Valuation Loss on Real Estate Held for Sale
First written in FY2018. 4 of 7 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2021.
The whole theme swung hardest in 2018: 10 of 37 companies on the "Worse" side.
42 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「No impairment losses have been recognised as of the end of the current consolidated fiscal year.」
No impairment loss on real estate held for sale was recorded during the current fiscal year, and the effect of impairment losses incurred in prior fiscal years has not appeared in the current fiscal year. - FY2020-Q3MitigatedAnnual report
「In the real estate business, the Company continued to generate stable income from tenant rents and residential rents at its building in Nishi-Azabu, Minato-ku, Tokyo. Revenue increased 0.6% year on year to ¥149.824 million. Operating profit increased 22.9% to ¥111.712 million, partly because no valuation loss on property held for sale was recorded in the current third quarter, unlike in the cumulative third quarter of the previous fiscal year.」
The impairment loss on real estate held for sale incurred during the previous nine-month period did not arise in the current period, reducing its impact on profit from the real estate business. - FY2020-Q2MitigatedAnnual report
「The impairment loss on real estate held for sale recorded during the previous nine-month consolidated period did not arise during the current nine-month consolidated period.」
The impairment loss on real estate held for sale recorded in the same quarter of the previous year did not arise in the current quarter, reducing its impact on operating profit from the real estate business. - FY2019MaterialisedAnnual report
「The sale of real estate held for sale that had been held long term in Toba, Mie Prefecture, was completed in March 2019. However, because it was sold below its carrying amount based on the judgment that securing reliable conversion into cash was the best course of action, cost of sales increased.」
Real estate held for sale that had been held long term was sold below its carrying amount, and the impact of the impairment and disposal loss was incurred. - FY2019-Q2MitigatedAnnual report
「Operating profit increased 24.4% year on year to ¥61,073 thousand, mainly because impairment losses on real estate held for sale decreased.」
The decrease in impairment losses on real estate held for sale reduced their impact on operating profit from the real estate business compared with the previous quarter. - FY2019-Q1MaterialisedAnnual report
「In the real estate business, rental income from the tenant and residential areas of the Company's building in Nishiazabu, Minato-ku, Tokyo, remained stable. Net sales decreased 1.1% year on year to ¥49,606 thousand. However, operating profit decreased 23.8% to ¥29,848 thousand, mainly because the carrying amount of real estate held for sale was reduced to its recoverable amount.」
The carrying amount of real estate held for sale was reduced to its recoverable amount, which in fact reduced operating profit. - FY2018MaterialisedAnnual report
「However, recording an impairment loss on real estate held for sale resulted in higher cost of sales.」
While the Karuizawa residential subdivision was sold out, an impairment loss of ¥49,745 thousand on real estate held for sale was recorded in cost of sales.