Risk of Impairment Losses on Fixed Assets
First written in FY2018. 4 of 11 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 63 of 115 companies on the "Worse" side.
- FY2024WorsenedAnnual report
「Fiscal year under review (1 April 2023 to 31 March 2024) Within Toyama Prefecture Operating branches 1 site Land 17 1 site Buildings 237 Idle assets 2 sites Land 68 2 sites Buildings 2 Total 325」
The Company recognized impairment losses of ¥325 million on operating branches and idle assets, up from ¥236 million in the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「In the banking segment, the carrying amounts of land and buildings at 3 idle sites were reduced to their recoverable amounts, and impairment losses were recognized. The impairment loss recognized during the nine-month period ended 31 December was ¥236 million.」
The Company recognized impairment losses of ¥236 million on 3 idle sites. Impairment continued, but decreased from ¥424 million in the same period of the previous year. - FY2023-Q1WorsenedAnnual report
「In the banking segment, the carrying amounts of land and buildings at 3 idle sites were reduced to their recoverable amounts, and impairment losses were recognized. The impairment loss recognized during the three-month period ended 30 June was ¥236 million.」
The Company recognized impairment losses of ¥236 million on 3 idle sites. This was up from ¥2 million in the same period of the previous year, indicating that impairment of property, plant and equipment continued and expanded. - FY2022WorsenedAnnual report
「Due to changes in the scope or manner of use and the identification of assets held for sale, the carrying amounts of these assets were reduced to their recoverable amounts, with the reductions recognized as impairment losses under extraordinary losses.」
The Company recognized impairment losses of ¥424 million on idle assets and other assets, up from ¥73 million in the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「In the banking segment, the carrying amounts of land and buildings at 8 idle sites were reduced to their recoverable amounts, and impairment losses were recognized. The impairment loss recognized during the nine-month period ended 31 December was ¥424 million.」
In FY2022-Q3, the Company recognized impairment losses of ¥424 million on 8 idle sites. This was up from ¥73 million in the same period of the previous year, indicating that impairment of property, plant and equipment continued and expanded. - FY2022-Q2MaterialisedAnnual report
「During the interim consolidated accounting period under review, the Company recognized total impairment losses of ¥226 million, comprising ¥218 million on land at 6 idle sites, ¥5 million on buildings at 3 sites, and ¥2 million on buildings at 1 idle site outside Toyama Prefecture.」
The Company recognized impairment losses of ¥226 million on idle assets and other assets, indicating that impairment of property, plant and equipment also occurred during the interim consolidated accounting period under review. - FY2021MitigatedAnnual report
「The impairment loss recognized during the fiscal year under review was ¥73 million.」
Impairment losses on property, plant and equipment were ¥73 million, down from ¥589 million in the previous fiscal year. Impairment losses mainly arose from idle assets. - FY2021-Q3Impairment losses on property, plant and equipment continued, but decreasedAnnual report
「In the banking segment, the carrying amounts of land and buildings at 3 operating branches were reduced to their recoverable amounts, and impairment losses were recognized. The impairment loss recognized during the nine-month period ended 31 December was ¥73 million.」
The Company recognized impairment losses of ¥73 million on 3 operating branches. Impairment of property, plant and equipment continued, but decreased from ¥168 million in the same period of the previous year. - FY2020-Q3MaterialisedAnnual report
「In the banking segment, the carrying amounts of land, buildings and movable property at 2 operating branches were reduced to their recoverable amounts, and impairment losses were recognized. The impairment loss recognized during the nine-month period ended 31 December was ¥168 million.」
The Company recognized impairment losses of ¥168 million on 2 operating branches, indicating that impairment of property, plant and equipment also occurred during the cumulative period under review. - FY2019MaterialisedAnnual report
「Fiscal year under review (1 April 2018 to 31 March 2019) Region Primary use Type Impairment loss (¥ million) Within Toyama Prefecture Operating branches 1 branch Land 110 1 branch Buildings 95 Idle assets 1 site Buildings 0 Outside Toyama Prefecture Operating branches 3 branches Land 48 6 branches Buildings 110 Idle assets — — Total 365」
The Company recognized impairment losses of ¥365 million on operating branches and other assets, primarily due to lower operating cash flow and declining land prices. This was up from ¥22 million in the previous fiscal year. - FY2018First statedAnnual report
「If the Group is required to recognize impairment losses on its property, plant and equipment due to a substantial decline in market prices, changes in the scope or manner of use, or a decline in profitability, this may adversely affect the Group's operating results and financial position.」
Describes the possibility of impairment of property, plant and equipment due to declines in market prices, changes in the manner of use, declines in profitability and other factors.