continued to review their office environments to promote communication and secure personnel. In light of these conditions, our group worked to build its order backlog through proactive proposal-based sales, but the acquisition of office relocation and refurbishment projects stalled due to the impact of price competition.」
In the office furniture business, the acquisition of office relocation and refurbishment projects stalled due to price competition, and the segment loss widened from ¥13 million in the same period of the previous year to ¥69 million. - FY2024-Q3RestatedAnnual report
「No applicable matters were identified for the cumulative consolidated period through the third quarter (1 August 2023 to 30 April 2024).」
No impairment loss was recognized on the office furniture business assets during the cumulative consolidated period through the third quarter, and the situation through the previous quarter continued. - FY2024-Q2RestatedAnnual report
「No applicable matters were identified for the cumulative consolidated period through the second quarter (1 August 2023 to 31 January 2024).」
No impairment loss was recognized this second quarter on the office furniture business assets, for which an impairment loss had been recognized in the second quarter of the previous fiscal year. The situation continued from the previous quarter. - FY2024-Q1MitigatedAnnual report
「No applicable matters were identified for the cumulative consolidated period through the first quarter (1 August 2023 to 31 October 2023).」
Although an impairment loss of ¥5.760 million had been recognized on the office furniture business assets in the same period of the previous year, no impairment loss was recognized during the cumulative consolidated period through the first quarter. - FY2023MitigatedAnnual report
「Although profitability has been improving as price increases have been passed through, intense price competition has continued. Accordingly, during the fiscal year, the carrying amount of the office furniture business assets was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The impairment loss recognized during the fiscal year was ¥13.385 million.」
Profitability improved as price increases were passed through, and the impairment loss on office furniture business assets decreased from ¥18.173 million in the previous fiscal year to ¥13.385 million. Meanwhile, intense price competition continued. - FY2023-Q3MitigatedAnnual report
「Although profitability has been improving as price increases have been passed through, intense price competition has continued. Accordingly, during the cumulative consolidated period through the third quarter, the carrying amount of the office furniture business assets was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The impairment loss recognized during the cumulative consolidated period through the third quarter was ¥12.335 million.」
The disclosure stated that profitability had improved as price increases were passed through, and the impairment loss on office furniture business assets decreased from ¥17.803 million in the same period of the previous year to ¥12.335 million. Meanwhile, intense price competition continued. - FY2023-Q2Impairment loss decreased year on yearAnnual report
「Although market conditions were firm for the office furniture business assets, intense price competition has continued and conditions have remained challenging. Accordingly, during the cumulative consolidated period through the second quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
The company continues to recognize conditions as challenging amid intense price competition. The impairment loss on office furniture business assets was ¥12.335 million, down from ¥17.803 million in the same period of the previous year. - FY2023-Q1MaterialisedAnnual report
「Intense price competition has continued and conditions have remained challenging for the office furniture business assets. Accordingly, during the cumulative consolidated period through the first quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
Amid continuing intense price competition and challenging conditions, an impairment loss of ¥5.760 million was recognized on the office furniture business assets. - FY2022Annual impairment loss on office furniture decreased year on yearAnnual report
「In addition to lower revenue following the reversal of the boost from large projects, intense price competition has continued and conditions have remained challenging for the office furniture business assets. Accordingly, during the fiscal year, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
The challenging conditions and intense price competition in the office furniture business have continued. The impairment loss on office furniture business assets was ¥18.173 million, down from ¥25.230 million in the previous fiscal year. - FY2022-Q3RestatedAnnual report
「In addition to lower revenue following the reversal of the boost from large projects, intense price competition has continued and conditions have remained challenging for the office furniture business assets. Accordingly, during the cumulative consolidated period through the third quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
Against a backdrop of lower revenue following the reversal of the boost from large projects and intense price competition, an impairment loss of ¥17.803 million was recognized on the office furniture business assets after assessing the recoverable amount at zero, continuing the recognition through the previous quarter. - FY2022-Q2MaterialisedAnnual report
「In addition to lower revenue following the reversal of the boost from large projects, intense price competition has continued and conditions have remained challenging for the office furniture business assets. Accordingly, during the cumulative consolidated period through the second quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
