Risk of Impairment Losses and Impairment of Business-Use Assets in Iizuka City
First written in FY2018. 5 of 13 entries say "Restated". Latest entry: FY2025.
Izutsuya moved to the "Worse" side of this theme in 2018, 1 year after the typical company in this theme (2017).
The whole theme swung hardest in 2024: 19 of 32 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the value of the Group's assets declines or the profitability of its businesses deteriorates, impairment losses may arise and affect the Group's business performance.」
The company continues to address impairment loss risk by reviewing investment value and recoverability and conducting periodic assessments. No impairment loss was applicable for the current period. - FY2024RestatedAnnual report
「If the value of the Group's assets declines or the profitability of its businesses deteriorates, impairment losses may arise and affect the Group's business performance.」
The company continues to address impairment loss risk by reviewing investment value and recoverability and conducting periodic assessments. - FY2022MitigatedAnnual report
「Consolidated fiscal year from 1 March 2021 to 28 February 2022: None applicable.」
Although the company recognized an impairment loss of ¥159 million on satellite shops and other assets in the previous fiscal year, it recognized no impairment loss during the current consolidated fiscal year. As measures addressing the risk itself, it discloses the review and periodic assessment of investment value and recoverability. - FY2022-Q3WorsenedAnnual report
「In light of these circumstances, the company has again assumed that the impact will continue for a certain period during the fiscal year ending February 2023 and is estimating future cash flows and the recoverability of deferred tax assets.」
The company revised its previous assumption that the impact of COVID-19 would continue at least until around the end of February 2022 and is estimating impairment and deferred tax effects based on the assumption that the impact will continue for a certain period during the fiscal year ending February 2023. - FY2021MaterialisedAnnual report
「For business-use assets, including satellite shops, where profit or loss from operating activities has remained negative or is expected to become negative, the Group reduces carrying amounts to recoverable amounts and recognizes the decrease as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥159 million on satellite shops because no future cash flows were expected. - FY2021-Q3WorsenedAnnual report
「For impairment of fixed assets, deferred tax accounting and related matters, the Group had initially assumed that the impact on business performance would continue until around the end of February 2021. However, because the timing of containment remains uncertain, it has changed the assumption to one that the impact will continue until around the end of February 2022 and is estimating future cash flows and the recoverability of deferred tax assets.」
The assumed period of the impact of COVID-19 on business performance was extended from around the end of February 2021 to around the end of February 2022, and the company is estimating impairment and deferred tax accounting effects. - FY2021-Q2RestatedAnnual report
「For impairment of fixed assets, deferred tax accounting and related matters, the Group estimates future cash flows and the recoverability of deferred tax assets, assuming that the impact on business performance will continue until around the end of February 2021.」
The company continues to disclose its policy of estimating impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of COVID-19 on business performance will continue until around the end of February 2021. - FY2021-Q1RestatedAnnual report
「For impairment of fixed assets, deferred tax accounting and related matters, the company estimates future cash flows and the recoverability of deferred tax assets, assuming that the impact on business performance will continue until around the end of February 2021.」
Assuming that the impact of COVID-19 on business performance would continue until around the end of February 2021, the company estimated impairment of fixed assets and future cash flows. No new impairment loss was reported. - FY2020WorsenedAnnual report
「At a Board of Directors meeting held on 2 April 2020, the company resolved to close the operating Kurosaki store effective 17 August 2020. Accordingly, it reduced the carrying amount to the recoverable amount and recognized the decrease as an impairment loss under extraordinary losses.」
Following the decision to close the Kurosaki store, an impairment loss of ¥61 million was recognized, representing an additional realization following the impairment associated with the prior-period store closures. - FY2019WorsenedAnnual report
「At a Board of Directors meeting held on 31 July 2018, the company resolved, among other matters, to close the operating Kurosaki store effective 31 May 2019, 株式会社コレット井筒屋 effective 28 February 2019, and the Yamaguchi Izutsuya Ube store effective 31 December 2018. Accordingly, the company reduced the carrying amounts to their recoverable amounts and recognized the decrease as an impairment loss under extraordinary losses.」
The impairment loss associated with the closure decisions expanded to ¥2,305 million, covering the Kurosaki, Collet and Ube stores. - FY2019-Q3RestatedAnnual report
「Impairment losses during the cumulative third quarter of the current consolidated fiscal year resulted from the recognition of impairment losses on fixed assets associated with the closure of the Kurosaki, Collet and Ube stores in the department store segment.」
The company continues to disclose the recognition of a ¥2,108 million impairment loss associated with the closure of the Kurosaki, Collet and Ube stores. - FY2019-Q2MaterialisedAnnual report
「Impairment losses during the cumulative second quarter of the current consolidated fiscal year resulted from the recognition of impairment losses on fixed assets associated with the closure of the Kurosaki, Collet and Ube stores in the department store segment.」
The impairment risk materialized again following the closure of the Kurosaki, Collet and Ube stores, resulting in the recognition of an impairment loss of ¥2,108 million. The scope and amount have expanded from the previous impairment of business-use assets in Iizuka City. - FY2018MaterialisedAnnual report
「During the consolidated fiscal year, for asset groups for which a decision to close had been made, the company reduced their carrying amounts to their recoverable amounts and recognized the decrease as an impairment loss under extraordinary losses.」
Following the decision to close, the company recognized an impairment loss of ¥233 million on business-use assets in Iizuka City, Fukuoka Prefecture. The impairment risk has materialized as an actual loss.