Risk of impairment due to falling land prices and declining profitability
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2026.
Zett moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「Declining land prices may give rise to indications of impairment. In addition, if declining profitability due to changes in the business environment or the obsolescence of equipment results in a decline in the value in use or the net realizable value of fixed assets, an impairment loss must be recognized」
Continues to disclose the risk of impairment due to falling land prices, declining profitability and equipment obsolescence. - FY2022WorsenedAnnual report
「Total impairment losses recognized as extraordinary losses amounted to ¥146 million, comprising ¥125 million for buildings and structures and ¥20 million for other assets.」
Impairment losses of ¥146 million were incurred over the full fiscal year, indicating that risks related to falling land prices, declining profitability and other factors had materialized as actual losses. - FY2020WorsenedAnnual report
「Details of impairment losses are as follows. … Rental assets 30,917 … Stores 30,105 … Total 60,078 943 61,022」
Total impairment losses of ¥61.022 million were recognized on rental assets and stores, indicating that the impairment risk expanded over the full fiscal year. - FY2020-Q3MaterialisedAnnual report
「Extraordinary losses Impairment loss - 15,500」
An impairment loss of ¥15.5 million was recognized in the quarterly consolidated statement of income, indicating that the risk of impairment due to falling land prices, declining profitability and other factors had materialized as an actual loss. - FY2018RestatedAnnual report
「The land held by the Group may show indications of impairment due to declining land prices. In addition, if declining profitability due to changes in the business environment or the obsolescence of equipment results in a decline in the value in use or the net realizable value of fixed assets, an impairment loss must be recognized, which could adversely affect financial position and operating results.」
Reiterates the risk of impairment due to falling land prices, declining profitability and equipment obsolescence. - FY2017RestatedAnnual report
「Land prices continue to decline in some regions, which may give rise to indications of impairment. In addition, if declining profitability due to changes in the business environment or the obsolescence of equipment results in a decline in the value in use or the net realizable value of fixed assets, an impairment loss must be recognized, which could adversely affect financial position and operating results.」
Reiterates the risk of impairment due to falling land prices, declining profitability and equipment obsolescence. - FY2016First statedAnnual report
「Land prices continue to decline in some regions, which may give rise to indications of impairment. In addition, if declining profitability due to changes in the business environment or the obsolescence of equipment results in a decline in the value in use or the net realizable value of fixed assets, an impairment loss must be recognized.」
Identifies changes in land prices, equipment and business profitability as impairment factors.