Store closures and impairment losses in China
First written in FY2017-Q1. 19 of 34 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2027-H1.
AEON Fantasy moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2024: 19 of 32 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「During the interim consolidated accounting period, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close stores, and idle asset groups not expected to be used in the future were reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses.」
Impairment losses totaled ¥428.98 million, up from ¥208.098 million in the same period of the previous year. In China, ¥279.065 million was recorded for 20 stores, up in both amount and number of affected stores from ¥134.847 million and 18 stores in the same period of the previous year. - FY2026MitigatedAnnual report
「During the fiscal year, impairment losses were recognized for asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close stores, and idle asset groups not expected to be used in the future. For domestic asset groups, impairment losses are recognized when the total estimated undiscounted future cash flows generated by an asset group fall below its carrying amount. For overseas asset groups, impairment losses are recognized when total discounted future cash flows fall below the carrying amount. The carrying amount is reduced to the recoverable amount, and the reduction is recorded as an impairment loss under extraordinary losses.」
Impairment losses totaled ¥2.023 billion, of which China accounted for ¥1.041 billion and 49 stores. Both the scope and amount decreased from 111 stores and ¥2.231 billion in China in the previous fiscal year. - FY2026-H1MitigatedAnnual report
「During the interim consolidated accounting period, impairment losses were recorded for the following asset groups.」
Impairment losses totaled ¥200.898 million, up from ¥176.249 million in the same period of the previous year. In China, however, the amount and number of affected stores decreased to ¥134.847 million and 18 stores from ¥162.684 million and 29 stores in the same period of the previous year. Both “quantified” and “materialized” apply. - FY2025WorsenedAnnual report
「Extraordinary losses totaled ¥319 million, including ¥272.2 million related to the China business, where the company is accelerating the disposal of unprofitable stores.」
Impairment losses totaled ¥2.612 billion, of which China accounted for 111 stores and ¥2.23 billion. Both the scope and amount increased from 72 stores and ¥828 million in China in the previous fiscal year. - FY2025-H1Impairment losses down, but affected stores in China upAnnual report
「The carrying amounts of asset groups for which a decision had been made to close stores and idle asset groups not expected to be used in the future were reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses.」
Impairment losses totaled ¥176.249 million, down from ¥233.249 million in the same period of the previous year. Meanwhile, the number of affected stores in China increased from 21 to 29, with China accounting for ¥162.684 million. - FY2025-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
Total impairment losses amounted to ¥33.49 million, up from ¥25.589 million in the same period of the previous year. In China, ¥25.834 million was recorded for 7 stores, up in both scope and amount from 5 stores and ¥11.895 million in the same period of the previous year. - FY2024MitigatedAnnual report
「During the fiscal year, impairment losses were recognized for asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close stores, and idle asset groups not expected to be used in the future. For domestic asset groups, impairment losses are recognized when the total estimated undiscounted future cash flows generated by an asset group fall below its carrying amount. For overseas asset groups, impairment losses are recognized when total discounted future cash flows fall below the carrying amount. The carrying amount is reduced to the recoverable amount, and the reduction is recorded as an impairment loss under extraordinary losses.」
Impairment losses totaled ¥1.078 billion, of which China accounted for ¥828 million. The affected stores totaled 72, down from 74 stores and ¥1.893 billion in China in the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, impairment losses were recorded for the following asset groups. In estimating future cash flows, the company reviewed the timing of sales recovery in China in light of the deterioration in the business environment and uncertainty over the outlook. The assumption for sales recovery was changed to assume that sales would broadly recover to pre-pandemic levels during the fiscal year ending February 2025.」
Impairment losses totaled ¥703.273 million, covering 64 stores, up in both amount and scope from ¥601.321 million and 61 stores in the same period of the previous year. The assumption for the timing of sales recovery in China was also changed to recovery during the fiscal year ending February 2025. - FY2024-Q2WorsenedAnnual report
「During the six-month period ended 30 September, impairment losses were recorded for the following asset groups.」
Impairment losses totaled ¥233.249 million, covering 29 stores. Both the amount and scope increased substantially from ¥25.589 million and 9 stores in the cumulative period through the previous quarter, with ¥211.125 million recorded for 21 stores in China. - FY2024-Q1Impairment losses down, but scope of affected assets unchangedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
