Deterioration in Profitability and Impairment in the Australian Ferris Wheel Business
First written in FY2016. 4 of 10 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2021.
The whole theme swung hardest in 2019: 24 of 53 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Sanoyas Rides Australia Pty Ltd transferred all of its shares to the ROBU Group on 31 January 2021.」
The transfer of all shares was completed in response to deteriorating profitability in the Australian Ferris wheel business. The Company also recognized a loss on disposal of ¥842 million in the fiscal year. - FY2021-Q3MitigatedAnnual report
「The Company resolved to transfer all shares it holds in its consolidated subsidiary Sanoyas Rides Australia Pty Ltd to the ROBU Group (Switzerland), and entered into a share transfer agreement with the ROBU Group on the same date.」
The Company entered into an agreement to transfer all shares in the Australian Ferris wheel business, indicating its intention to exit the business in response to the risk of deteriorating profitability. - FY2018-Q3MitigatedAnnual report
「Operating profit or loss was an operating loss of ¥103 million, compared with an operating loss of ¥489 million in the same quarter of the previous year, due to losses at the aforementioned Pokémon EXPO Gym and the Australian Ferris wheel business.」
Although the Australian Ferris wheel business remains loss-making, the leisure business's operating loss, including Pokémon EXPO Gym, narrowed from ¥489 million in the same quarter of the previous year to ¥103 million. - FY2018-Q2MitigatedAnnual report
「Operating profit or loss was an operating loss of ¥57 million, compared with an operating loss of ¥292 million in the same quarter of the previous year, due to losses at the aforementioned Pokémon EXPO Gym and the Australian Ferris wheel business.」
Although the Australian Ferris wheel business remains loss-making, the leisure business's operating loss, including Pokémon EXPO Gym, narrowed from ¥292 million in the same quarter of the previous year to ¥57 million. - FY2018-Q1RestatedAnnual report
「Operating profit or loss was an operating loss of ¥11 million, compared with an operating loss of ¥176 million in the same quarter of the previous year, due to losses at the aforementioned Pokémon EXPO Gym and the Australian Ferris wheel business.」
Losses at the Australian Ferris wheel business, together with losses at Pokémon EXPO Gym, continue to be factors behind the leisure business's operating loss. - FY2017WorsenedAnnual report
「In addition, the company reassessed the future profitability of the Australian Ferris wheel business in light of changes in the business environment, including interest-rate trends, and recognised ¥652 million in impairment losses on fixed assets as an extraordinary loss.」
The reassessment of profitability in the Australian Ferris wheel business has materialised as an additional impairment loss of ¥652 million. - FY2017-Q3WorsenedAnnual report
「Operating income was an operating loss of ¥489 million, due to the start-up loss from operating the leisure facility described above and the loss from the Australian Ferris wheel business, compared with an operating loss of ¥150 million in the same quarter of the previous year.」
The leisure business's operating loss, including the loss from the Australian Ferris wheel business, expanded from ¥292 million in the cumulative previous quarter to ¥489 million. - FY2017-Q2RestatedAnnual report
「Operating income was an operating loss of ¥292 million, due to the start-up loss from operating the leisure facility described above and the loss from the Australian Ferris wheel business, compared with operating income of ¥31 million in the same quarter of the previous year.」
The loss from the Australian Ferris wheel business continued to be a factor behind the leisure business's operating loss. - FY2017-Q1RestatedAnnual report
「Operating income was an operating loss of ¥176 million, due to the start-up loss from operating the leisure facility described above and the loss from the Australian Ferris wheel business.」
The loss from the Australian Ferris wheel business continued to be a factor behind the leisure business's operating loss in the quarter. - FY2016First statedAnnual report
「In the Australian Ferris wheel business, while working to strengthen the operating management structure, the company reassessed future profitability and recognised ¥1,325 million in impairment losses on fixed assets as an extraordinary loss.」
The reassessment of profitability in the Australian Ferris wheel business has materialised as an actual impairment loss.