Impairment of Store Fixed Assets Due to Intensifying Competition and Changes in Trading Areas
First written in FY2016-Q3. 8 of 11 entries say "Materialised", first in FY2016-Q3. Latest entry: FY2025.
Axas Holdings moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 11 of 30 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Impairment loss 24,127」
An impairment loss of ¥24.127 million was recognized in the retail business, indicating that the risk of impairment of store fixed assets due to intensifying competition, changes in trading areas and other factors had materialized. - FY2021-Q1MaterialisedAnnual report
「Impairment loss 8,422」
An impairment loss of ¥8.422 million was recognized during the cumulative first-quarter period, indicating that impairment risks relating to store and fixed-asset profitability and changes in use had materialized. - FY2020-Q2MaterialisedAnnual report
「In the real estate leasing business, an impairment loss was recognized following the termination of a building lease agreement with 1 tenant and the expected sale of the property. The impairment loss recognized in the cumulative second-quarter period was ¥5.097 million in the real estate leasing business.」
An impairment loss of ¥5.097 million was recognized in the real estate leasing business following the termination of a lease agreement and the expected sale of the property, indicating that the risk relating to the profitability and change in use of fixed assets had materialized. - FY2019MaterialisedAnnual report
「¥36.202 million in impairment losses associated with the conversion of properties to the real estate business」
In connection with the conversion of properties to the real estate business, ¥36 million in impairment losses was recognized on stores and other assets. The impairment risk relating to store profitability and changes in use has materialized. - FY2018-Q3MaterialisedAnnual report
「Including these measures, the Group recorded extraordinary losses of ¥67 million in impairment losses, ¥56 million in losses on termination of leases and ¥7 million in store closure losses due to the closure of 3 stores and consolidation of 1 store, among other measures.」
Risks relating to store profitability and market conditions materialized in the form of 3 store closures and ¥67 million in impairment losses. - FY2017MaterialisedAnnual report
「The consolidated fiscal year (from 1 September 2016 to 31 August 2017)」
Impairment losses totaling ¥31.908 million were recognized at 1 store in Hyogo Prefecture and 4 stores in Tokushima Prefecture, mainly on buildings, fixtures and equipment. - FY2017-Q3RestatedAnnual report
「Under the Accounting Standard for Impairment of Fixed Assets, the Group may need to recognize impairment losses on fixed assets in the future if store profitability changes due to intensifying competition, unexpected changes in trading areas or other factors.」
The risk of impairment of store fixed assets due to intensifying competition and changes in trading areas continues to be disclosed. No impairment loss was recognized during the cumulative third-quarter period. - FY2017-Q2RestatedAnnual report
「Under the Accounting Standard for Impairment of Fixed Assets, the Group may need to recognize impairment losses on fixed assets in the future if store profitability changes due to intensifying competition, unexpected changes in trading areas or other factors.」
The risk of impairment of store fixed assets due to intensifying competition and changes in trading areas has been reiterated. - FY2017-Q1RestatedAnnual report
「Under the Accounting Standard for Impairment of Fixed Assets, the Group may need to recognize impairment losses on fixed assets in the future if store profitability changes due to intensifying competition, unexpected changes in trading areas or other factors.」
The risk of impairment of store fixed assets due to intensifying competition and changes in trading areas has been reiterated. No impairment loss was recognized during the quarter. - FY2016MaterialisedAnnual report
「Retail business 345,909 Other 6,319 Company-wide and eliminations 2,684,314 Amount reported in the consolidated financial statements 3,036,543」
Impairment losses of more than ¥345 million on stores and business divisions, and ¥2,690 million on goodwill and other assets, were recognized, making the impairment amount for the year concrete. - FY2016-Q3MaterialisedAnnual report
「An impairment loss is recorded for the amount by which the discounted future recoverable amount for the relevant unit falls below the carrying amount of the assets and is not expected to recover. ¥15.583 million during the cumulative consolidated third quarter period」
In addition to disclosing the risk associated with changes in store profitability, the Company recorded an impairment loss of ¥15.583 million for 4 stores during the quarter.