Impairment Losses on Store Assets Due to Declining Profitability
First written in FY2016-Q3. 11 of 27 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-09-10.
Top Culture moved to the "Worse" side of this theme in 2026, 9 years after the typical company in this theme (2017).
The whole theme swung hardest in 2025: 32 of 75 companies on the "Worse" side.
19 other companies' latest entry also says "Materialised".
- 2026-09-10MaterialisedOccurring Fact
「Based on the Accounting Standard for Impairment of Fixed Assets, we reviewed future sales plans and examined recoverability. As a result, we recognized an impairment loss of ¥56 million on fixed assets in the TSUTAYA BOOKS business as an extraordinary loss.」
An impairment loss was actually recognized on fixed assets in the TSUTAYA BOOKS business following a review of profitability and recoverability. - FY2025WorsenedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥96.347 million as an impairment loss under extraordinary losses.」
The impairment loss on store assets increased from ¥94.430 million in the previous fiscal year to ¥96.347 million. The affected sites comprised 18 stores in Niigata, Nagano, Kanagawa, Tokyo, Saitama, Gunma and Miyagi. - FY2024MitigatedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥94.430 million as an impairment loss under extraordinary losses.」
Although an impairment loss was recognized, it decreased from ¥430.797 million in the previous fiscal year to ¥94.430 million. - FY2024-Q2MitigatedAnnual report
「Cumulative second quarter of the fiscal year (1 November 2023 to 30 April 2024): Not applicable.」
Although an impairment loss of ¥5.860 million was recognized in the cumulative second quarter of the previous fiscal year, no impairment loss was recognized during the cumulative second quarter of the fiscal year. - FY2023WorsenedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥430.797 million as an impairment loss under extraordinary losses.」
The impairment loss due to lower profitability increased from ¥89.086 million in the previous fiscal year to ¥430.797 million. The affected stores were in Niigata, Nagano, Tokyo, Kanagawa, Saitama, Gunma and Miyagi. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥5.860 million as an impairment loss under extraordinary losses.」
An impairment loss of ¥5.860 million was recognized for 1 store in Konan Ward, Niigata City, indicating that impairment due to lower profitability continued. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥5.860 million as an impairment loss under extraordinary losses.」
Impairment losses due to lower profitability continued to be recognized, but decreased from ¥12.687 million in the same quarter of the previous fiscal year to ¥5.860 million. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥24.946 million as an impairment loss under extraordinary losses.」
An impairment loss of ¥24.946 million due to lower profitability was recognized, up from ¥14.481 million in the previous cumulative quarter. The affected stores were in Chuo, Nishi, Minami and Konan Wards of Niigata City, and Honjo, Saitama Prefecture. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥14.481 million as an impairment loss under extraordinary losses.」
An impairment loss of ¥14.481 million was recognized for 3 stores in Nishi Ward and Minami Ward, Niigata City, and Honjo, Saitama Prefecture. This was up from ¥12.687 million in the immediately preceding first quarter, indicating that impairment due to lower profitability continued. - FY2022-Q1MaterialisedAnnual report
「During the cumulative first quarter of the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥12.687 million as an impairment loss under extraordinary losses.」
An impairment loss of ¥12.687 million was recognized for 1 store in Minami Ward, Niigata City, whereas none had been recognized in the first quarter of the previous fiscal year. - FY2021MitigatedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥38.943 million as an impairment loss under extraordinary losses.」
Impairment losses continued to be recognized, but decreased from ¥79.551 million in the previous fiscal year to ¥38.943 million. The affected stores were in Niigata, Nagano, Saitama, Gunma, Miyagi and Shizuoka. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Company recognized an impairment loss of ¥24.189 million under extraordinary losses. This was mainly because additional investment was expected to cause the carrying amount to exceed future cash flows, resulting in the carrying amount being reduced to the recoverable amount.」
The impairment loss increased from ¥4.178 million in the same quarter of the previous fiscal year to ¥24.189 million and was recognized for multiple stores. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Company recognized an impairment loss of ¥19.789 million under extraordinary losses. This was mainly because additional investment was expected to cause the carrying amount to exceed future cash flows, resulting in the carrying amount being reduced to the recoverable amount.」
The impairment loss increased from ¥4.178 million in the same quarter of the previous fiscal year to ¥19.789 million, and the affected sites expanded to multiple stores. - FY2021-Q1MitigatedAnnual report
「2. Information on impairment losses on fixed assets, goodwill and other items by reportable segment There are no applicable items.」
Although an impairment loss of ¥1.624 million was recognized in the same quarter of the previous fiscal year, no impairment loss on fixed assets was recognized in the first quarter of the fiscal year. - FY2020MitigatedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥79.551 million as an impairment loss under extraordinary losses.」
