Impairment Losses Due to Declining Profitability of Idle Land and Business-Use Land
First written in FY2017. 5 of 10 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
Aichi moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2017: 4 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts and recognized the resulting decrease of ¥381 thousand as an impairment loss under extraordinary losses.」
Impairment losses on idle land in Takamatsu City increased from ¥306 thousand in the previous fiscal year to ¥381 thousand. - FY2025MitigatedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts and recognized the resulting decrease of ¥306 thousand as an impairment loss under extraordinary losses.」
Impairment losses on idle land in Takamatsu City continued, but the amount decreased from ¥415 thousand in the previous fiscal year to ¥306 thousand. - FY2024MitigatedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts and recognized the resulting decrease of ¥415 thousand as an impairment loss under extraordinary losses.」
Impairment losses on idle land in Takamatsu City continued, but the amount decreased from ¥606 thousand in the previous fiscal year to ¥415 thousand. - FY2023WorsenedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts during the fiscal year and recognized the resulting decrease of ¥606 thousand as an impairment loss under extraordinary losses.」
Impairment losses on idle land in Takamatsu City increased from ¥449 thousand in the previous fiscal year to ¥606 thousand. - FY2022WorsenedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts during the fiscal year and recognized the resulting decrease of ¥449 thousand as an impairment loss under extraordinary losses.」
Impairment losses on idle land in Takamatsu City increased from ¥381 thousand in the previous fiscal year to ¥449 thousand. - FY2021MitigatedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts during the fiscal year and recognized the resulting decrease of ¥381 thousand as an impairment loss under extraordinary losses.」
Impairment losses due to lower land prices for idle land continued, but the amount decreased from ¥736 thousand in the previous fiscal year to ¥381 thousand. - FY2020WorsenedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts during the fiscal year and recognized the resulting decrease of ¥736 thousand as an impairment loss under extraordinary losses.」
Impairment losses on idle land in Takamatsu City increased from ¥395 thousand in the previous fiscal year to ¥736 thousand. Goodwill at the Australian subsidiary was extracted in a separate thread. - FY2019MitigatedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts during the fiscal year and recognized the resulting decrease of ¥395 thousand as an impairment loss under extraordinary losses.」
Impairment losses due to lower land prices for idle land continued, but the amount decreased from ¥763 thousand in the previous fiscal year to ¥395 thousand. - FY2018MitigatedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, the Company reduced the carrying amounts to recoverable amounts during the fiscal year and recognized the resulting decrease of ¥763 thousand as an impairment loss under extraordinary losses.」
Impairment losses due to lower land prices for idle land continued, but the amount declined sharply from ¥187.431 million in the previous fiscal year to ¥763 thousand. - FY2017MaterialisedAnnual report
「Because land prices for idle assets in Takamatsu City had declined relative to their carrying amounts, and the operating land in Tachikawa City had become less profitable, the Company reduced the carrying amounts to recoverable amounts during the fiscal year and recognized the resulting decrease of ¥187,431 thousand as an impairment loss under extraordinary losses.」
The Company recognized total impairment losses of ¥187 million due to lower land prices for idle land and lower profitability of operating land.