Impairment Losses Associated with Food Store Closures
First written in FY2017-Q2. 15 of 32 entries say "Worsened", first in FY2017. Latest entry: FY2026.
H2o Retailing 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: 13 of 19 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Losses on closure of stores and other facilities 1,115」
Losses on closure of stores and other facilities declined from ¥1,556 million in the previous fiscal year to ¥1,115 million. However, losses related to store closures and restructuring continued to arise. - FY2026-H1WorsenedAnnual report
「Losses on closure of stores and other facilities 141 645」
Losses on closure of stores and other facilities increased from ¥141 million in the same period of the previous year to ¥645 million in the current interim consolidated accounting period, reflecting increased losses related to the closure and restructuring of food supermarkets and other stores. - FY2025MitigatedAnnual report
「Losses on closure of stores and other facilities 1,556」
Losses on closure of stores and other facilities declined from ¥1,699 million in the previous fiscal year to ¥1,556 million, but losses related to closures and restructuring continued. - FY2025-H1WorsenedAnnual report
「Losses on closure of stores and other facilities 141」
Losses on closure of stores and other facilities amounted to ¥141 million in the current interim consolidated accounting period, up from ¥101 million in the same period of the previous year. Losses related to closures and restructuring continued to arise. - FY2024-Q3MitigatedAnnual report
「Losses on closure of stores and other facilities 161」
Losses on closure of stores and other facilities amounted to ¥161 million, down substantially from ¥1,405 million on a cumulative basis in the same period of the previous year. Losses related to store closures and restructuring remained, but were smaller in scale. - FY2024-Q2MitigatedAnnual report
「Losses on closure of stores and other facilities 101」
Losses on closure of stores and other facilities totaled ¥101 million on a cumulative basis through the second quarter, down from ¥1,400 million in the same period of the previous year. Losses related to store closures and restructuring remained, but were smaller in scale. - FY2023MitigatedAnnual report
「Extraordinary losses totaled ¥9,422 million, including ¥1,699 million in losses on closure of stores and other facilities and ¥1,600 million in losses on disposal of property, plant and equipment.」
Losses on closure of stores and other facilities declined from ¥2,530 million in the previous fiscal year to ¥1,699 million, but losses related to closures and restructuring continued. - FY2023-Q3WorsenedAnnual report
「Extraordinary losses totaled ¥3,906 million, including ¥1,405 million in losses on closure of stores and other facilities and ¥1,085 million in losses on disposal of property, plant and equipment.」
Losses on closure of stores and other facilities increased from ¥1,400 million on a cumulative basis through the second quarter to ¥1,405 million, and losses related to store closures and restructuring continued to arise. - FY2023-Q2WorsenedAnnual report
「Extraordinary losses totaled ¥3,144 million, including ¥1,400 million in losses on closure of stores and other facilities and ¥707 million in losses on disposal of property, plant and equipment.」
Losses on closure of stores and other facilities totaled ¥1,400 million on a cumulative basis through the second quarter, and losses related to store closures and restructuring continued to arise. - FY2023-Q1MitigatedAnnual report
「Losses on closure of stores and other facilities 4」
Losses on closure of stores and other facilities amounted to ¥4 million in the first quarter, down substantially from ¥2,530 million in the previous fiscal year. However, losses related to store closures themselves remained. - FY2022WorsenedAnnual report
「Losses on closure of stores and other facilities 2,530」
Losses on closure of stores and other facilities increased from ¥2,103 million in the previous fiscal year to ¥2,530 million, and losses related to closures and restructuring continued to arise. - FY2022-Q3WorsenedAnnual report
「Losses on closure of stores and other facilities 593」
Losses on closure of stores and other facilities totaled ¥593 million on a cumulative basis through the third quarter, and losses related to store closures and restructuring continued to arise. - FY2022-Q2WorsenedAnnual report
「Losses on closure of stores and other facilities 335」
Losses on closure of stores and other facilities totaled ¥335 million on a cumulative basis through the second quarter, up from ¥50 million in the previous first quarter and ¥270 million in the current first quarter. Losses related to store closures and restructuring continued to arise. - FY2022-Q1WorsenedAnnual report
「Losses on closure of stores and other facilities 270」
Losses on closure of stores and other facilities amounted to ¥270 million in the first quarter, up from ¥50 million in the same period of the previous year. Losses related to store closures and restructuring continued to arise. - FY2021WorsenedAnnual report
「Losses on closure of stores and other facilities 2,103」
Losses on closure of stores and other facilities increased from ¥747 million in the previous consolidated fiscal year to ¥2,103 million, reflecting increased losses related to the closure of Izumiya stores and other facilities. - FY2021-Q2WorsenedAnnual report
「Extraordinary losses totaled ¥2.6 billion, including an ¥800 million loss on the sale of property, plant and equipment related to the sale of Izumiya stores that had closed and a ¥700 million loss on business restructuring related to the withdrawal from unprofitable businesses.」
Losses related to store closures and restructuring, including losses on the sale of stores that had closed, continued to arise. - FY2021-Q1MitigatedAnnual report
「Losses on closure of stores and other facilities 50」
Losses on closure of stores and other facilities amounted to ¥50 million, down from ¥101 million in the same period of the previous year. However, losses related to store closures continued to arise. - FY2020-Q3WorsenedAnnual report
「A total of ¥7.3 billion was recorded, including an ¥800 million loss on the sale of property, plant and equipment related to the sale of Izumiya stores that had closed and a ¥700 million loss on business restructuring related to the withdrawal from unprofitable businesses.」
