Risk of Declines in the Value of Held Assets and Impairment
First written in FY2020. 5 of 9 entries say "Worsened", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Impairment losses ¥445 million」
The impairment loss increased from ¥383 million in the previous fiscal year to ¥445 million. In addition to store assets, impairment losses were recorded on ¥37 million of software under development and ¥62 million of goodwill. - FY2025WorsenedAnnual report
「During the consolidated fiscal year under review, the carrying amount of store assets with declining profitability was reduced to their recoverable amount, and the reduction was recorded as an impairment loss and an extraordinary loss.」
The impairment loss on store assets increased from ¥109 million in the previous fiscal year to ¥383 million. The impact of declining asset values due to lower profitability of assets held, including large stores, expanded. - FY2024WorsenedAnnual report
「Impairment loss ¥103 million ¥109 million」
The impairment loss on store assets with declining profitability increased slightly from ¥103 million in the previous fiscal year to ¥109 million. - FY2023MitigatedAnnual report
「During the consolidated fiscal year under review, the carrying amount of store assets with declining profitability was reduced to their recoverable amount, and the reduction was recorded as an impairment loss and an extraordinary loss.」
The impairment loss decreased from ¥114 million in the previous fiscal year to ¥103 million. Impairment of store assets with declining profitability continued to be recognized, but the size of the loss decreased. - FY2022MitigatedAnnual report
「During the consolidated fiscal year under review, the carrying amount of store assets with declining profitability was reduced to their recoverable amount, and the reduction was recorded as an impairment loss and an extraordinary loss.」
The impairment loss was ¥114 million, a substantial decrease from ¥4,486 million in the previous fiscal year. No impairment of goodwill related to the Australian business was recorded during the current period, and losses from declines in the value of assets held decreased in scale. - FY2021MaterialisedAnnual report
「An impairment loss of ¥3,951 million was recorded on goodwill related to the Australian business.」
Regarding the impairment risk of assets held, an impairment loss of ¥3,951 million on goodwill arising from the acquisition of the Australian subsidiary was actually recorded. A review of the outlook for the Australian new-car market growth rate and store expansion plan was cited as the reason. - FY2020First statedAnnual report
「The group holds tangible fixed assets, such as store buildings, and goodwill arising from acquisitions. If deteriorating profitability or declining market values make it necessary to recognize impairment losses on these assets, this may affect operating results and financial condition.」
The risk of impairment of tangible fixed assets and goodwill arising from acquisitions was identified as a separate item for the first time. An impairment loss of ¥1,847 million was recorded during the current period, indicating that a loss associated with the risk had materialized.