Impairment Losses Due to Intensifying Competition
First written in FY2017-Q2. 10 of 17 entries say "Worsened", first in FY2017. Latest entry: FY2026.
H2o Retailing moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 11 of 30 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「We recorded special losses of ¥15,942 million, including an impairment loss of ¥10,641 million and a loss on disposal of fixed assets of ¥3,428 million.」
Impairment losses due to declining profitability at stores and other assets increased from ¥4,010 million in the previous fiscal year to ¥10,641 million, expanding the scale of losses related to the competitive and earnings environment. - FY2025MitigatedAnnual report
「Impairment losses 4,010」
Impairment losses due to declining profitability at stores and other assets totaled ¥4,010 million, down from ¥4,167 million in the previous fiscal year. However, impairment losses continued to be recognized. - FY2023WorsenedAnnual report
「As a result, the group recognized total impairment losses of ¥4,167 million.」
Impairment losses due to declining profitability at stores and other assets increased from ¥2,730 million in the previous fiscal year to ¥4,167 million. - FY2022MitigatedAnnual report
「As a result, the group recognized total impairment losses of ¥2,730 million.」
Impairment losses arising in connection with the competitive environment and declining profitability fell from ¥16,374 million in the previous fiscal year to ¥2,730 million. - FY2020-Q3WorsenedAnnual report
「The food business reported lower revenue and profit than in the year-earlier period.」
The food business reported lower revenue and profit year on year, and segment profit for the nine-month period ended the third quarter of the current fiscal year was a loss of ¥1,100 million. - FY2020-Q2WorsenedAnnual report
「At イズミヤ株式会社, rebuilt stores and new stores contributed to higher sales. However, sales at GMS stores undergoing reorganization were affected by a reduction in non-food floor space and unstable weather during the second-quarter consolidated accounting period. Sales were 98.5% of the year-earlier period, and operating profit declined by ¥600 million from the year-earlier period.」
In the food business, Izumiya reported lower revenue and profit due to reduced sales floor space following store reorganization and the impact of unstable weather, while the operating loss for the food business as a whole widened to ¥1,701 million. - FY2019WorsenedAnnual report
「Impairment losses were recognized for certain stores, facilities and other assets of 株式会社阪急オアシス, カナート株式会社 and other entities, where the earnings environment was challenging due to intensifying competition.」
The challenging earnings environment caused by intensifying competition continued, and the group recognized total impairment losses of ¥6,990 million during the fiscal year. Segment profit in the food business was also a loss of ¥438 million. - FY2019-Q3WorsenedAnnual report
「In addition to the continuing challenging operating environment, including unstable agricultural market prices due to adverse weather and intensifying price competition, the food business as a whole was affected by the reduction in the number of operating stores following the closure of unprofitable Hankyu Oasis stores. As a result, both revenue and operating profit fell below the previous year.」
The challenging operating environment and the impact of closing unprofitable stores continued, and both revenue and operating profit in the food business fell below the previous year. The disclosure also notes a reduction in directly operated non-food floor space and weak seasonal merchandise at existing stores. - FY2019-Q2RestatedAnnual report
「However, the food business as a whole reported lower revenue than the previous year, due to the reduction in the number of operating stores following Izumiya's store reorganization and the closure of unprofitable stores by Hankyu Oasis, as well as the continuing challenging operating environment, including unstable agricultural market prices and intensifying price competition.」
The food business continued to face a challenging operating environment, including unstable agricultural market prices and intensifying price competition. - FY2019-Q1RestatedAnnual report
「However, the food business as a whole reported lower revenue and operating profit than the previous year, due to the reduction in the number of operating stores following Izumiya's store reorganization and the closure of unprofitable stores by Hankyu Oasis, as well as the continuing challenging operating environment, including unstable agricultural market prices and intensifying price competition.」
It states that the food business continued to face a challenging operating environment due to the closure of unprofitable stores, unstable agricultural market prices and intensifying price competition. - FY2018-Q3RestatedAnnual report
「However, the food and daily necessities businesses continued to face a challenging operating environment, including intensifying price competition due to the growing preference for frugality and the impact of unstable agricultural and seafood market prices.」
It states that food and daily necessities continued to face price competition driven by the preference for frugality and unstable agricultural and seafood market prices. - FY2018-Q2WorsenedAnnual report
「Food and daily necessities continued to face challenging conditions, as price competition intensified with the growing consumer preference for frugality and agricultural and seafood market prices remained unstable due to weather-related factors.」
The disclosure explicitly cites intensifying price competition in food and daily necessities due to the growing preference for frugality as a factor behind the food business's decline in both revenue and profit. - FY2017WorsenedAnnual report
「Impairment losses were recognized for certain stores, facilities and other assets of 株式会社阪急オアシス, 株式会社家族亭 and other entities, where the earnings environment was challenging due to intensifying competition.」
The impact of intensifying competition extended to 株式会社阪急オアシス, 株式会社家族亭 and other entities, and impairment losses for the fiscal year totaled ¥4,549 million for the group. - FY2017-Q3RestatedAnnual report
「In the Other Businesses segment, impairment losses of ¥641 million were recognized during the nine-month period ended the third quarter of the current fiscal year for 株式会社阪急キッチンエール関西 and other entities, due to intensifying competition and other factors.」
It continues to disclose the recognition of ¥641 million in impairment losses due to intensifying competition and other factors. - FY2017-Q2First statedAnnual report
「In the Other Businesses segment, impairment losses of ¥641 million were recognized during the six-month period ended the second quarter of the current fiscal year for 株式会社阪急キッチンエール関西 and other entities, due to intensifying competition and other factors.」
Impairment losses of ¥641 million were recognized at 株式会社阪急キッチンエール関西 and other entities due to intensifying competition and other factors.