Impairment losses associated with a review of the use of owned real estate
First written in FY2023-Q3. 2 of 4 entries say "Materialised", first in FY2025. Latest entry: FY2026.
Saxa moved to the "Worse" side of this theme in 2025.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The company decided in June 2025 to relocate its head office from its owned office property and reduced the carrying amount of assets with no planned future use to their recoverable amount. The company also decided in March 2026 to relocate its owned office property in Yokohama, Kanagawa Prefecture, and office properties owned by its subsidiaries, and reduced the carrying amount of assets with no planned future use to their recoverable amount.」
Impairment losses associated with the review of property use and relocation of sites were actually recognized at ¥172 million for Yokohama, Tokyo and Sapporo in the current fiscal year, compared with ¥91 million in the previous fiscal year. - FY2026-H1Impairment loss recorded for the interim periodAnnual report
「Impairment losses 91 30」
Impairment losses decreased from ¥91 million in the interim period of the previous year to ¥30 million in the current interim consolidated accounting period. - FY2025MaterialisedAnnual report
「The increase resulting from this change in estimate was recognized as an asset retirement obligation, while the building recognized at the same time was recognized as an impairment loss.」
For the real estate owned in Sagamihara, the company progressed from the estimate associated with the review of its use and actually recognized an impairment loss of ¥91 million on the building. - FY2023-Q3First statedAnnual report
「As a result, the company expects to recognize impairment losses of up to ¥1,053 million.」
In connection with reviewing the use of owned real estate in Sagamihara as rental property, the company disclosed that it expects to recognize impairment losses of up to ¥1,053 million in the fourth quarter of the fiscal year ending March 2023. This was still an estimate and had not actually been recognized as of the end of the third quarter.