Impairment of Property, Plant and Equipment and Acquired Assets
First written in FY2018. 13 of 20 entries say "Restated". Latest entry: FY2026.
Mitani moved to the "Worse" side of this theme in 2024.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Consolidated fiscal year (from 1 April 2025 to 31 March 2026): Not applicable.」
While impairment losses of ¥1,020 million were recorded in the previous fiscal year, no impairment losses were incurred in the current fiscal year. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year, operating results generated by a consolidated subsidiary remained negative, and the originally projected earnings could no longer be expected in the future. Accordingly, the carrying amount of the operating assets of the business was reduced to recoverable amounts, and the decrease of ¥1,020 million was recorded as an impairment loss under extraordinary losses.」
The company recorded ¥1,020 million in impairment losses on operating assets of the corporate supply-related business in Aomori Prefecture, including ¥144 million in buildings and structures and ¥875 million in machinery, equipment and vehicles. - FY2024MaterialisedAnnual report
「During the consolidated fiscal year, operating results generated by a consolidated subsidiary were negative, and an early recovery could no longer be expected in the future. Accordingly, the carrying amounts were reduced to recoverable amounts, and the decrease of ¥507 million was recorded as an impairment loss under extraordinary losses.」
Profitability deteriorated at the Singapore operations and other locations of the corporate supply-related business, resulting in the recognition of ¥507 million in impairment losses, including ¥226 million in goodwill. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2023MitigatedAnnual report
「Impairment losses 311 44」
Impairment losses in the lifestyle and regional services-related business and other businesses declined from ¥311 million in the previous fiscal year to ¥44 million in the current fiscal year. The impairment risk remains, but the realized loss declined in the current fiscal year. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, operating results generated by some operating assets of the company and its consolidated subsidiaries remained negative, and the originally projected earnings could no longer be expected in the future. Accordingly, the carrying amounts were reduced to recoverable amounts, and the decrease of ¥311 million was recorded as an impairment loss under extraordinary losses.」
Earnings prospects deteriorated at stores and other locations in the lifestyle and regional services-related business, resulting in the recognition of ¥311 million in impairment losses. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no major risk events that management recognizes could have a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business situation, accounting situation and other matters described in this quarterly report, and there were no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The summary states that there had been no major risk events or material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The summary states that there had been no major risk events or material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no major risk events that management recognizes could have a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business situation, accounting situation and other matters described in this quarterly report, and there were no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The summary states that there had been no major risk events or material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, there were no major risk events that management recognizes could have a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business situation, accounting situation and other matters described in this quarterly report, and there were no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The summary states that there had been no major risk events or material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The summary states that there had been no major risk events or material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2020-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2019MaterialisedAnnual report
「Impairment losses － 17 25 43」
The lifestyle and regional services-related business and other segments recorded impairment losses of ¥43 million in total for the reporting segments during the fiscal year. The risk of impairment of fixed assets and acquired assets has materialized. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The summary states that there were no material changes in the risk of impairment of operating fixed assets and acquired assets. - FY2018First statedAnnual report
「The Group holds operating fixed assets, such as ready-mixed concrete plants and gasoline stations. If declining profitability in these businesses makes it impossible to recover investments in the fixed assets, the Group may recognize impairment losses. It may also recognize impairment losses if the value of shares, goodwill and other assets acquired through M&A transactions declines and the investment cannot be recovered.」
The risk of impairment losses on operating fixed assets, acquired shares and goodwill was newly disclosed as a separate item due to declining profitability or falling asset values. No impairment losses were reported for the current fiscal year.