Impairment loss due to lower profitability of assets used in the Hong Kong business
First written in FY2021-Q1. 2 of 3 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2021-Q3.
Japan Cash Machine moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2017: 9 of 15 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2021-Q3WorsenedAnnual report
「The company recognized impairment losses on business-use assets in Japan, Germany, the United Kingdom and Hong Kong due to declining profitability. The impairment loss relating to these assets was ¥5,637.055 million.」
The company recognized impairment losses due to declining profitability on business-use assets in Japan, Germany and the United Kingdom, including Hong Kong. The total impairment loss, including these assets, was ¥5,637.055 million. - FY2021-Q2WorsenedAnnual report
「The company recognized an impairment loss on business-use assets whose profitability had declined. The impairment loss relating to these assets was ¥24.087 million.」
Profitability of business-use assets in Hong Kong continued to decline, and the impairment loss increased from ¥19.989 million in the previous quarterly report to ¥24.087 million. - FY2021-Q1First statedAnnual report
「The company recognized an impairment loss on business-use assets whose profitability had declined. The impairment loss relating to these assets was ¥19.989 million.」
The company recognized a ¥19.989 million impairment loss on fixtures and equipment, intangible assets and other assets in Hong Kong due to declining profitability.