Losses related to store closures and restructuring, including losses on the sale of Izumiya stores that had closed, continued to arise. - FY2020-Q2MitigatedAnnual report
「Extraordinary losses totaled ¥2.6 billion, including an ¥800 million loss on the sale of property, plant and equipment related to the sale of Izumiya stores that had closed and a ¥700 million loss on business restructuring related to the withdrawal from unprofitable businesses.」
Although losses related to store closures continued to arise, losses on closure of stores and other facilities totaled ¥367 million and impairment losses totaled ¥11 million for the cumulative second quarter, both below the levels in the same period of the previous year. - FY2020-Q1MitigatedAnnual report
「Losses on closure of stores and other facilities 101」
Losses on closure of stores and other facilities amounted to ¥101 million in the first quarter, down from ¥281 million in the same period of the previous year. However, losses related to store closures themselves continued to arise. - FY2019WorsenedAnnual report
「Extraordinary losses of ¥14.2 billion were recorded. This included ¥7.2 billion in losses on closure of stores and other facilities related to projects being advanced under the medium- to long-term plan, including Cellsee, where integrated redevelopment with Senri Hankyu is under consideration, and the rebuilding and closure of Izumiya stores.」
Losses related to store restructuring and closures increased from ¥1,639 million in losses on closure of stores and other facilities in the previous fiscal year to ¥7,228 million. The food business also incurred losses, including ¥4,398 million in impairment losses related to store closures. - FY2019-Q3WorsenedAnnual report
「In the Food Business segment, impairment losses of ¥823 million were recorded for Izumiya and other companies during the cumulative third quarter of the current consolidated fiscal year due to store closures and other factors. Of this amount, ¥521 million in losses related to store closures is presented in the quarterly consolidated income statement as losses on closure of stores and other facilities under extraordinary losses.」
Cumulative impairment losses in the food business related to store closures and other factors reached ¥823 million, up from ¥812 million in the previous quarter. - 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 decline in the number of operating stores following store restructuring and the closure of unprofitable stores affected the food business's year-on-year decline in sales. - FY2019-Q1WorsenedAnnual report
「In addition to the decline in the number of operating stores following Izumiya's store restructuring and the closure of unprofitable Hankyu Oasis stores, the difficult business environment continued, including volatile agricultural prices and intensifying price competition. As a result, sales and operating income both fell below the previous year.」
The decline in the number of operating stores due to store restructuring and the closure of unprofitable stores affected the food business's year-on-year declines in sales and operating income. - FY2018-Q3RestatedAnnual report
「In the Food Business segment, impairment losses of ¥812 million were recorded for Izumiya and other companies during the cumulative third quarter of the current consolidated fiscal year due to store closures and other factors. Of this amount, ¥404 million in losses related to store closures is presented in the quarterly consolidated income statement as losses on closure of stores and other facilities under extraordinary losses.」
Impairment losses related to store closures and other factors continued in the food business. The cumulative amount was ¥812 million, including ¥404 million in losses related to store closures. - FY2018-Q2RestatedAnnual report
「In the Food Business segment, impairment losses of ¥509 million were recorded for Izumiya and other companies during the cumulative second quarter of the current consolidated fiscal year due to store closures and other factors.」
Impairment losses related to store closures and other factors continued to be recorded in the food business. - FY2018-Q1RestatedAnnual report
「In the Food Business segment, impairment losses of ¥252 million were recorded for Izumiya and other companies during the cumulative first quarter of the current consolidated fiscal year due to store closures and other factors.」
Impairment losses related to store closures and other factors continued to be recorded in the food business during the current quarter. - FY2017WorsenedAnnual report
「Net income attributable to owners of the parent included ¥2,921 million in losses on closure of stores and other facilities, including Izumiya's GMS stores and Sakai-Kitahanada Hankyu.」
Full-year losses related to store closures amounted to ¥2,921 million. Of the ¥2,300 million in impairment losses, ¥2,248 million also related to store closures. - FY2017-Q3RestatedAnnual report
「In the Food Business segment, impairment losses of ¥990 million were recorded for Izumiya and other companies during the cumulative third quarter of the current consolidated fiscal year due to store closures and other factors. Of this amount, ¥966 million in losses related to store closures is presented in the quarterly consolidated income statement as losses on closure of stores and other facilities under extraordinary losses.」
Impairment losses related to store closures and other factors continued in the food business, reaching ¥990 million for the cumulative period through the current quarter. - FY2017-Q2First statedAnnual report
「In the Food Business segment, impairment losses of ¥967 million were recorded for Izumiya and other companies during the cumulative second quarter of the current consolidated fiscal year due to store closures and other factors. Of this amount, ¥966 million in losses related to store closures is presented in the quarterly consolidated income statement as losses on closure of stores and other facilities under extraordinary losses.」
Izumiya and other companies in the food business recorded ¥967 million in impairment losses related to store closures and other factors, of which ¥966 million was presented as losses on closure of stores and other facilities.