Risk of Impairment of Fixed Assets
First written in FY2022. 5 of 7 entries say "Materialised", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2020: 70 of 120 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「Following the discontinuation of the Disaster Prevention Business Division, the carrying amount of tools, equipment, fixtures and other assets related to the evacuation guidance sign "NAVI Alert" was reduced to the recoverable amount because recovery of the investment was no longer expected, and the reduction was recognized as an impairment loss under extraordinary losses. Impairment loss: ¥40.070 million」
Recovery of the investment in the NAVI Alert business was no longer expected, resulting in recognition of an impairment loss of ¥40.07 million. The impairment risk for property, plant and equipment has materialized again. - FY2025MitigatedAnnual report
「No impairment loss was recognized during the fiscal year because no indications of impairment were identified.」
After recognizing an impairment loss of ¥152 million in the previous fiscal year, no indications of impairment were identified and no impairment loss was recognized during the fiscal year. The risk itself continues as a possibility arising from future changes in the business environment. - FY2024MaterialisedAnnual report
「As a result of recognizing an impairment loss of ¥152.526 million as an extraordinary loss, net income for the period was ¥401 million, up 388.2% year on year.」
The impairment risk for property, plant and equipment materialized again in the fiscal year ended March 2024, and an impairment loss of ¥152 million was recognized. - FY2023MaterialisedAnnual report
「As a result of recognizing an impairment loss of ¥439 million as an extraordinary loss, net income for the period was ¥82 million, down 79.0% year on year.」
The impairment risk for property, plant and equipment materialized, and an impairment loss of ¥439 million was recognized for the fiscal year ended March 2023. - FY2022First statedAnnual report
「However, if it is determined that an asset group showing indications of impairment cannot generate sufficient future cash flows, an impairment loss may be recognized, which could adversely affect our operating results and financial position.」
For the first time, it explicitly identifies the possibility of recognizing an impairment loss due to insufficient future cash flows from an asset group as a business and other risk.