Impairment Losses Related to Land Prices and Business Expansion
First written in FY2016. 6 of 8 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2022.
Kvk moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「There were no applicable matters during the current consolidated fiscal year (from 1 April 2021 to 31 March 2022).」
Although the risk relating to impairment accounting continues to be disclosed, no impairment loss was recorded during the consolidated fiscal year under review. - FY2021MaterialisedAnnual report
「For the consolidated fiscal year under review, the recoverable amount of idle assets not used in the business was assessed as zero.」
The Company recorded an impairment loss of ¥28.067 million on land held as investment property in the current fiscal year as well, and the impairment risk is materializing. - FY2020MaterialisedAnnual report
「For the consolidated fiscal year under review, the recoverable amount of idle assets not used in the business was assessed as zero.」
The Company recorded an impairment loss of ¥58.106 million on land held as investment property, and the impairment risk materialized again in the current fiscal year. - FY2019-Q2MaterialisedAnnual report
「Net income attributable to owners of the parent fell sharply to ¥281 million, down 56.9% year on year, because an extraordinary loss of ¥294 million relating to the impairment and demolition costs for equipment at the Kurono Plant and other items, which had been budgeted for the third quarter, was recorded in the financial results for the second quarter.」
The Company recorded an extraordinary loss of ¥294 million relating to the impairment and demolition costs for equipment at the Kurono Plant and other items, and the impairment risk materialized. - FY2017MaterialisedAnnual report
「During the current consolidated fiscal year, the Group recognized impairment losses on the following assets.」
The impairment risk materialized during the full fiscal year, with ¥186.037 million recorded for idle assets in Gifu City and ¥57.529 million for idle assets in Hida City, for a total of ¥243.567 million. The reason given was that there were no future plans to use the assets following the reorganization of the plants. - FY2017-Q3MaterialisedAnnual report
「In the Japan segment, the Company recorded an impairment loss. The amount of the impairment loss recorded was ¥70.003 million for the nine-month period ended the third quarter of the current fiscal year.」
Regarding the risk of impairment associated with land prices and business expansion, an impairment loss of ¥70.003 million was recorded in the Japan segment for the nine-month period ended the third quarter of the current fiscal year. - FY2017-Q2MaterialisedAnnual report
「In the Japan segment, the Company recorded an impairment loss on machinery and equipment. The amount of the impairment loss recorded was ¥23.858 million for the six-month period ended the second quarter of the current fiscal year.」
The impairment loss previously disclosed as a risk occurred on machinery and equipment in the Japan segment, amounting to ¥23.858 million. - FY2016First statedAnnual report
「The recognition of impairment losses resulting from future trends in land prices and business expansion may affect our Group's operating results and financial condition.」
The Company identifies land prices and business expansion as factors contributing to impairment of fixed assets.