Impairment of fixed assets in the golf course operations business
First written in FY2016. 2 of 3 entries say "Materialised", first in FY2018. Latest entry: FY2019.
Sankyo moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Materialised".
- FY2019MaterialisedAnnual report
「For the assets of the Kiryu-Sakaino plant, the company decided during the current consolidated fiscal year to demolish the buildings and other structures. Accordingly, the carrying amounts were reduced to their recoverable amounts, and the decrease was recognized as an impairment loss under extraordinary losses.」
The company recorded a total impairment loss of ¥310 million on the buildings and land at the Kiryu-Sakaino plant. - FY2018MaterialisedAnnual report
「For the golf course assets, a review of the business plan led to the expectation that their carrying amounts would exceed future cash flows. Accordingly, the carrying amounts were reduced to their recoverable amounts, and the decrease was recognized as an impairment loss under extraordinary losses.」
The company recorded a total impairment loss of ¥3,202 million, including ¥2,846 million on a golf course and ¥356 million on idle assets. - FY2016First statedAnnual report
「For the above assets, additional investment was expected to cause their carrying amounts to exceed future cash flows. Accordingly, the carrying amounts were reduced to their recoverable amounts, and the decrease was recognized as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥3,264 million on a golf course in Takasaki, Gunma Prefecture.