Impairment Loss on Yokohama Sales Department Land Due to Deteriorating Operating Income
First written in FY2020. 2 of 2 entries say "Materialised", first in FY2020. Latest entry: FY2025.
Echo Trading moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 43 of 77 companies on the "Worse" side.
60 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Because operating results for the above assets deteriorated and a short-term recovery was not expected, total future cash flows fell below their carrying amount. The carrying amount was therefore reduced to the recoverable amount, and the reduction was recorded as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥18.478 million on the buildings, tools, furniture and fixtures of Echo Pet Business Academy, due to deteriorating operating results and the lack of prospects for a short-term recovery. - FY2020MaterialisedAnnual report
「Because operating results for the above assets deteriorated and a short-term recovery was not expected, total future cash flows fell below their carrying amount. The carrying amount was therefore reduced to the recoverable amount, and the reduction was recorded as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥4.068 million on land used by the Yokohama Sales Department of the Kanto Branch, due to deteriorating operating results and the lack of prospects for a short-term recovery.