Echigo Denemon’s Continued Losses and Impairment Losses
First written in FY2018. 1 of 3 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2022-Q2.
No other company in this theme has enough history to compare yet.
- FY2022-Q2MitigatedAnnual report
「As all shares held in Echigo Denemon Co., Ltd., which operated the alcoholic beverage manufacturing business, were transferred on 1 July 2021, the company was excluded from the scope of consolidation from the second quarter.」
The transfer of all shares in Echigo Denemon, which had generated continuing losses and impairment losses, reduced the group’s ongoing consolidated loss exposure to the company. - FY2019-Q2WorsenedAnnual report
「In the alcoholic beverage manufacturing business, impairment processing was performed on fixed assets because the operating environment deteriorated, and an impairment loss was recorded. The amount recorded during the six-month period ended 30 September was ¥224.632 million. Goodwill was also impaired because of the deterioration in the operating environment, and an impairment loss of ¥321.841 million was recorded during the same period.」
The alcoholic beverage manufacturing business recorded impairment losses of ¥224.632 million on fixed assets and ¥321.841 million on goodwill, totaling ¥546.473 million, expanding the impact from the previous disclosure. - FY2018First statedAnnual report
「Because operating results generated by the alcoholic beverage manufacturing business of Echigo Denemon Co., Ltd. have remained negative, the carrying amount was reduced to the recoverable amount and the reduction was recorded as an impairment loss.」
The company reports that Echigo Denemon’s operating results remained negative and that an impairment loss of ¥34.628 million was recorded.