Impact of Delayed Recovery in the Live Entertainment Market on Fixed-Asset Impairment and Tax-Effect Accounting
First written in FY2021-Q1. 5 of 12 entries say "Materialised", first in FY2022. Latest entry: FY2026.
Pia moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Because declining profitability was expected to make recovery of the investment in operating assets difficult, the company reduced their carrying amount to the recoverable amount and recorded the reduction as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥61 million on software due to lower profitability, indicating that the risk of impairment of fixed assets continues to materialize. - FY2025MaterialisedAnnual report
「Fiscal year ended 31 March 2025 Shibuya-ku, Tokyo Operating assets Software Tools, furniture and fixtures ¥52 million Shibuya-ku, Tokyo and other locations Idle assets Other intangible assets ¥35 million」
Due to declining profitability and the loss of expected future use, the company recognized impairment losses of ¥52 million on operating assets and ¥35 million on idle assets, for a total impairment loss of ¥88 million. - FY2024MaterialisedAnnual report
「Because the estimated future cash flows generated by the asset group were below its carrying amount, the company reduced the carrying amount to the recoverable amount and recorded the reduction as an impairment loss under extraordinary losses.」
In connection with the risk that estimates of future cash flows could be affected by delayed recovery and other factors, the company recognized an impairment loss of ¥172 million on software. - FY2024-Q3MaterialisedAnnual report
「The Group groups operating assets by business. Because the estimated future cash flows generated by an asset group were below its carrying amount, the Group reduced the carrying amount to the recoverable amount and recorded the reduction as an impairment loss under extraordinary losses.」
Following the decline in estimated future cash flows below the carrying amount, the company recognized an impairment loss of ¥150 million on software. - FY2022MaterialisedAnnual report
「The company recognized an impairment loss on fixed assets of ¥471 million.」
In connection with the risk that delayed recovery could affect estimates of the profitability of fixed assets, the company recognized an impairment loss of ¥471 million on software. Meanwhile, it determined that no impairment needed to be recognized for Pia Arena MM or the ticket sales asset group. - FY2022-Q3Update to recovery assumptions in light of the Omicron variantAnnual report
「At present, the Group is in a situation where priority preventive measures have been declared following an increase in infections and hospital bed utilization due to the spread of the Omicron variant of the novel coronavirus in January 2022. However, we assume that the impact will remain limited and that earnings will continue to recover steadily. If recovery is significantly slower than the assumptions made, the Group's financial position and operating results may be affected.」
The declaration of priority preventive measures due to the spread of the Omicron variant has been incorporated as a new assumption, while the company assumes that the impact will remain limited and earnings will recover. The risk of an impact on its financial position and operating results if recovery is slower than expected remains. - FY2022-Q2RestatedAnnual report
「At present, the Group had been forced to accept a stall in the recovery trend in performance due to the reissuance of a government-declared state of emergency from April to July 2021. However, as the state of emergency ended, vaccination coverage for the novel coronavirus expanded, and restrictions on events drawing audiences were gradually eased and lifted, we assume that performance will recover steadily. If recovery is significantly slower than the assumptions made, the Group's financial position and operating results may be affected.」
The company continues to disclose the stalled recovery following the reissuance of a state of emergency and its assumption of recovery as vaccination coverage expands and event restrictions are eased. It also continues to maintain the risk of an impact on its financial position and operating results if recovery is significantly slower than expected. - FY2022-Q1WorsenedAnnual report
「At present, the Group has been forced to accept a stall in the recovery trend in performance due to the reissuance of a government-declared state of emergency from April to July 2021. However, as the state of emergency ends, vaccination coverage for the novel coronavirus expands, and restrictions on events drawing audiences are gradually eased and lifted, we assume that performance will recover steadily.」
The reissuance of a state of emergency from April to July 2021 has in fact stalled the recovery trend in performance. While the company assumes a recovery as vaccination coverage expands and event restrictions are eased and lifted, the risk of an impact on its financial position and operating results if recovery is slower than expected continues. - FY2021WorsenedAnnual report
「Although restrictions were temporarily eased from September 2020, regulations on events drawing audiences were tightened each time a state of emergency was declared, and the market recovery has been extremely slow.」
Restrictions on events were tightened again each time a state of emergency was declared, even after the temporary easing, and extremely slow market recovery continued through the end of the fiscal year. - FY2021-Q3WorsenedAnnual report
「The reissuance of a government-declared state of emergency in January 2021 caused the recovery trend in performance to stall, but we assume that performance will continue to recover gradually from the next fiscal year onward.」
The company explained that the recovery trend in performance stalled following the reissuance of a state of emergency. Conditions continue to support the risk that a delayed recovery in the live entertainment market could affect impairment of fixed assets and tax-effect accounting. - FY2021-Q2RestatedAnnual report
「The situation has been gradually recovering since around July 2020, and we assume that it will recover to a level sufficient for the company to become profitable in the fourth quarter. However, if recovery is significantly slower than the assumptions made, estimates for impairment of fixed assets and tax-effect accounting may be affected.」
The company assumes that the live entertainment market will recover gradually from around July 2020 and forecasts profitability in the fourth quarter, while continuing to disclose the risk that a significantly slower recovery could affect impairment of fixed assets and tax-effect accounting. - FY2021-Q1First statedAnnual report
「If recovery is significantly slower than the assumptions made, estimates for impairment of fixed assets and tax-effect accounting may be affected.」
The company identified as a new risk the possibility that a significantly slower-than-expected recovery from COVID-19 could affect estimates for impairment of fixed assets and tax-effect accounting.