Impairment of Fixed Assets and Goodwill Due to Declining Business Earnings
First written in FY2019. 5 of 9 entries say "Materialised", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, the Group recorded impairment losses on the following assets: business-use software in Nagoya, Aichi Prefecture: ¥1,206 million; idle assets in Kakamigahara, Gifu Prefecture: ¥180 million; goodwill in Paris, France: ¥516 million.」
Impairment losses totaled ¥1,903 million, an increase from ¥1,296 million in the previous fiscal year, including ¥516 million of goodwill related to the specialty contact lens business in France and ¥1,206 million of software. - FY2025WorsenedAnnual report
「During the consolidated fiscal year, the Group recorded an impairment loss on the following asset group: location: Gujo, Gifu Prefecture; use: idle assets; type: construction in progress; impairment loss (¥ million): 1,296.」
Following the ¥148 million impairment loss on assets in China and domestic stores and other assets in the previous fiscal year, the company recorded a ¥1,296 million impairment loss on idle assets in Gujo during the fiscal year, increasing the scale of the impairment risk that materialized. - FY2024MaterialisedAnnual report
「Zhejiang Province, China: operating assets; machinery and equipment, vehicles, tools, fixtures and equipment, etc.: ¥28 million; goodwill: ¥81 million. Liaoning Province, China: operating stores, etc.; machinery and equipment, vehicles, tools, fixtures and equipment, etc.: ¥38 million.」
The company recorded total impairment losses of ¥148 million on operating assets and goodwill in Zhejiang Province, China, and operating stores and other assets in Liaoning Province. This was an increase from ¥2 million in the previous fiscal year, reportedly due in part to the performance of 温州欣視界科技有限公司 falling substantially below plan. - FY2023MaterialisedAnnual report
「Impairment loss: ¥2 million」
The impairment risk related to property, plant and equipment and goodwill materialized again during the fiscal year as a ¥2 million impairment loss. This was down from ¥15 million in the previous fiscal year. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, the Group recorded impairment losses on the following asset group: Kanto region, operating stores; buildings and structures, tools, fixtures and equipment: ¥15 million.」
The impairment risk materialized again during the fiscal year as a ¥15 million impairment loss at operating stores in the Kanto region. This was down from ¥340 million in the previous fiscal year. - FY2021MaterialisedAnnual report
「The company recorded ¥537 million in extraordinary losses, including impairment losses on right-of-use assets related to contact lens manufacturing facilities and offices of Menicon Limited (UK), whose revenue declined due to the COVID-19 pandemic, and property, plant and equipment related to sales stores operated by 株式会社ダブリュ・アイ・システム.」
Against the backdrop of deteriorating performance due to COVID-19 and other factors, the company recorded total impairment losses of ¥340 million at stores in the UK, Singapore, the US and Japan, meaning that the impairment risk materialized. - FY2019First statedAnnual report
「If the recoverable amount of the Group's property, plant and equipment and goodwill arising from acquisitions declines substantially below their carrying amounts due to a significant decline in business profitability or other factors, the Group will be required to recognize an impairment loss.」
The company newly organized and disclosed the risk of recognizing impairment losses due to declines in the recoverable amounts of property, plant and equipment and goodwill arising from acquisitions.