Impairment losses totaled ¥25.589 million, down from ¥44.976 million in the same period of the previous year. Meanwhile, the affected assets comprised 9 stores: 2 in Japan, 5 in China, 1 in the Philippines and 1 in Indonesia, and impairment losses continued to be recorded. - FY2023WorsenedAnnual report
「During the fiscal year, impairment losses were recognized for asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close stores, idle asset groups not expected to be used in the future, and asset groups expected to experience a significant deterioration in the operating environment. For domestic asset groups, impairment losses are recognized when the total estimated undiscounted future cash flows generated by an asset group fall below its carrying amount. For overseas asset groups, impairment losses are recognized when total discounted future cash flows fall below the carrying amount. The carrying amount is reduced to the recoverable amount, and the reduction is recorded as an impairment loss under extraordinary losses.」
Impairment losses totaled ¥2.165 billion, covering 136 stores. China alone accounted for ¥1.893 billion and 74 stores, with both the amount and scope expanding from the previous review. - FY2023-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close stores, and idle asset groups not expected to be used in the future were reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses.」
Impairment losses totaled ¥601 million, covering 61 stores, up in both amount and number of stores from ¥176.77 million and 37 stores in the same period of the previous year. In China, 43 stores totaling ¥545.477 million were affected. The assumption for sales recovery at the Chinese stores was also changed to recovery during the first half of the fiscal year ending February 2024. - FY2023-Q2MitigatedAnnual report
「During the six-month period ended 30 September, impairment losses were recorded for the following asset groups.」
Impairment losses totaled ¥79.342 million, and 12 stores were affected, down in both amount and number of stores from ¥172.023 million and 32 stores in the same period of the previous year. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close stores, and asset groups expected to experience a significant deterioration in the operating environment were reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses.」
Impairment losses totaled ¥176.774 million, up from ¥172.023 million in the cumulative period through the previous quarter. The number of affected stores also increased from 32 in the previous quarter to 37, including 11 in China and 14 in the Philippines. - FY2022-Q2Impairment losses down, but number of affected stores upAnnual report
「During the six-month period ended 30 September, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close stores, and asset groups expected to experience a significant deterioration in the operating environment were reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses.」
Impairment losses totaled ¥172.023 million, down from ¥268.081 million in the same period of the previous year. Meanwhile, the number of affected stores increased to 32 from 23 in the cumulative period through the previous quarter. - FY2022-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
Impairment losses totaled ¥35.511 million, covering 10 stores: 2 in Japan, 3 in China, 4 in the Philippines and 1 in Vietnam. Both the amount and the number of affected stores decreased from ¥194.334 million and 23 stores in the same period of the previous year. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
Impairment losses totaled ¥351.248 million, up from ¥133.368 million in the cumulative period through the previous quarter. The affected assets included 41 stores and other assets in Japan, China, the Philippines, Thailand and Indonesia. In the impairment test, the assumption for the timing of sales recovery in certain regions was changed to recovery during the next consolidated fiscal year. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
Impairment losses totaled ¥268.081 million, up from ¥133.368 million in the same period of the previous year. The scope also expanded to 31 stores and other assets in Japan, China, the Philippines, Thailand and Indonesia. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
Impairment losses totaled ¥194 million and covered a total of 23 stores and other assets, including 1 domestic store, 8 stores in China, 10 stores in the Philippines and 4 stores in Indonesia. Asset groups expected to face a significant deterioration in the operating environment were also covered. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
Impairment losses totaled ¥562.469 million, up from ¥467.182 million in the same quarter of the previous year. The assets covered included 46 stores and other assets, including 22 stores in China. - FY2020-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative and asset groups for which a decision had been made to close were reduced to their recoverable amounts, with the reductions recognized as impairment losses under extraordinary losses.」