Although no impairment loss was recognized in the previous quarter, an impairment loss of ¥17.803 million was recognized this quarter on the office furniture business assets, against a backdrop of lower revenue following the reversal of the boost from large projects and continuing price competition. - FY2022-Q1No impairment loss recognized this quarterAnnual report
「No applicable matters were identified for the cumulative consolidated period through the first quarter (1 August 2021 to 31 October 2021).」
No impairment loss was recognized this quarter on the office furniture business assets, for which an impairment loss had been recognized in the first quarter of the previous fiscal year. Meanwhile, the office furniture business posted a loss of ¥26 million. - FY2021-Q3RestatedAnnual report
「In addition to weakening demand for office relocations and refurbishments, intense price competition has continued and conditions have remained challenging for the office furniture business assets. Accordingly, during the cumulative consolidated period through the third quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
Against a backdrop of weakening demand for office relocations and refurbishments and intense price competition, an impairment loss of ¥24.580 million was recognized after assessing the recoverable amount at zero. There was no substantive change from the previous quarter. - FY2021-Q2WorsenedAnnual report
「In addition to weakening demand for office relocations and refurbishments, intense price competition has continued and conditions have remained challenging for the office furniture business assets. Accordingly, during the cumulative consolidated period through the second quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
Weak demand for office relocations and refurbishments was identified, and, together with continuing price competition, an impairment loss of ¥24.580 million was recognized on office furniture business assets. - FY2021-Q1WorsenedAnnual report
「In addition to weak market conditions, intense price competition has continued and conditions have remained challenging for the office furniture business assets. Accordingly, during the cumulative consolidated period through the first quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
The disclosure newly identified weak market conditions for office furniture, while price competition also continued. The impairment loss was ¥23.390 million, up from ¥9.016 million in the same period of the previous year. - FY2020Impairment loss decreased significantlyAnnual report
「As the impairment loss decreased from ¥421 million in the previous fiscal year to ¥48 million, extraordinary gains and losses amounted to a net loss of ¥96 million, compared with a net loss of ¥441 million in the previous fiscal year.」
Although the office furniture business continues to face intense price competition and has recognized an impairment loss on its business assets, the consolidated impairment loss declined significantly from ¥421 million in the previous fiscal year to ¥48 million. - FY2020-Q3Impairment loss decreased year on yearAnnual report
「Although market conditions were firm for the office furniture business assets, intense price competition has continued and conditions have remained challenging. Accordingly, during the cumulative consolidated period through the third quarter, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
The company continues to recognize conditions as challenging amid intense price competition. The impairment loss on office furniture business assets was ¥27.372 million, down from ¥108.479 million in the same period of the previous year. - FY2020-Q2RestatedAnnual report
「Although market conditions were firm for the office furniture business assets, intense price competition has continued and conditions have remained challenging. Accordingly, during the cumulative consolidated period through the second quarter, the carrying amount was reduced to the recoverable amount, and the reduction of ¥26.651 million was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured based on value in use and assessed at zero.」
The office furniture business continues to face challenging conditions amid intense price competition, and an impairment loss of ¥26.651 million was recognized on its business assets. - FY2020-Q1WorsenedAnnual report
「Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the first quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured using value in use and assessed as zero.」
It continued to recognize that price competition was intense and conditions were challenging, and an impairment loss of ¥9.016 million was recognized on the office furniture business assets. This increased from ¥440,000 in the same period of the previous year. - FY2019-Q3WorsenedAnnual report
「Regarding the office furniture business assets, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the third quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount of this asset group was assessed as zero.」
It continued to recognize that price competition was intense and conditions were challenging in the office furniture business assets, and the impairment loss totaled ¥108.479 million. This was an increase from ¥20.495 million in the same period of the previous year. - FY2019-Q2WorsenedAnnual report
「Regarding the office furniture business assets, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the second quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount of this asset group was assessed as zero.」
