Recognition of Impairment Losses on Fixed Assets
First written in FY2021. 5 of 7 entries say "Materialised", first in FY2024. Latest entry: FY2026.
Seiko moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 67 of 129 companies on the "Worse" side.
58 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the vehicle-related business, the company recorded impairment losses on offices in connection with the decision to relocate a business site.」
In connection with the relocation of a site in the vehicle-related business, the company recorded ¥33.405 million in impairment losses on buildings and structures. This was up from ¥16.504 million in the previous fiscal year. - 2026-05-14MaterialisedRevision of earnings forecasts
「Impairment loss － － － 33,405 － － 33,405」
An impairment loss of ¥33.405 million was recorded in the vehicle-related business, up from ¥16.504 million in the previous fiscal year. - FY2025MaterialisedAnnual report
「In the vehicle-related business, the company recorded impairment losses on a repair facility scheduled to close in connection with the relocation of Porsche Center Shizuoka and on offices scheduled to close as part of a review of its store network in western Shizuoka.」
The company recorded ¥16.504 million in impairment losses due to facility closures associated with the relocation of Porsche Center Shizuoka and the review of its store network in western Shizuoka. - FY2025-H1MaterialisedAnnual report
「During the current interim consolidated accounting period, in connection with the relocation of Porsche Center Shizuoka in the vehicle-related business, the carrying amounts of buildings and structures designated for demolition or disposal were reduced to their memorandum values, and the reduction of ¥14.687 million was recorded as an impairment loss under extraordinary losses.」
The company recorded ¥14.687 million in impairment losses during the interim period following the decision to demolish or dispose of buildings and other assets in connection with the relocation of Porsche Center Shizuoka. - FY2024MaterialisedAnnual report
「In the vehicle-related business, in connection with the decision to relocate Porsche Center Shizuoka and Porsche Center Hamamatsu, the company recorded impairment losses on vehicle-related business offices and rental assets in the real estate leasing business that had been designated for demolition or disposal. It also recorded impairment losses on an employee dormitory, a company-wide asset designated for demolition because of aging. The breakdown was ¥31.836 million for buildings and structures and other assets, ¥3.743 million for machinery, equipment and vehicles, ¥2.995 million for other items, and ¥64.518 million for demolition costs and other expenses.」
Although no impairment losses were recorded in the previous fiscal year, the company recorded ¥103.094 million in impairment losses in connection with the relocation of Porsche Center facilities and the demolition of an employee dormitory. - FY2022MitigatedAnnual report
「There were no applicable matters during the current consolidated fiscal year (from 1 April 2021 to 31 March 2022).」
Although ¥1.48129 billion in impairment losses on fixed assets was recorded in the previous fiscal year, no impairment losses were recorded during the current consolidated fiscal year. - FY2021First statedAnnual report
「As a result of reviewing future recoverability under the Accounting Standard for Impairment of Fixed Assets, the company recorded ¥1.481 billion in impairment losses on land, buildings and other assets as extraordinary losses, resulting in profit of ¥847 million, compared with profit of ¥268 million in the previous consolidated fiscal year.」
The company reviewed future recoverability in the vehicle-related business, cold forging business, real estate leasing business and other operations, and recorded ¥1.48129 billion in impairment losses on fixed assets.