Impairment of Fixed Assets in the Shoes Business
First written in FY2019-Q3. 1 of 4 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022RestatedAnnual report
「[Information on impairment losses on property, plant and equipment by reportable segment] Consolidated fiscal year (from 1 April 2021 to 31 March 2022) There were no applicable items.」
No impairment loss on property, plant and equipment was recorded for the current fiscal year in any of the reportable segments, including the Shoes business. - FY2020-Q3No Impairment Loss in the Fiscal YearAnnual report
「For the nine months ended 31 December 2019 (from 1 April 2019 to 31 December 2019), there were no applicable items.」
No impairment loss on property, plant and equipment was recorded in the Shoes business for the nine months ended the third quarter, compared with the ¥1,214 million recorded in the same period of the previous fiscal year. - FY2019Full-year impairment loss finalizedAnnual report
「Operating income in the Shoes business has remained negative amid intensifying competition with rival companies. As a result of examining future recoverability, the company determined that the cash flows initially forecast could not be expected and recorded an impairment loss as an extraordinary loss. The breakdown was ¥859 million for buildings and structures, ¥245 million for machinery, equipment and vehicles, and ¥110 million for other assets.」
The company disclosed the breakdown of the total ¥1,214 million impairment loss on property, plant and equipment in the Shoes business for the full year, along with its determination that future cash flows could not be expected. - FY2019-Q3First statedAnnual report
「Operating income in the Shoes business has remained negative amid intensifying competition with rival companies. As a result of examining future recoverability, the company determined that the cash flows initially forecast could not be expected and recorded an impairment loss as an extraordinary loss. The breakdown was ¥859 million for buildings and structures, ¥245 million for machinery, equipment and vehicles, and ¥110 million for other assets.」
Against a backdrop of intensifying competition and continued operating losses in the Shoes business, the company recorded an impairment loss of ¥1,214 million on property, plant and equipment because future cash flows could not be expected.