Impairment of fixed assets and losses from temporary closures due to COVID-19
First written in FY2021-Q3. 8 of 14 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2027-H1.
Naigai moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「As income or loss from operating activities remained negative and signs of impairment were identified in the relevant asset group, the recoverable amount, based on value in use, was calculated and the valuation amount was negative. Accordingly, the carrying amount was reduced to zero, and an impairment loss of ¥20 million was recognized under extraordinary losses.」
An impairment loss of ¥20 million was recognized on retail operating assets. This was up from ¥12 million in the same period of the previous year and ¥15 million for the previous full fiscal year, indicating a renewed increase in impairment of property, plant and equipment associated with operating losses. - 2026-09-11WorsenedEarnings
「特別損失として、減損損失20百万円を計上しております。」
減損損失が前年同期の12百万円から20百万円へ増加した。 - FY2026MitigatedAnnual report
「The carrying amount was reduced to zero, and an impairment loss of ¥15 million was recognized under extraordinary losses.」
Although the impairment loss on property, plant and equipment decreased from ¥45 million in the previous fiscal year to ¥15 million, impairment continued to occur on wholesale and retail operating assets. - 2026-04-16MaterialisedGeneral Meetings of Shareholders
「Accordingly, the carrying amount was reduced to zero, and an impairment loss of ¥15 million was recorded as an extraordinary loss.」
For the fiscal year from 1 February 2025 through 31 January 2026, total impairment losses of ¥15 million were recorded on assets used in the wholesale and retail businesses. - FY2026-H1MaterialisedAnnual report
「The impairment loss arose because income or loss from operating activities remained negative and signs of impairment were identified in the wholesale operating assets. Accordingly, the carrying amount of the wholesale operating assets was reduced to the recoverable amount, and the resulting decrease was recognized as an impairment loss of ¥12 million under extraordinary losses.」
An impairment loss of ¥12 million was recognized on wholesale operating assets because operating income or loss remained negative. - FY2024MaterialisedAnnual report
「Consolidated fiscal year under review (1 February 2023 to 31 January 2024) Tokyo and other locations Wholesale operating assets Buildings and structures ¥8 million Other tangible fixed assets 7 Intangible fixed assets 22 Other investments and other assets 6 Retail operating assets Other tangible fixed assets 0 Tokyo Shared assets Other tangible fixed assets 0 Intangible fixed assets 26 Total 72」
Following the ¥167 million impairment loss in the previous fiscal year, an impairment loss of ¥72 million was recognized in the current fiscal year on wholesale operating assets, store assets and shared assets. Although the amount was down from the previous fiscal year, impairment of property, plant and equipment did occur. - FY2024-Q2MitigatedAnnual report
「Not applicable.」
Compared with the impairment loss of ¥13 million and store closure loss of ¥9 million recognized in the same period of the previous fiscal year, no impairment loss or store closure loss was recognized in the current second quarter cumulative consolidated period. - FY2023WorsenedAnnual report
「As the deterioration in the Company's performance indicated signs of impairment in its property, plant and equipment, an impairment test was conducted. As a result, an additional impairment loss of ¥157 million was recognized at the end of the fiscal year. In addition, costs related to voluntary retirement of ¥160 million were incurred as a result of soliciting voluntary retirees as part of the management rationalization measures announced on 13 September 2022.」
Impairment losses on property, plant and equipment increased from ¥13 million in the previous fiscal year to ¥167 million in the current fiscal year, resulting in higher accounting losses associated with deteriorating performance. - FY2023-Q3MaterialisedAnnual report
「Because the closure of the store was expected to result in negative income or loss from operating activities, the carrying amount was reduced to the recoverable amount, and the resulting ¥10 million decrease (¥10 million in buildings and structures and ¥0 million in other tangible fixed assets) was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥10 million related to the store closure was recognized, resulting in another accounting loss related to a store closure in the third quarter. - FY2023-Q2MaterialisedAnnual report
「Because the closure of the store was expected to result in negative income or loss from operating activities, the carrying amount was reduced to the recoverable amount, and the resulting ¥13 million decrease (¥13 million in buildings and structures and ¥0 million in other tangible fixed assets) was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥13 million was recognized on operating assets in connection with the store closure. Following the impairment caused by the impact of infectious diseases in the previous fiscal year, an accounting loss related to the store closure was incurred. - FY2022MaterialisedAnnual report
「For business-use assets, the carrying amounts of assets, including those at stores where operating profit and loss had remained negative due to the spread of COVID-19 and other factors, were reduced to their recoverable amounts. The resulting decrease of ¥6 million, comprising ¥5 million for buildings and structures and ¥0 million for other tangible fixed assets, was recorded as an impairment loss under extraordinary losses. For idle assets, because their future use has not been determined, the carrying amounts were reduced to their recoverable amounts, and the resulting decrease of ¥6 million was recorded as an impairment loss under extraordinary losses.」
Although there was no significant impairment loss in the previous quarter, full-year impairment losses of ¥6 million on operating assets and ¥6 million on idle assets, totaling ¥13 million, were recognized due to the impact of infectious diseases and other factors. This was down from ¥91 million in the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「There were no material impairment losses.」
While an impairment loss of ¥91 million was recorded in the previous consolidated fiscal year due to the impact of COVID-19, no material impairment loss occurred in the cumulative period through the current quarter. - FY2021MaterialisedAnnual report
「As operating profit and loss became negative due to the impact of the spread of COVID-19, the carrying amounts were reduced to their recoverable amounts. The resulting decrease of ¥91 million was recorded as an impairment loss under extraordinary losses.」
In response to the deterioration in operating profit and loss caused by COVID-19, an impairment loss of ¥91 million on fixed assets was recorded for the full year. - FY2021-Q3MaterialisedAnnual report
「As operating profit and loss was expected to be negative due to the spread of COVID-19, the carrying amounts were reduced to their recoverable amounts. The resulting decrease of ¥91 million, comprising ¥24 million for buildings and structures, ¥10 million for other tangible fixed assets, ¥50 million for intangible fixed assets and ¥5 million for other investments and other assets, was recorded as an impairment loss under extraordinary losses.」
Due to the impact of COVID-19, an impairment loss of ¥91 million on fixed assets was recorded. In addition, personnel expenses of ¥57 million incurred during the temporary closure period were recorded as losses from temporary closures under extraordinary losses, giving concrete form to the accounting losses caused by the pandemic.