Impairment losses continued to be recognized, but decreased from ¥163.281 million in the previous fiscal year to ¥79.551 million. Estimates for fixed assets were also made taking into account the impact of COVID-19. - FY2020-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year, the Company recognized an impairment loss of ¥4.178 million under extraordinary losses. This was mainly because additional investment was expected to cause the carrying amount to exceed future cash flows, resulting in the carrying amount being reduced to the recoverable amount.」
Although an impairment loss was recognized, it decreased significantly from ¥129.778 million in the same quarter of the previous fiscal year to ¥4.178 million, and was limited to a store in Nishi Ward, Niigata City. - FY2020-Q1MitigatedAnnual report
「Impairment loss 1,624」
The impairment loss in the first quarter of the fiscal year was ¥1.624 million, down from ¥13.527 million in the same quarter of the previous fiscal year. Although an impairment loss was recognized, it was lower than in the immediately preceding comparable quarter. - FY2019MitigatedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥163.281 million as an impairment loss under extraordinary losses.」
Impairment losses on store assets continued to be recognized, but decreased from ¥365.363 million in the previous fiscal year to ¥163.281 million. The affected stores were in Niigata, Iwate, Shizuoka, Kanagawa, Tokyo, Saitama and Gunma. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Company recognized an impairment loss of ¥145.281 million under extraordinary losses. This was mainly because an asset retirement obligation was recognized after new information was obtained regarding restoration costs required upon vacating premises, and because additional investment was expected to cause the carrying amount to exceed future cash flows, resulting in the carrying amount being reduced to the recoverable amount.」
The impairment loss increased from ¥129.778 million in the previous cumulative quarter to ¥145.281 million. New information concerning restoration costs and additional investment were cited as the main factors. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Company recognized an impairment loss of ¥129.778 million under extraordinary losses. This was mainly because an asset retirement obligation was recognized after new information was obtained regarding restoration costs required upon vacating premises, and because additional investment was expected to cause the carrying amount to exceed future cash flows, resulting in the carrying amount being reduced to the recoverable amount.」
The impairment loss increased from ¥13.527 million in the previous quarter to ¥129.778 million for store assets and other assets. Additional investment and information concerning restoration costs were cited as factors. - FY2019-Q1MaterialisedAnnual report
「Extraordinary losses Impairment loss — 13,527」
An impairment loss of ¥13.527 million was recognized in the first quarter of the fiscal year, whereas none had been recognized in the same quarter of the previous fiscal year, indicating that impairment related to lower profitability of store assets and other assets had recurred. - FY2018MaterialisedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥365.363 million as an impairment loss under extraordinary losses.」
Impairment losses totaling ¥365.363 million were recognized for 2 stores in Niigata Prefecture, 2 in Nagano Prefecture, 1 in Miyagi Prefecture, 1 in Kanagawa Prefecture, 3 in Tokyo and 3 in Saitama Prefecture. - FY2018-Q3MaterialisedAnnual report
「During the cumulative third quarter of the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥39.918 million as an impairment loss under extraordinary losses.」
Although no impairment loss was recognized in the first quarter, an impairment loss of ¥39.918 million was recognized in the third quarter for store assets in Ueda, Nagano Prefecture, Izumi Ward, Sendai, Fuchu, Tokyo, and Hachioji, Tokyo. - FY2018-Q1MitigatedAnnual report
「2. Information on impairment losses on fixed assets, goodwill and other items by reportable segment There are no applicable items.」
The Company stated that no impairment loss on fixed assets was recognized in the first quarter of the fiscal year. - FY2017MaterialisedAnnual report
「During the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥2,548.490 million as an impairment loss under extraordinary losses.」
Although no impairment loss was recognized in the previous third quarter, an impairment loss of ¥2,548.490 million was recognized during the fiscal year for 7 stores in Niigata Prefecture, 3 in Saitama Prefecture, 2 in Kanagawa Prefecture, 1 in Chiba Prefecture, 3 in Tokyo and 1 in Gunma Prefecture. - FY2017-Q3MitigatedAnnual report
「Cumulative third quarter of the fiscal year (1 November 2016 to 31 July 2017): Not applicable.」
Although an impairment loss of ¥59.228 million due to lower profitability was recognized in the previous period, no impairment loss was recognized during the cumulative third quarter of the fiscal year. - FY2016-Q3First statedAnnual report
「During the cumulative third quarter of the fiscal year, the Company reduced the carrying amounts of fixed assets with significantly reduced profitability to their recoverable amounts and recognized the resulting reduction of ¥59.228 million as an impairment loss under extraordinary losses.」
A significant decline in profitability occurred in store assets in Konan Ward, Niigata City, and an impairment loss of ¥59.228 million was recognized.