Impairment of Fixed Assets Due to Continued Losses in Hotel Business
First written in FY2020-Q2. 2 of 5 entries say "Restated". Latest entry: FY2025-H1.
0 other companies' latest entry also says "Other".
- FY2025-H1Hotel redevelopment completedAnnual report
「The main changes in fixed assets included a ¥8,378 million increase in buildings and structures, due to factors including the construction of a new building and completion of hotel renovation work. As a result, fixed assets increased ¥4,484 million from the end of the previous consolidated fiscal year.」
The completion of redevelopment work for the hotel business is reported. No new recurring losses in the hotel business or impairment losses are reported. - FY2021-Q2MitigatedAnnual report
「No applicable matters were reported for the cumulative second quarter of the current consolidated fiscal year (from 1 October 2020 to 31 March 2021).」
No impairment loss of ¥431 million, which had been recognized for hotel business assets in the same period of the previous year, was recognized in the cumulative second quarter of the current consolidated fiscal year. However, this does not state that the risk of recurring losses has been eliminated. - FY2020RestatedAnnual report
「Because the hotel business has continued to generate losses from operating activities, the carrying amount of the hotel business assets was reduced to their recoverable amount, and the decrease was recorded as an impairment loss and an extraordinary loss.」
An impairment loss of ¥431 million attributable to recurring losses in the hotel business was recognized for the full fiscal year. - FY2020-Q3RestatedAnnual report
「Impairment loss 431」
An impairment loss of ¥431 million attributable to recurring operating losses was recognized for hotel business assets in the cumulative third quarter. - FY2020-Q2MaterialisedAnnual report
「Because the hotel business has continued to generate losses from operating activities, the carrying amount of the hotel business assets was reduced to their recoverable amount, and the decrease was recorded as an impairment loss and an extraordinary loss.」
The hotel business continued to report negative operating income, and an impairment loss totaling ¥431 million was recognized for buildings, machinery and equipment, tools, fixtures and fittings, and land.