Impairment Risk from Deteriorating Business Profitability and Falling Land Prices
First written in FY2016. 8 of 16 entries say "Materialised", first in FY2017. Latest entry: FY2025-H1.
Toho Acetylene moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 32 of 70 companies on the "Worse" side.
13 other companies' latest entry also says "Other".
- FY2025-H1No impairment loss was recorded for the interim period.Annual report
「Impairment loss ¥69.312 million —」
Compared with the ¥69.312 million impairment loss recorded in the previous interim period, no impairment loss was recorded in the current interim period. - FY2024Impairment factors specifiedAnnual report
「For business assets, because a change in the scope of use was expected in the future, the carrying amount was reduced to the recoverable amount, and the resulting reduction of ¥69.312 million was recorded as an impairment loss under extraordinary losses.」
The ¥69.312 million impairment loss was attributed specifically to a future change in the scope of use, rather than to falling land prices. - FY2024-Q3RestatedAnnual report
「Impairment loss ¥69.312 million」
An impairment loss of ¥69.312 million was also recorded during the cumulative third quarter, but there was no further increase from the amount recorded for the cumulative second quarter. - FY2024-Q2WorsenedAnnual report
「Impairment loss ¥69.312 million」
An impairment loss of ¥69.312 million was recorded during the cumulative second quarter of the current fiscal year, an increase from ¥893,000 in the cumulative second quarter of the previous fiscal year. - FY2024-Q1WorsenedAnnual report
「Impairment loss — ¥54.306 million」
An impairment loss of ¥54.306 million was recorded in the first quarter, an increase from ¥2.893 million recorded for FY2023 as a whole. - FY2023Decrease in impairment losses recordedAnnual report
「For idle assets, the carrying amount was reduced to the recoverable amount (recoverable amount on sale) due to falling land prices and other factors, and the resulting reduction of ¥2.893 million was recorded as an impairment loss under extraordinary losses.」
Although an impairment loss arose due to falling land prices and other factors, the amount recorded decreased from ¥15.096 million in FY2022 to ¥2.893 million. - FY2023-Q3Decrease in impairment losses recordedAnnual report
「Impairment loss ¥8.341 million ¥893,000」
An impairment loss of ¥893,000 was also recorded during the cumulative third quarter, so realized impairment risk continues, although the amount recorded decreased from ¥8.341 million in the same period of the previous year. - FY2023-Q2MaterialisedAnnual report
「Impairment loss ¥8.341 million ¥893,000」
An impairment loss of ¥893,000 was recorded during the cumulative second quarter of the current consolidated fiscal year, and realized impairment risk continues. The amount recorded decreased from ¥8.341 million in the same period of the previous year. - FY2022MaterialisedAnnual report
「Extraordinary losses included ¥25 million in losses on the disposal or sale of fixed assets, ¥15 million in impairment losses, ¥11 million in valuation losses on investment securities and ¥3 million recorded as a disaster loss for damage caused by the earthquake in March 2022, bringing the total to ¥55 million.」
An impairment loss of ¥15 million was recorded during the year due to changes in the scope of use of business assets, falling land prices for idle land and other factors. - FY2022-Q2MaterialisedAnnual report
「Impairment loss ¥8.341 million」
An impairment loss of ¥8.341 million was recorded as an extraordinary loss during the cumulative second quarter of the current consolidated fiscal year, adding a realized instance of impairment risk. - FY2021-Q2MaterialisedAnnual report
「Impairment loss ¥20.461 million」
An impairment loss of ¥20.461 million was recorded as an extraordinary loss during the cumulative second quarter of the current consolidated fiscal year, adding a realized instance of impairment risk. - FY2020MaterialisedAnnual report
「For idle assets, the carrying amount was reduced to the recoverable amount due to falling land prices and other factors, and the resulting reduction of ¥11.197 million was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥11.197 million was recorded for idle assets during the year due to falling land prices and other factors. - FY2019MaterialisedAnnual report
「As a result, for business assets, because operating income and loss deteriorated and a short-term recovery in performance was not expected, the carrying amount was reduced to the recoverable amount, and the resulting reduction of ¥1.667 million was recorded as an impairment loss under extraordinary losses. For idle assets, the carrying amount was reduced to the recoverable amount due to falling land prices and other factors, and the resulting reduction of ¥2.358 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses were recorded for business assets of ¥1.667 million due to deteriorating business profitability and for idle assets of ¥2.358 million due to falling land prices and other factors. - FY2019-Q3MaterialisedAnnual report
「Impairment loss ¥1.667 million」
An impairment loss of ¥1.667 million was recorded during the cumulative third quarter, adding a realized instance of impairment risk due to deteriorating business profitability, falling land prices and other factors. - FY2017MaterialisedAnnual report
「For business assets, because operating income and loss deteriorated and a short-term recovery in performance was not expected, the carrying amount was reduced to the recoverable amount, and the resulting reduction of ¥723,000 was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥52.808 million was recorded in the current consolidated fiscal year, indicating that actual impairment occurred in business assets and other assets in Chiba Prefecture. - FY2016First statedAnnual report
「Although our group applies the accounting standard for impairment of fixed assets, if impairment losses arise in the future due to a substantial decline in land prices, deterioration in business profitability or other factors, our group’s operating results and financial condition may be affected.」
The impairment risk is disclosed, and an impairment loss of ¥101.274 million was recorded in the current consolidated fiscal year.