Wesco Holdings (6091) · RiskMitigated
Impairment Risk from Declines in the Market Prices of Properties Held
First written in FY2022. 1 of 3 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2023.
3entries
2years
0from disclosures
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Same theme, other companies
Impairment risk for real estate and fixed assets due to land prices, profitability, and deteriorating market conditionsA theme 405 companies write about · 420 as a headwind · 0 as a tailwind
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
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Showing 14 of the 189 companies compared. The sentences above are computed from all 189.Comparing 200 of the theme's 420 threads.Full recordFilings, disclosures and news, newest first
- FY2023MitigatedAnnual report
「The relevant asset, which was scheduled for sale when the impairment loss was recognized, was sold during the fiscal year under review.」
After recognizing an impairment loss of ¥49.288 million on owned real estate in connection with the relocation of the Toyooka office, the sale of the relevant asset was completed. - FY2023-Q3MaterialisedAnnual report
「The company recognised ¥49 million as an impairment loss for real estate assets scheduled for sale in connection with the relocation of a business office.」
An impairment loss of ¥49.288 million was recognized on owned real estate. The text does not cite falling land prices as the direct cause, explaining that the carrying amount was written down to the recoverable amount following the decision to sell the property in connection with the relocation of an office. - FY2022First statedAnnual report
「If the value of owned real estate declines in the future due to fluctuations in the market prices of assets such as land, the company may recognise impairment losses or other losses, which could affect the performance and financial condition of the Group.」
For the company-owned buildings held mainly in the Chugoku and Kansai regions, the company has identified as new major risks impairment due to declines in market prices such as land prices, as well as the need to monitor market trends and consider sales or relocation.