Discontinuation and Classification of Employee Dormitories as Idle Assets and Expected Recognition of Impairment Losses
First written in FY2019-Q3. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
2 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「The Company recognised an impairment loss of ¥69.713 million during the fiscal year.」
Regarding the impairment loss previously described as expected in the prior quarterly report, the annual report records actual recognition of ¥69.713 million. - FY2019-Q3First statedAnnual report
「At a board meeting held on 8 February 2019, the Company resolved to abolish the employee dormitories and related land and buildings it owns in Nerima-ku, Tokyo, due to their ageing, change its holding policy and classify them as idle assets. For the accounting treatment resulting from this resolution, the Company is applying the Accounting Standard for Impairment of Fixed Assets issued by the Business Accounting Council and expects to recognise an extraordinary loss in the fourth quarter of the fiscal year ended March 2019. The details of the impairment loss are still under review.」
The board's resolution to abolish the ageing employee dormitories and classify them as idle assets, and the expected recognition of an impairment loss as an extraordinary loss in the fourth quarter of the fiscal year ended March 2019, are described for the first time as a material subsequent event.