Impairment Risk for Trademark Rights, Store Assets and Other Assets
First written in FY2021. 4 of 12 entries say "Worsened", first in FY2022. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「Although the value of goodwill and trademark rights arising from the acquisition of Curves International, Inc. among intangible fixed assets declined in US dollar terms due to amortisation each period, the exchange rate for translating US dollars into yen at the end of the current interim consolidated accounting period was ¥11.75 weaker against the yen per US dollar than at the end of the previous consolidated fiscal year. As a result, the yen-converted balance increased by ¥724 million.」
Yen depreciation exceeding the decrease in the US dollar-denominated balance due to amortisation resulted in a ¥724 million increase in the yen-converted value of goodwill and trademark rights subject to impairment risk. - FY2025MitigatedAnnual report
「For the current consolidated fiscal year (from 1 September 2024 to 31 August 2025), there were no applicable matters.」
The balance of trademark rights decreased from ¥20,842 million in the previous fiscal year to ¥17,375 million, and no impairment loss was recorded in the current consolidated fiscal year. - FY2025-H1MitigatedAnnual report
「For the current interim consolidated accounting period (from 1 September 2024 to 28 February 2025), there were no applicable matters.」
Compared with the ¥19 million impairment loss recorded for the European business in the previous interim consolidated accounting period, no impairment loss was recorded in the current interim consolidated accounting period. - FY2024-Q3MaterialisedAnnual report
「The Curves Europe B.V. Group, the Company's consolidated subsidiary in Europe, has continued to report negative profit or loss from operating activities, and recovery of the investment was not expected. Accordingly, value in use was set at zero in determining recoverable amount, and an impairment loss of ¥19.438 million was recorded as an extraordinary loss.」
An impairment loss of ¥19.438 million was recorded for the European Curves business due to continued operating losses and the lack of prospects for recovering the investment. Impairment was actually incurred for the second consecutive quarter. - FY2024-Q2MaterialisedAnnual report
「An impairment loss of ¥19.274 million was recorded as an extraordinary loss.」
For the European franchise headquarters business, an impairment loss totaling ¥19.274 million was recorded on vehicles and transport equipment, tools, fixtures and fittings, software and other assets, on the grounds that operating losses had remained negative and recovery of the investment was not expected. - FY2024-Q1WorsenedAnnual report
「Although the value of goodwill and trademark rights arising from the acquisition of Curves International, Inc. among intangible fixed assets declined in US dollar terms due to amortisation each period, the exchange rate for translating US dollars into yen at the end of the first quarter of the current consolidated fiscal year was ¥4.59 weaker against the yen per US dollar than at the end of the previous consolidated fiscal year. As a result, the yen-converted balance increased by ¥307 million.」
Due to yen depreciation, the yen-converted balance of goodwill and trademark rights subject to impairment risk increased by ¥307 million from the end of the previous fiscal year. - FY2023MaterialisedAnnual report
「The Group treats each store as an asset group, taking into account its management accounting classifications. The assets subject to impairment were underperforming stores. As recovery of the investment was not expected, the value in use, used to determine recoverable amount, was set at zero and the carrying amount was reduced to a memorandum value, resulting in an impairment loss of ¥10.026 million recorded as an extraordinary loss.」
The balance of trademark rights was ¥20,126 million, down from ¥20,258 million in the previous fiscal year, while an impairment loss totaling ¥10.026 million was recorded for 3 underperforming stores. - FY2023-Q3Decrease in balance due to yen appreciation and amortisationAnnual report
「Although the value of goodwill and trademark rights arising from the acquisition of Curves International, Inc. among intangible fixed assets declined due to amortisation each period, the exchange rate for translating US dollars into yen at the end of the third quarter of the current consolidated fiscal year was ¥3.15 stronger against the yen per US dollar than at the end of the previous consolidated fiscal year. As a result, the yen-converted balance decreased by ¥1,517 million.」
The yen-converted balance of goodwill and trademark rights decreased by ¥1,517 million from the end of the previous consolidated fiscal year due to amortisation each period and yen appreciation. - FY2023-Q2Decrease in balance due to yen appreciation and amortisationAnnual report
「Although the value of goodwill and trademark rights arising from the acquisition of Curves International, Inc. among intangible fixed assets declined due to amortisation each period, the exchange rate for translating US dollars into yen at the end of the second quarter of the current consolidated fiscal year was ¥3.98 stronger against the yen per US dollar than at the end of the previous consolidated fiscal year. As a result, the yen-converted balance decreased by ¥1,307 million.」
Due to amortisation each period and yen appreciation, the yen-converted balance of goodwill and trademark rights subject to impairment risk decreased by ¥1,307 million from the end of the previous consolidated fiscal year. - FY2023-Q1WorsenedAnnual report
「Although the value of goodwill and trademark rights arising from the acquisition of Curves International, Inc. among intangible fixed assets declined in US dollar terms due to amortisation each period, the exchange rate for translating US dollars into yen at the end of the first quarter of the current consolidated fiscal year was ¥8.13 weaker against the yen per US dollar than at the end of the previous consolidated fiscal year. As a result, the yen-converted balance increased by ¥930 million.」
Due to yen depreciation, the yen-converted balance of goodwill and trademark rights subject to impairment risk increased by ¥930 million from the end of the previous fiscal year. - FY2022WorsenedAnnual report
「Trademark rights amounted to ¥20,258 million at the end of the consolidated fiscal year.」
The balance of trademark rights increased from ¥17,431 million in the previous fiscal year to ¥20,258 million, expanding the asset exposure subject to impairment risk. - FY2021First statedAnnual report
「Trademark rights amounted to ¥17,431 million at the end of the consolidated fiscal year. The recognition of impairment losses based on the results of valuations of the value of shares and other assets, based on the performance of each subsidiary, could affect the Company's performance.」
The company indicates impairment risk for fixed assets and shares in subsidiaries, including ¥17,431 million in trademark rights, if performance and market conditions deteriorate.