Risk of fixed-asset impairment due to prolonged COVID-19
First written in FY2020-Q3. 2 of 7 entries say "Restated". Latest entry: FY2024.
Cookbiz 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 2021: 3 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「At the end of the consolidated fiscal year, indicators of impairment were identified for fixed assets, including goodwill, held by ワールドインワーカー due to continued operating losses. However, because the total undiscounted future cash flows calculated based on the future business plan of ワールドインワーカー株式会社 exceeded the carrying amount of its fixed assets plus the carrying amount of goodwill, no impairment loss was recognized.」
Regarding impairment risk for fixed assets, continued operating losses at ワールドインワーカー led to indicators of impairment being identified for fixed assets including ¥47.555 million of goodwill. However, no impairment loss was recognized. - FY2023ReframedAnnual report
「We manage profits from fixed assets held by the group by implementing various measures based on the profit or loss of each division in the monthly accounts. However, if profitability declines significantly due to a sudden change in the external environment or other factors, and we determine that sufficient cash flow cannot be generated, recognition of an impairment loss will be required, which could affect the group's operating results and financial position.」
The wording has been broadened from the previous impairment risk centered on a prolonged COVID-19 pandemic to impairment risk for fixed assets arising generally from sudden changes in the external environment or declining profitability. - FY2021-Q3RestatedAnnual report
「Based on the above, we considered whether an impairment loss on fixed assets was necessary and recorded an impairment loss of ¥86.577 million on fixed assets.」
The company continues to disclose the recognition of an ¥86.577 million impairment loss on fixed assets associated with the downsizing and relocation of sites and a review of profitability. - FY2021-Q2MaterialisedAnnual report
「Based on the above, we considered whether an impairment loss on fixed assets was necessary and recorded an impairment loss of ¥86.577 million on fixed assets.」
The risk previously disclosed as the possibility of future impairment due to a prolonged or worsening COVID-19 pandemic materialized as an impairment loss of ¥86.577 million, prompted by the downsizing and relocation of sites and a review of profitability. - FY2021-Q1RestatedAnnual report
「As a result of considering whether fixed assets required impairment during the cumulative first-quarter period, we determined that, although indicators of impairment exist, recognition of an impairment loss was not necessary. If the impact of COVID-19 is prolonged or worsens further, an impairment loss on fixed assets may arise.」
Although indicators of impairment exist for fixed assets, no impairment loss was recognized during the cumulative first-quarter period. The possibility of future impairment due to a prolonged or worsening COVID-19 pandemic continues to be disclosed. - FY2020MitigatedAnnual report
「Based on the above assumptions, we considered whether fixed assets for the fiscal year required impairment and determined that, although indicators of impairment exist, recognition of an impairment loss was not necessary.」
Regarding the impairment risk associated with a prolonged COVID-19 pandemic, the company identified indicators of impairment but decided not to record an impairment loss for the fiscal year. - FY2020-Q3First statedAnnual report
「If the impact of COVID-19 is prolonged or worsens further, an impairment loss on fixed assets may arise.」
Although indicators of impairment exist for fixed assets, no loss has been recognized, and the company has newly indicated the possibility of impairment resulting from a prolonged or worsening COVID-19 pandemic.