Impairment losses totaled ¥133 million, down from ¥353 million in the same quarter of the previous year. Impairment losses were recognized for a total of 21 stores and other assets, including 6 domestic stores, 8 stores in China and 7 stores in Malaysia, while store closures and impairment themselves continued. - FY2020-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
An impairment loss of ¥38.324 million was recognized for a total of 9 stores and other assets, comprising 3 domestic stores, 4 stores in China and 2 stores in Malaysia. Impairment losses associated with store closure decisions and other factors continued to arise. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative and asset groups for which a decision had been made to close were reduced to their recoverable amounts, with the reductions recognized as impairment losses under extraordinary losses.」
Impairment losses totaled ¥467 million, up from ¥374 million in the same quarter of the previous year. In addition to assets in Japan, China, Malaysia and Thailand, amusement equipment and software were also covered. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative and asset groups for which a decision had been made to close were reduced to their recoverable amounts, with the reductions recognized as impairment losses under extraordinary losses.」
Impairment losses totaled ¥353 million, up from ¥155 million in the cumulative second quarter of the previous fiscal year. The assets covered included 12 domestic stores, 2 stores in China, 1 store in Malaysia and 6 stores in Thailand, among others, with impairment related to Thailand, including amusement equipment, being significant. - FY2019-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, impairment losses were recognized for the following asset groups.」
An impairment loss of ¥34.595 million was recognized for asset groups for which a decision had been made to close, among others. The assets covered included a total of 10 stores and other assets, including 2 domestic stores, 5 stores in China and 3 stores in Thailand. Although impairment losses declined from ¥47.916 million in the same quarter of the previous year, store closures and impairment continued. - FY2018-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close, and idle asset groups not expected to be used in the future were reduced to their recoverable amounts, with the reductions recognized as impairment losses under extraordinary losses.」
Impairment losses totaled ¥374.418 million for the cumulative third quarter, covering a total of 61 stores and other assets, including 26 domestic stores, 16 stores in China, 9 stores in Malaysia and 10 stores in Thailand. - FY2018-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close, and idle asset groups not expected to be used in the future were reduced to their recoverable amounts, with the reductions recognized as impairment losses under extraordinary losses.」
Impairment losses totaled ¥155.924 million, covering a total of 29 stores and other assets, including 11 domestic stores, 9 stores in China, 6 stores in Malaysia and 3 stores in Thailand. - FY2018-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, impairment losses of ¥7.025 million were recognized in the Domestic segment and ¥40.891 million in the ASEAN segment.」
Impairment losses of ¥47.916 million arose during the quarter, covering 9 domestic stores, 4 stores in Malaysia and 3 stores in Thailand. Although this exceeded the ¥31.771 million recognized in the same quarter of the previous year for China, China was not included among the stores covered this time. - FY2017WorsenedAnnual report
「During the current consolidated fiscal year, the carrying amounts of asset groups whose cash flows from operating activities were continuously negative or expected to remain continuously negative, asset groups for which a decision had been made to close, and idle asset groups not expected to be used in the future were reduced to their recoverable amounts, with the reductions recognized as impairment losses under extraordinary losses.」
Impairment losses for the current fiscal year totaled ¥247 million, including ¥216 million recognized overseas for 5 stores in China, 6 stores in Malaysia and 18 stores in Thailand, among others. - FY2017-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, impairment losses of ¥19.267 million were recognized in the Domestic segment and ¥95.922 million in the Overseas segment.」
Impairment losses continued, with the cumulative amount in the Overseas segment reaching ¥95.922 million. The breakdown included ¥37.617 million for 3 stores in China, as well as impairment losses for 3 stores in Malaysia and 5 stores in Thailand. - FY2017-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, impairment losses of ¥1.497 million were recognized in the Domestic segment and ¥33.669 million in the Overseas segment.」
Impairment losses continued to arise following decisions to close stores, with ¥33.669 million recognized in the Overseas segment during the cumulative second quarter. - FY2017-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, an impairment loss of ¥31.771 million was recognized in the Overseas segment. For asset groups for which a decision had been made to close, the carrying amounts were reduced to their recoverable amounts, and the reductions were recognized as impairment losses under extraordinary losses.」
An impairment loss of ¥31.771 million was recognized for stores and other assets in China following the decision to close them.