Fixed-Asset Impairment Risk at School Facilities and Monthly Monitoring
First written in FY2021. 6 of 18 entries say "Worsened", first in FY2022-Q2. Latest entry: 2026-10-27.
Shuei Yobiko moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
1 other company's latest entry also says "Materialised".
- 2026-10-27MaterialisedOccurring Fact
「We will record the resulting decrease of ¥45 million as an impairment loss.」
Following the decision to close 1 school in Kanagawa prefecture where securing student numbers had become difficult, the company will record a ¥45 million impairment loss on fixed assets. Profitability and fixed-asset impairment risks at the school have materialized. - FY2026Impairment Losses Continue Alongside Provisions for Relocations and ClosuresAnnual report
「As revenue and earnings fell below plan due to the downturn in the domestic economy, making it difficult to secure a sufficient number of students at 2 schools in Shizuoka Prefecture and 1 school in Hokkaido, the carrying amount of the above asset group was reduced to its recoverable amount, and the resulting reduction of ¥4.495 million was recognized as an impairment loss and recorded as an extraordinary loss.」
Although impairment losses declined from ¥17.820 million in the previous year to ¥4.495 million, impairment losses due to insufficient student numbers and earnings arose at 3 schools. Separately, the Company also recognized ¥311 million in provision for school relocation and closure losses. - FY2026-H1ReframedAnnual report
「Provision for school relocation and closure losses ¥132.241 million」
During the interim consolidated accounting period, the Company recognized a provision for school relocation and closure losses, rather than an impairment loss, for rent during the non-operating period associated with the relocation of the school in Hokkaido. The presentation of school-related losses has shifted from impairment losses mainly to provisions related to relocation and closure. - FY2025-H1MitigatedAnnual report
「During the interim consolidated accounting period, the Company recognized an impairment loss of ¥258 thousand for the elementary and junior high school division.」
Although impairment losses on schools arose due to changes in the market environment and insufficient student numbers, the amount declined significantly from ¥470.208 million in the same period of the previous year to ¥258 thousand. - FY2024WorsenedAnnual report
「The Company has recognized impairment losses for 6 schools where enrollment in September and March fell below the initial plan, as well as 3 schools for which a decision to relocate was made.」
Impairment losses associated with declining student numbers and profitability at the schools and decisions to relocate totaled ¥512.748 million, a significant increase from ¥127.273 million in the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「As revenue and earnings fell below plan due to changes in the market environment and other factors, it became difficult to secure a sufficient number of students at the school in Aichi Prefecture. An impairment loss of ¥43.047 million has therefore been recognized as an extraordinary loss. In addition, an impairment loss of ¥427.160 million has been recognized as an extraordinary loss for the school in Shizuoka Prefecture, for which a decision to relocate was made.」
Due to insufficient student numbers and earnings resulting from changes in the market environment, as well as a decision to relocate, the Company recognized a total impairment loss of ¥470.208 million at 2 schools. The amount of impairment loss increased significantly from ¥27.983 million in the same period of the previous year. - FY2024-Q2WorsenedAnnual report
「The Group has recognized impairment losses for the following asset groups: Shizuoka Prefecture (1 school) ... ¥427.160 million in total; Aichi Prefecture (1 school) ... ¥43.047 million in total. As revenue and earnings fell below plan due to changes in the market environment and other factors, it became difficult to secure a sufficient number of students at the school in Aichi Prefecture. An impairment loss of ¥43.047 million has therefore been recognized as an extraordinary loss. In addition, an impairment loss of ¥427.160 million has been recognized as an extraordinary loss for the school in Shizuoka Prefecture, for which a decision to relocate was made.」
The Company recognized a total impairment loss of ¥470.208 million at 2 schools due to insufficient student numbers and earnings resulting from changes in the market environment, as well as a decision to relocate. This was a significant increase from ¥7.122 million in the same period of the previous year. - FY2024-Q1Provision Recognized Due to Delays in Restoring Closed School Buildings to Their Original ConditionAnnual report
「Under extraordinary income and losses, the company recorded rent and other costs for the extended period required for restoration work at school buildings closed at the end of the previous fiscal year as an expense for provisions for store-closure losses.」
Due to the extension of restoration work at closed school buildings, the company recorded an expense for provisions for store-closure losses of ¥3.560 million. Losses associated with school closures have arisen. - FY2023Impairment Losses Decline and Losses Recorded for School Buildings Scheduled for Closure or SaleAnnual report
「Although the company is generally on a recovery trend as COVID-19 has subsided, it recorded an expense for provisions for store-closure losses and impairment losses because student numbers have not recovered at some school buildings.」
At some school buildings, student numbers did not recover, resulting in the recognition of a ¥40 million provision for closure losses and an impairment loss of ¥127 million. The impairment loss declined from ¥217 million in the previous fiscal year. - FY2023-Q3Impairment Losses Decline and Closure of 11 School Buildings DecidedAnnual report
「After reviewing future profitability based on the number of lower-grade students and market conditions as of the end of September and December, the Company decided to close 11 schools.」
The number of school buildings slated for closure increased from 7 previously to 11, while the impairment loss for the cumulative third-quarter period was ¥27.983 million, down from ¥204.625 million in the same period of the previous year. - FY2023-Q2Impairment Losses Decline and Closure of 7 School Buildings DecidedAnnual report
「Under extraordinary income and losses, after reviewing the future profitability of each school building based on the number of lower-grade students and market conditions as of the end of September, the company decided to close 7 school buildings. Accordingly, it recorded an expense for provisions for store-closure losses and impairment losses.」
While deciding to close 7 school buildings after reviewing future profitability, the company recorded an impairment loss of ¥7.122 million during the cumulative second-quarter period, down from ¥198.119 million in the same period of the previous year. - FY2022WorsenedAnnual report
「During the consolidated fiscal year under review, the company reduced the carrying amount of the asset groups for 5 school buildings in Shizuoka Prefecture, 4 in Aichi Prefecture, 1 in Gifu Prefecture and 1 in Hokkaido, for which it had decided to close or relocate, to their recoverable amounts, and recorded the reduction of ¥175.944 million as an impairment loss under extraordinary losses.」
Impairment losses associated with insufficient student numbers and lower profitability at school buildings, as well as closures and relocations, amounted to ¥217 million, up from ¥82 million in the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「We recorded ¥204.625 million as an impairment loss on fixed assets.」
The company recorded an impairment loss of ¥204 million related to declines in student numbers and profitability at school buildings and to closures and relocations, up from ¥10 million in the cumulative third-quarter period of the previous fiscal year. - FY2022-Q2WorsenedAnnual report
「We recorded ¥198.119 million as an impairment loss on fixed assets.」
Regarding impairment of fixed assets associated with declines in student numbers and profitability at school buildings, the company recorded an impairment loss of ¥198 million during the cumulative second-quarter period. The loss increased from ¥82 million in the previous fiscal year, indicating that the risk has continued and expanded as an actual loss. - FY2021First statedAnnual report
「If student numbers at these school buildings fall below the initial plan and profitability declines, or if the market price of the land falls significantly, impairment losses may arise and affect the operating results and other aspects of the Group.」
The company has disclosed impairment risk for fixed assets at the individual school-building level due to insufficient student numbers, lower profitability and falling land prices as a separate risk. It also recorded an impairment loss of ¥82 million during the fiscal year under review and indicated measures to check monthly the number of enrollments and withdrawals, enrolled students and operating conditions at school buildings showing signs of impairment.