Impairment Risk for Fixed Assets
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2022RestatedAnnual report
「The company owns the land and buildings of all its head and branch offices and groups fixed assets by store. Some of these assets have experienced a significant decline in market prices, and declining profitability or other factors may make it impossible to recover the amount invested.」
The company reconfirms the impairment risk associated with owning the land and buildings of all its head and branch offices and the significant decline in market prices in some cases. - FY2021RestatedAnnual report
「The company owns the land and buildings of all its head and branch offices and groups fixed assets by store. Some of these assets have experienced a significant decline in market prices, and declining profitability or other factors may make it impossible to recover the amount invested.」
The company reconfirms the impairment risk associated with owning the land and buildings of all its head and branch offices and the significant decline in market prices in some cases. - FY2020WorsenedAnnual report
「The company owns the land and buildings of all its head and branch offices and groups fixed assets by store. Some of these assets have experienced a significant decline in market prices, and declining profitability or other factors may make it impossible to recover the amount invested.」
The company provides specific details that it owns the land and buildings of all its head and branch offices and that the market prices of some have declined significantly, expanding its explanation of impairment risk. - FY2019RestatedAnnual report
「The company may be unable to recover its investment in fixed assets due to declining asset profitability or other factors. If this leads to the recognition of an impairment loss as prescribed under the Accounting Standard for Impairment of Fixed Assets, the company's operating results and financial position could be affected.」
The company reiterates the risk of impairment resulting from declining profitability of fixed assets. - FY2018RestatedAnnual report
「The company may be unable to recover its investment in fixed assets due to declining asset profitability or other factors. If this leads to the recognition of an impairment loss as prescribed under the Accounting Standard for Impairment of Fixed Assets, the company's operating results and financial position could be affected.」
The company reiterates the risk of impairment resulting from declining profitability of fixed assets. - FY2017RestatedAnnual report
「The company may be unable to recover its investment in fixed assets due to declining asset profitability or other factors. If this leads to the recognition of an impairment loss as prescribed under the Accounting Standard for Impairment of Fixed Assets, the company's operating results and financial position could be affected.」
The company reiterates the risk of impairment of fixed assets. - FY2016First statedAnnual report
「The company may be unable to recover its investment in fixed assets due to declining asset profitability or other factors. If this leads to the recognition of an impairment loss as prescribed under the Accounting Standard for Impairment of Fixed Assets, the company's operating results and financial position could be affected.」
The company describes the possibility of recognising impairment losses due to declining asset profitability.