Risk of Falling Real Estate Prices and Impairment
First written in FY2016. 7 of 12 entries say "Restated". Latest entry: FY2026.
F&M moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
26 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The business plan for “Providing IT solutions to companies and professional service firms,” the Office Station business within the Business Solutions segment, used to identify impairment indicators and determine and measure impairment losses, is based primarily on assumptions including increased sales volume from expanding the market share of the Office Station series of cloud software for human resources and labor management, higher selling prices for value-added products reflecting changes in market demand, and growth in the overall market for cloud-based human resources and labor management services. No impairment loss was recognized in the current consolidated fiscal year.」
Software attributable to the Office Station business increased to ¥4,590,700 thousand. The Group continues to disclose impairment risk based on assumptions regarding sales volume, selling prices and market growth, and no impairment loss was recognized in the current period. - FY2025RestatedAnnual report
「The business plan for “Providing IT solutions to companies and professional service firms,” the Office Station business within the Business Solutions segment, used to identify impairment indicators and determine and measure impairment losses, is based primarily on assumptions including increased sales volume from expanding the market share of the Office Station series of cloud software for human resources and labor management, higher selling prices for value-added products reflecting changes in market demand, and growth in the overall market for cloud-based human resources and labor management services. No impairment loss was recognized in the current consolidated fiscal year.」
The carrying amount of software in the Office Station business was ¥3,473,807 thousand. Impairment was assessed based on assumptions regarding sales volume, selling prices and market growth. No impairment loss was recognized in the current period. - FY2023RestatedAnnual report
「We carefully assess the identification of impairment indicators and the recognition and measurement of impairment losses. However, if changes in the business plan or market environment alter the conditions or assumptions underlying the estimates, impairment accounting may become necessary. No impairment loss was recognized in the current consolidated fiscal year.」
Continues to disclose impairment risk for Office Station software and other assets, while no impairment loss was recognized in the current period. - FY2023-Q1RestatedAnnual report
「However, if a situation arises in which economic activity is severely stalled because a highly infectious variant virus spreads, and the countermeasures taken by our Group prove ineffective, this could affect impairment accounting and other treatment for our Group’s fixed assets.」
Continues to disclose the possibility that economic stagnation caused by variant viruses could affect impairment accounting and other treatment for fixed assets. No impairment loss has been reported as of the current date. - FY2022WorsenedAnnual report
「In the current consolidated fiscal year, operating profit or loss after allocating company-wide expenses in the Office Station business, which belongs to the Business Solutions segment, has continued to show a loss because of extensive marketing activities and depreciation expense related to the active development of software, indicating signs of impairment.」
States that, in addition to the potential impairment of existing fixed assets and systems, the Office Station business has continued to report an operating loss and signs of impairment have been identified. However, no impairment loss was recognized because it was determined that future cash flows would exceed the carrying amount. - FY2022-Q3RestatedAnnual report
「However, if a situation arises in which economic activity is severely stalled because a variant virus spreads, and the countermeasures taken by our Group prove ineffective, this could affect impairment accounting and other treatment for our Group’s fixed assets.」
Continues to disclose the possibility that economic stagnation caused by variant viruses could affect impairment accounting and other treatment for fixed assets. - FY2022-Q1RaisedAnnual report
「However, if a situation arises in which economic activity is severely stalled because vaccinations do not progress as planned or a highly infectious variant virus spreads, and the countermeasures taken by our Group prove ineffective, this could affect impairment accounting and other treatment for our Group’s fixed assets.」
Specifically identifies the spread of COVID-19 variants and a slowdown in economic activity as potential causes of impairment risk for fixed assets. - FY2021RestatedAnnual report
「In addition to properties owned by our Group at which our head office is located, we have business-use fixed assets at sales offices and directly operated computer school locations nationwide, as well as internal business systems and systems for sale on which we actively spend development costs each fiscal year. If a decline in real estate values or business performance in the future makes impairment accounting for these assets necessary, it could affect our Group’s business performance.」
Continues to recognize internal business systems and systems for sale, in addition to real estate and business-use fixed assets, as subject to impairment risk. - FY2020RaisedAnnual report
「In addition to properties owned by our Group at which our head office is located, we have business-use fixed assets at sales offices and directly operated computer school locations nationwide, as well as internal business systems and systems for sale on which we actively spend development costs each fiscal year. If a decline in real estate values or business performance in the future makes impairment accounting for these assets necessary, it could affect our Group’s business performance.」
Explicitly identifies internal business systems and systems for sale, in addition to existing real estate and business-use fixed assets, as subject to impairment risk. - FY2019RestatedAnnual report
「In addition to properties owned by our Group at which our head office is located, we have business-use fixed assets at sales offices and directly operated computer school locations nationwide. If a decline in real estate values or business performance in the future makes impairment accounting necessary, it could affect our Group’s business performance.」
Reiterates the impairment risk for owned real estate and business-use fixed assets arising from declining real estate prices or business performance. - FY2017RestatedAnnual report
「In addition to properties owned by our Group at which our head office is located, we have business-use fixed assets at sales offices and directly operated Athena qualification school locations nationwide. If a decline in real estate values or business performance in the future makes impairment accounting necessary, it could affect our Group’s business performance.」
Reiterates the impairment risk for owned real estate and business-use fixed assets arising from declining real estate prices or business performance. - FY2016First statedAnnual report
「In addition to properties owned by our Group at which our head office is located, we have business-use fixed assets at sales offices and directly operated Athena qualification school locations nationwide. If a decline in real estate values or business performance in the future makes impairment accounting necessary, it could affect our Group’s business performance.」
Discloses the possibility that impairment accounting may become necessary for owned properties and business-use fixed assets depending on real estate prices and business performance.