Impairment of property, plant and equipment and leased assets
First written in FY2017. 21 of 30 entries say "Restated". Latest entry: FY2026.
KUWAZAWA Holdings moved to the "Worse" side of this theme in 2021, 4 years after the typical company in this theme (2017).
The whole theme swung hardest in 2017: 21 of 26 companies on the "Worse" side.
9 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Because the profitability of operating stores and other facilities had continued to decline, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as an impairment loss of ¥2 million under extraordinary losses.」
Due to continued declines in the profitability of operating stores and other facilities, the Company recorded a ¥2 million impairment loss on leased assets during the fiscal year. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2025MaterialisedAnnual report
「Following a review of the recoverability of the software asset (software under development) after a change to the development plan for the core system being developed by consolidated subsidiary Kuwazawa Co., Ltd., the Company recorded an impairment loss of ¥533 million under extraordinary losses.」
In relation to the impairment risk associated with property, plant and equipment and leased assets, the risk materialized in the form of an impairment loss of ¥533 million on software under development following a change to the development plan for the new core system, together with ¥3 million on operating stores and other facilities, for a total impairment loss of ¥537 million. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2024MaterialisedAnnual report
「Because the profitability of operating stores and other facilities had continued to decline, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as an impairment loss of ¥3 million under extraordinary losses.」
Due to continued declines in the profitability of operating stores and other facilities, the Company recorded an impairment loss of ¥3 million during the fiscal year. - 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 Company states that there have been no material changes in the major risks, including the impairment risk associated with property, plant and equipment and leased 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 Company states that there have been no material changes in the major risks, including the impairment risk associated with property, plant and equipment and leased assets. - FY2023MaterialisedAnnual report
「Because the profitability of operating stores and other facilities had continued to decline, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as an impairment loss of ¥22 million under extraordinary losses.」
Due to declining profitability at operating stores and other facilities and a decline in the fair value of idle assets, the Company recorded total impairment losses of ¥23 million during the fiscal year. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business and accounting conditions described in the quarterly report.」
The Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2023-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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2023-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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2022MaterialisedAnnual report
「Because the profitability of operating stores had continued to decline, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as an impairment loss of ¥20 million under extraordinary losses.」
The impairment risk associated with property, plant and equipment and leased assets continued to materialize, resulting in impairment losses of ¥20 million on operating stores and other facilities and ¥4 million on idle assets, for a total of ¥25 million. - FY2022-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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased 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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2021MaterialisedAnnual report
「Because the profitability of operating stores had continued to decline, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as an impairment loss of ¥15 million under extraordinary losses.」
In relation to the impairment risk associated with property, plant and equipment and leased assets, the Company recorded a ¥15 million impairment loss due to declining profitability at operating stores and other facilities. - FY2021-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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased 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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2020MaterialisedAnnual report
「Because the profitability of operating stores had continued to decline, their carrying amounts were reduced to recoverable amounts, and the reduction was recorded as an impairment loss of ¥2 million under extraordinary losses. For idle assets scheduled for sale, their carrying amounts were reduced to recoverable amounts, and the reduction was recorded as an impairment loss of ¥18 million under extraordinary losses.」
The impairment risk associated with property, plant and equipment and leased assets materialized due to continued declines in profitability and the planned sale of idle assets, resulting in total impairment losses of ¥20 million. - 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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased 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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2019MaterialisedAnnual report
「Because the profitability of operating stores had continued to decline, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as an impairment loss of ¥16 million under extraordinary losses.」
In relation to the impairment risk associated with property, plant and equipment and leased assets, the Company recorded a ¥16 million impairment loss on the land of an operating store in Asahikawa, Hokkaido. - 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 Company states that there have been no material changes in the business and other risks identified in the previous fiscal year, including the impairment risk associated with property, plant and equipment and leased assets. - FY2019-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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2018RestatedAnnual report
「However, if the value of the property, plant and equipment and leased assets held by the Group declines significantly, additional impairment charges may be required, potentially affecting the Group’s operating results and financial position.」
The Company is reiterating the risk of additional impairment charges due to declines in the value of property, plant and equipment and leased assets. - FY2018-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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2018-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 Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the impairment risk associated with property, plant and equipment and leased assets. - FY2017First statedAnnual report
「However, if the value of the property, plant and equipment and leased assets held by the Group declines significantly, additional impairment charges may be required, potentially affecting the Group’s operating results and financial position.」
The Company identifies the possibility of additional impairment charges due to declines in the value of property, plant and equipment and leased assets as a new risk.