Recognition of impairment losses and other charges
Rakuten Group,Inc. (the Company)
Service for leasing out part of the warehouse space
Amid uncertainty regarding the outlook for future increases in cargo volumes, the Company has been optimizing its warehouse investment and use of warehouse space. Based on discussions with the lessee, it decided to change the warehouse leasing service to in-house use. As a result, no future cash flows are expected, and the recoverable amount was assessed at zero.
¥17,000 million in impairment losses on fixed assets and other charges. This amount is included in other expenses in the condensed quarterly consolidated income statement.
The second quarter of the fiscal year ending December 2026
Company response
The warehouse leasing service was changed to in-house use. Explicit suspension: Not disclosed
The warehouse leasing service will be changed to in-house use, and the Company will continue optimizing its warehouse investment and use of warehouse space.
| Item | Details |
|---|---|
| Event name | Recognition of impairment losses and other charges |
| Subject Entity | Rakuten Group,Inc. (the Company) |
| Target Locations / Products | Service for leasing out part of the warehouse space |
| Cause | Amid uncertainty regarding the outlook for future increases in cargo volumes, the Company has been optimizing its warehouse investment and use of warehouse space. Based on discussions with the lessee, it decided to change the warehouse leasing service to in-house use. As a result, no future cash flows are expected, and the recoverable amount was assessed at zero. |
| Amount of Impact on Business Performance | ¥17,000 million in impairment losses on fixed assets and other charges. This amount is included in other expenses in the condensed quarterly consolidated income statement. |
| Accounting period in which recognized | The second quarter of the fiscal year ending December 2026 |
| Suspended operations | The warehouse leasing service was changed to in-house use. Explicit suspension: Not disclosed |
| Outlook | The warehouse leasing service will be changed to in-house use, and the Company will continue optimizing its warehouse investment and use of warehouse space. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Amid uncertainty regarding the outlook for future increases in cargo volumes, the Company has been optimizing its warehouse investment and use of warehouse space. Based on discussions with the lessee, it decided to change the warehouse leasing service to in-house use. As a result, no future cash flows are expected, and the recoverable amount was assessed at zero.