Impairment Risk for Fixed Assets and Software Assets
First written in FY2017. 2 of 5 entries say "Restated". Latest entry: FY2024.
Kanamic Network moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 66 of 128 companies on the "Worse" side.
57 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「During the current consolidated fiscal year, the above stores continued to perform poorly, partly because the pre-agreed store-opening conditions differed from those actually encountered. The carrying amounts of the assets and other items related to these stores were reduced to their recoverable amounts, and the resulting reduction was recognized as an impairment loss under extraordinary losses.」
The impairment risk relating to property, plant and equipment, software and other assets materialized when stores in the healthy-lifespan extension business continued to underperform, resulting in the recognition of an impairment loss of ¥96.730 million. - FY2023WorsenedAnnual report
「The Group owns tangible fixed assets, including equipment and supplies, and intangible fixed assets, including software and goodwill arising from acquisitions of shares and other transactions. These assets are potentially exposed to impairment risk arising from a decline in asset value. However, if asset values decline in the future or the profitability of an acquired company deteriorates significantly, this may affect the Group’s operating results and other conditions.」
In addition to conventional property, plant and equipment and software, the Company has explicitly identified goodwill arising from M&A and declines in the profitability of acquired companies as subject to impairment risk, thereby broadening the scope of the risk. - FY2021RestatedAnnual report
「The Group owns property, plant and equipment, including office equipment and supplies, as well as software assets. These assets are potentially exposed to impairment risk arising from a decline in asset value.」
The Company has reaffirmed the impairment risk arising from declines in the value of property, plant and equipment, software and other assets. - FY2018RestatedAnnual report
「The Company owns property, plant and equipment, including office equipment and supplies, as well as software assets. These assets are potentially exposed to impairment risk arising from a decline in asset value.」
The Company has reaffirmed the impairment risk arising from declines in the value of property, plant and equipment, software and other assets. - FY2017First statedAnnual report
「The Company owns property, plant and equipment, including office equipment and supplies, as well as software assets. These assets are potentially exposed to impairment risk arising from a decline in asset value.」
The Company has explicitly identified, for the first time, the possibility of impairment resulting from declines in the value of property, plant and equipment and software assets as a risk.