Impairment of Fixed Assets and Risk of Additional Impairment Due to a Prolonged Recovery in Demand
First written in FY2022-Q3. 5 of 7 entries say "Materialised", first in FY2022. Latest entry: FY2026.
TRaaS On Product moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 5 of 16 companies on the "Worse" side.
13 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, signs of impairment were identified for AIrux8. After determining whether an impairment loss needed to be recognized, we reduced the carrying amount of the fixed assets to their recoverable amount.」
Indicators of impairment were identified for AIrux8, and the fixed assets were reduced to their recoverable amount. The impairment loss was ¥20.355 million, and the company also disclosed the possibility of additional impairment if its future plans change. - FY2024MaterialisedAnnual report
「Impairment loss 8,419」
The statement of cash flows for the fiscal year under review includes an impairment loss of ¥8.419 million. - FY2023-Q1RestatedAnnual report
「There has been no material change in the assumptions concerning the impact of COVID-19 described in the "Additional Information (Impact of COVID-19 in Making Accounting Estimates)" section of the securities report for the previous fiscal year.」
The company has reconfirmed that there has been no material change in the accounting estimates made in the previous fiscal year based on the assumption that the recovery in demand would be prolonged. - FY2022MaterialisedAnnual report
「In addition, in response to a significant deterioration in the operating environment, we conducted impairment testing for fixed assets and recorded a ¥135.531 million extraordinary loss as an impairment loss.」
Impairment of fixed assets due to weak demand and lower profitability actually occurred during the full year, resulting in an impairment loss of ¥135.531 million. - FY2022-Q3First statedAnnual report
「In making accounting estimates, including impairment testing for fixed assets and assessing the recoverability of deferred tax assets, we had assumed that signs of a recovery in demand would emerge during the fiscal year while the effects of COVID-19 would continue to some extent. Based on conditions as of the end of the third quarter accounting period, we revised this assumption to one that a considerable period would be required for demand to recover. As a result, we recorded an impairment loss of ¥116.275 million during the third quarter accounting period. If the assumptions used in these estimates change, additional impairment losses may arise.」
Following a change in the assumption that the recovery in demand would be prolonged, the Company recorded an impairment loss of ¥116.275 million on fixed assets and disclosed the possibility of additional impairment if the assumptions change.