Impairment Risk from Declining Business Profitability
First written in FY2016. 5 of 10 entries say "Materialised", first in FY2017. Latest entry: FY2024.
The whole theme swung hardest in 2026: 66 of 128 companies on the "Worse" side.
35 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「There were no applicable items for the consolidated fiscal year (from 1 November 2023 to 31 October 2024).」
The Company states that no impairment loss was recognized during the consolidated fiscal year in relation to the impairment loss incurred on rental and other real estate in the previous fiscal year. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, for an asset group whose profit or loss arising from operating activities had remained negative, we reduced its carrying amount to the recoverable amount and recognized the reduction as an impairment loss.」
The Company recognized an impairment loss of ¥5,738 thousand on a group of rental and other real estate assets whose operating results had remained negative. - FY2023-Q2MitigatedAnnual report
「There were no applicable items for the nine-month period of the consolidated fiscal year (from 1 November 2022 to 30 April 2023).」
The Company states that no impairment loss was recognized during the nine-month period in relation to the impairment loss incurred on the head office and other assets in the previous fiscal year. - FY2022MaterialisedAnnual report
「In connection with the sale of the land of the head office formerly owned by the Group, we recognized a gain on the sale of fixed assets of ¥43,952 thousand. As extraordinary losses, we also recognized an impairment loss of ¥56,061 thousand and a loss on the sale of fixed assets of ¥44,902 thousand in connection with the sale of the head office buildings and other assets.」
In connection with the decision to transfer the head office and other assets, the Company recognized an impairment loss of ¥56,061 thousand. - FY2022-Q3MaterialisedAnnual report
「In connection with the sale of fixed assets, including the land and buildings of the current head office owned by the Group, we recognized an impairment loss of ¥56,061 thousand as an extraordinary loss.」
In connection with the decision to transfer fixed assets, the Company reduced their carrying amount to the recoverable amount and recognized an impairment loss of ¥56,061 thousand. - FY2020MitigatedAnnual report
「There were no applicable items for the consolidated fiscal year (from 1 November 2019 to 31 October 2020).」
The Company states that there were no applicable items in the current fiscal year in relation to the impairment loss on software held for sale incurred in the previous fiscal year. - FY2019MaterialisedAnnual report
「For the software described above, as the originally anticipated revenue could no longer be expected, we estimated the recoverable amount at zero, reduced the entire carrying amount and recognized the reduction as an impairment loss under extraordinary losses.」
The Company recognized an impairment loss of ¥1,775 thousand on software held for sale for which the originally anticipated revenue could no longer be expected. - FY2018No Impairment Loss in the Current Fiscal YearAnnual report
「There were no applicable items for the consolidated fiscal year (from 1 November 2017 to 31 October 2018).」
The Company states that there were no applicable items in the current fiscal year in relation to the impairment loss incurred in the previous fiscal year. - FY2017MaterialisedAnnual report
「For operating assets, as the profit or loss arising from operating activities has remained negative, we reduced their carrying amount to the recoverable amount and recognized the reduction as an impairment loss under extraordinary losses.」
The Company recognized an impairment loss of ¥308 thousand on operating assets whose operating results had remained negative. It also recognized an impairment loss of ¥576 thousand on the telephone subscription rights included in idle assets, bringing the total to ¥884 thousand. - FY2016First statedAnnual report
「If the profitability of each business declines materially due to competition or other reasons, an impairment loss may need to be recognized, which could affect the Group’s financial position and operating results.」
The recognition of impairment losses on fixed assets due to a material decline in business profitability is identified as a risk.