It continued to recognize that price competition was intense and conditions were challenging, and an impairment loss of ¥45.890 million was recognized on the office furniture business assets. The impairment loss increased from ¥20.495 million in the same period of the previous year. - FY2019-Q1RestatedAnnual report
「Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the first quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured using value in use and assessed as zero.」
It continues to recognize that price competition in the office furniture business is intense and conditions are challenging, and recognized an impairment loss of ¥440,000. - FY2018WorsenedAnnual report
「Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the consolidated fiscal year under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured using value in use and calculated as zero.」
Amid continuing price competition, ¥24.398 million of the ¥31.988 million impairment loss on the office furniture business assets was recognized, an increase from ¥21.773 million in the previous fiscal year. - FY2018-Q3RestatedAnnual report
「Regarding the office furniture business assets, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the third quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount of this asset group was assessed as zero.」
It continues to recognize that price competition in office furniture is intense and conditions are challenging, and continues to recognize an impairment loss of ¥20.495 million, with the recoverable amount assessed as zero. - FY2018-Q2WorsenedAnnual report
「In the office furniture business, price competition among manufacturers remained intense, and orders remained difficult to secure. Sales and profit declined from the previous year due to the反動 from sales recorded on large orders in the same period of the previous year and weak sales to OEM customers. Results were sales of ¥4,771 million, down 4.8% year on year, and a segment loss of ¥232 million, compared with a segment loss of ¥80 million in the same period of the previous year. Regarding the office furniture business assets, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the second quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount of this asset group was assessed as zero.」
The office furniture segment loss widened from ¥80 million in the same period of the previous year to ¥232 million, and sales also declined. An impairment loss of ¥20.495 million was recognized amid continuing price competition. - FY2018-Q1WorsenedAnnual report
「In the office furniture business, demand for office furniture remained solid, but price competition among manufacturers intensified further and conditions remained challenging. Sales and profit declined from the same period of the previous year due in part to lower sales volumes. Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the first quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured using value in use and calculated as zero.」
Price competition among manufacturers intensified “further,” and the office furniture segment loss widened from ¥53 million in the same period of the previous year to ¥106 million. An impairment loss of ¥4.986 million was also recognized on the office furniture business assets. - FY2017RestatedAnnual report
「Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the consolidated fiscal year under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount was measured using value in use and calculated as zero.」
Despite firm market conditions, severe price competition continued and conditions remained challenging, and an impairment loss of ¥21.773 million was recognized on the office furniture business assets. - FY2017-Q3RestatedAnnual report
「Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the third quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount of this asset group was assessed as zero.」
Severe price competition continued in the office furniture business and conditions remained challenging, and an impairment loss of ¥17.641 million was recognized during the cumulative period for the third quarter under review. - FY2017-Q2RestatedAnnual report
「Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the second quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount of this asset group was assessed as zero.」
Despite firm market conditions, severe price competition continued and conditions remained challenging, and an impairment loss of ¥13.776 million was recognized on the office furniture business assets. - FY2017-Q1RestatedAnnual report
「Regarding the office furniture business assets, although market conditions were firm, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the first quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
Severe price competition and challenging business conditions continued in the office furniture business, and an impairment loss of ¥4.757 million was recognized in the quarter. - FY2016RestatedAnnual report
「Regarding the office furniture business assets, although market conditions had recovered, severe price competition continued and conditions remained challenging. Accordingly, during the consolidated fiscal year under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
Severe price competition continued, and an impairment loss of ¥52.304 million was recognized on the office furniture business assets. - FY2016-Q3First statedAnnual report
「Regarding the office furniture business assets, although market conditions had recovered, severe price competition continued and conditions remained challenging. Accordingly, during the cumulative period for the third quarter under review, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The recoverable amount of this asset group was assessed as zero.」
Severe price competition continued, and an impairment loss of ¥52.304 million was recognized on the office furniture business assets.