Impairment of Fixed Assets
First written in FY2021. 7 of 9 entries say "Materialised", first in FY2022. Latest entry: FY2026.
Iceco moved to the "Worse" side of this theme in 2024, 7 years after the typical company in this theme (2017).
The whole theme swung hardest in 2017: 10 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「For スーパー生鮮館TAIGA藤が丘店, where profitability has remained weak, we recognized an impairment loss of ¥217 million during the fiscal year.」
An impairment loss of ¥217 million was recognized due to declining profitability at the Fujigaoka store, resulting in a new realized instance of impairment risk for fixed assets. - FY2024MaterialisedAnnual report
「Extraordinary loss was ¥50 million, compared with ¥3 million in the previous fiscal year. This was mainly because, following the decision to establish a new Yokohama office for the frozen-food business, the carrying amounts of the buildings, land and other assets at the Yokosuka office, which is to be closed, were reduced to their recoverable amounts and recognized as impairment losses.」
Impairment losses were actually recognized following the closure of the Yokosuka office in connection with plans to establish a new Yokohama office. - FY2023MitigatedAnnual report
「Extraordinary loss was ¥3 million, down 96.4% year on year. This was mainly due to decreases in impairment losses and provisions for losses on store closures recognized in the previous fiscal year.」
Impairment losses and other items incurred in the previous fiscal year declined substantially, resulting in an extraordinary loss of ¥3 million for the fiscal year. - FY2022MaterialisedAnnual report
「Net income was ¥255 million, down 51.3% year on year, due to the recognition of provisions for losses on store closures in the supermarket business and impairment losses associated with declining profitability.」
Impairment losses associated with declining profitability were actually recognized, as was an additional provision for losses on store closures following the decision to close 1 store. - FY2021First statedAnnual report
「However, if impairment becomes necessary for the company's assets due to a decline in their underlying value or profitability, this may affect its operating results and financial condition.」
The company cites earnings management at offices and stores, more efficient operations and sales promotion as measures.