Impairment Losses Resulting from Declining Store Profitability
First written in FY2016. 5 of 13 entries say "Materialised", first in FY2016. Latest entry: FY2026.
WILLPLUS Holdings moved to the "Worse" side of this theme in 2024, 7 years after the typical company in this theme (2017).
The whole theme swung hardest in 2025: 32 of 75 companies on the "Worse" side.
28 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「During the fiscal year, certain stores were determined to require recognition of impairment losses. Their carrying amounts were reduced to recoverable amounts, and the reductions were recognized as impairment losses.」
An impairment loss of ¥69.767 million was recognized for certain stores. Although the amount decreased from ¥249.229 million in the previous fiscal year, losses continue to be recognized due to declining store profitability. - FY2025MaterialisedAnnual report
「An impairment loss of ¥249 million on fixed assets was recognized for certain stores in the imported-vehicle dealership business due to declining store revenue and other factors.」
Although no loss was recognized in the previous fiscal year even when there were indications of impairment, an impairment loss of ¥249 million was recognized for certain stores in the current fiscal year. - FY2024WorsenedAnnual report
「Although three stores were determined to show indications of impairment during the current consolidated fiscal year, no impairment loss was recognized because the total undiscounted future cash flows exceeded their carrying amounts.」
The number of stores showing indications of impairment increased from 1 in the previous fiscal year to 3. However, future cash flows exceeded their carrying amounts, and no impairment loss was recognized. - FY2023MitigatedAnnual report
「Although one store was determined to show indications of impairment during the current consolidated fiscal year, no impairment loss was recognized because the total undiscounted future cash flows exceeded its carrying amount.」
The number of stores showing indications of impairment decreased from 2 in the previous fiscal year to 1, and no impairment loss was recognized in the current fiscal year either. - FY2022WorsenedAnnual report
「Although two stores were determined to show indications of impairment during the current consolidated fiscal year, no impairment loss was recognized because the total undiscounted future cash flows exceeded their carrying amounts.」
The number of stores showing indications of impairment increased from 1 in the previous year to 2. However, no impairment loss was recognized for the current fiscal year because future cash flows exceeded the carrying amounts. - FY2021MitigatedAnnual report
「Although one store was determined to show indications of impairment during the current consolidated fiscal year, no impairment loss was recognized because the total undiscounted future cash flows exceeded its carrying amount.」
Although one store showed indications of impairment, future cash flows exceeded its carrying amount, and no impairment loss was recognized for the current fiscal year. The response, including a review of all stores every six months and strategic withdrawals, was also specified. - FY2020MaterialisedAnnual report
「Impairment loss 788」
An impairment loss of ¥788 thousand was recognized in the current consolidated fiscal year, bringing the impairment risk related to declining store profitability and difficulty recovering investments to the fore. - FY2019RestatedAnnual report
「Our group owns fixed assets, including store equipment. If the fair value of these assets declines significantly, or if store profitability deteriorates and we determine that a recovery is unlikely, we may recognize an impairment loss on fixed assets.」
The risk of impairment due to deteriorating store profitability and difficulty recovering investments after M&A continues. - FY2018MaterialisedAnnual report
「This was because, although an impairment loss was recognized for certain operating stores in the current consolidated fiscal year, the store renovations carried out during the year were relatively small in scale compared with those carried out in the previous consolidated fiscal year, resulting in an ¥8 million decrease in losses on disposal of fixed assets.」
In the fiscal year ended June 2018, an impairment loss of ¥4.988 million was recognized for certain operating stores, bringing the impairment risk arising from declining store profitability back into focus. - FY2017RestatedAnnual report
「If the profitability of a consolidated subsidiary or operating store declines significantly from the profit plan, an impairment loss may be recognized, which could affect the performance and financial position of our group.」
No impairment loss was recognized in the current period, but the risk of impairment due to declining store profitability and failure to meet plans after M&A continues to be disclosed. - FY2016MaterialisedAnnual report
「This was because the Group recognized impairment losses on certain operating stores managed by consolidated subsidiaries.」
The Company recognized impairment losses of ¥37.452 million during the period. The assets concerned were located in Naka Ward, Yokohama; Tamagawa-Denenchofu, Setagaya Ward; and Chuo Ward, Fukuoka.