Impairment of Fixed Assets Due to Falling Land Prices
First written in FY2017-Q2. 10 of 28 entries say "Mitigated", first in FY2020-Q3. Latest entry: 2026-08-07.
The Ogaki Kyoritsu Bank moved to the "Worse" side of this theme in 2016, 10 years before the typical company in this theme (2026).
2 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedFinancial results
「Impairment losses 139 232」
Impairment losses on fixed assets increased from ¥139 million in the same period of the previous year to ¥232 million. - FY2026WorsenedAnnual report
「Consolidated fiscal year under review… impairment loss, 835… Gifu Prefecture: 5 operating stores, land and buildings, 311; 1 training facility, buildings and other assets, 312; outside Gifu Prefecture: 12 operating stores, land and other assets, 210; total, 835」
Impairment losses on property, plant and equipment increased to ¥835 million from ¥557 million in the previous fiscal year. Impairment losses were recognized in connection with lower operating cash flow and decisions to sell former store sites and close stores, among other factors. - 2026-05-15WorsenedFinancial results
「Impairment losses 557 835」
Impairment losses for the fiscal year ending March 2026 were ¥835 million, up from ¥557 million in the previous fiscal year. - FY2026-H1WorsenedAnnual report
「Gifu Prefecture: 4 operating stores, land and buildings, 305; 1 idle asset, land, 0; outside Gifu Prefecture: 1 operating store, buildings, 0; total, 305」
The Company recognized ¥305 million in impairment losses on property, plant and equipment during the interim period under review in connection with decisions to sell former store sites and close stores. This was an increase from ¥54 million in the same period of the previous year. - FY2025-H1MitigatedAnnual report
「Interim consolidated accounting period under review… Gifu Prefecture: 1 operating store, land and buildings, 52; 2 idle assets, land, 1; total, 54」
Impairment losses on property, plant and equipment decreased to ¥54 million from ¥147 million in the same period of the previous year. Impairment charges continue to be recognized due to the ongoing decline in land prices and the closure of stores. - FY2024-Q3MitigatedAnnual report
「Impairment loss 184 147」
Impairment losses on property, plant and equipment were ¥147 million in the cumulative third quarter under review, down from ¥184 million in the same period of the previous year. However, recognition of impairment losses on property, plant and equipment continues. - FY2024-Q2MitigatedAnnual report
「Impairment loss 164 147」
Impairment losses on property, plant and equipment were ¥147 million in the interim period under review, down from ¥164 million in the same period of the previous year. However, impairment charges continue to be recognized due to the ongoing decline in land prices and decisions to relocate and consolidate stores. - FY2024-Q1MitigatedAnnual report
「Impairment loss 32 0」
Impairment losses on property, plant and equipment were ¥0 million in the first quarter under review, down from ¥32 million in the same period of the previous year. No impairment losses on property, plant and equipment were identified during the quarter. - FY2023WorsenedAnnual report
「Fiscal year ended 31 March 2023 (from 1 April 2022 to 31 March 2023) … Total 469」
The impairment loss on fixed assets increased from ¥188 million in the previous fiscal year to ¥469 million. Impairment was recognized in connection with declining land prices, declines in operating cash flow, branch relocation and consolidation, and the decision to sell company housing. - FY2023-Q3WorsenedAnnual report
「Impairment loss 169 184」
The impairment loss on fixed assets increased from ¥169 million in the same period of the previous year to ¥184 million, indicating that the risk of impairment of fixed assets continues to materialize and has expanded. - FY2023-Q2MitigatedAnnual report
「Current interim consolidated accounting period … Gifu Prefecture 4 operating branches Buildings and demolition costs 103 Aichi Prefecture 2 operating branches Buildings 12 Hyogo Prefecture 1 company housing property Land and buildings 49 Total 164」
An impairment loss of ¥164 million was recognized in connection with sustained declines in land prices, branch consolidation and the policy of selling company housing. Although this was down from ¥169 million in the same period of the previous year, impairment of fixed assets continues. - FY2023-Q1WorsenedAnnual report
「Impairment loss 0 32」
The impairment loss on fixed assets for the first quarter was ¥32 million, up from ¥0 million in the same period of the previous year. The risk of impairment of fixed assets has again materialized as an actual loss. - FY2022WorsenedAnnual report
「Gifu Prefecture 6 operating branches Land, buildings, movable property and demolition costs, etc. 187」
An impairment loss of ¥188 million on fixed assets was recognized in response to sustained declines in land prices, declines in operating cash flow, and a decision to consolidate branches. This was up from ¥53 million in the previous fiscal year. - FY2022-Q3RestatedAnnual report
「Impairment loss 9 169」
The impairment loss on fixed assets for the cumulative third-quarter period was ¥169 million. Although there was no material change from the amount reported in the previous quarterly report, impairment of fixed assets continues to occur. - FY2022-Q2WorsenedAnnual report
「Gifu Prefecture 5 operating branches Land, buildings and demolition costs, etc. 169 (of which land 47) (of which buildings 68) (of which demolition costs, etc. 53) In response to sustained declines in land prices and a decision to consolidate branches, the carrying amounts of these assets are reduced to their recoverable amounts, with the reduction and estimated demolition costs recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥169 million was recognized for 5 operating branches due to sustained declines in land prices and the decision to consolidate branches. This was up from ¥0 million in the same period of the previous year, indicating that the risk has again expanded into an actual loss. - FY2022-Q1MitigatedAnnual report
「Impairment loss 0 0」
The impairment loss for the first quarter was ¥0 million, and no impairment recognition for fixed assets was identified. - FY2021-Q3WorsenedAnnual report
「Impairment loss 1 9」
The impairment loss on fixed assets for the cumulative third-quarter period increased from ¥1 million in the same period of the previous year to ¥9 million, and impairment of fixed assets continues to materialize as an actual loss. - FY2021-Q2MitigatedAnnual report
「Impairment loss 1 0」
The impairment loss on fixed assets declined from ¥1 million in the same period of the previous year to ¥0 million in the current interim period. - FY2021-Q1MitigatedAnnual report
「Impairment loss 1 0」
The impairment loss on fixed assets for the first quarter was ¥0 million, down from ¥1 million in the same period of the previous year. - FY2020MitigatedAnnual report
「Fiscal year ended 31 March 2020 (from 1 April 2019 to 31 March 2020) … Impairment loss 245」
The impairment loss on fixed assets was ¥245 million, down from ¥274 million in the previous fiscal year. However, impairment recognition due to sustained declines in land prices and declines in operating cash flow continues. - FY2020-Q3MitigatedAnnual report
「Impairment loss 204 1」
The impairment loss on fixed assets for the cumulative third-quarter period was ¥1 million, down from ¥204 million in the same period of the previous year. The risk of impairment of fixed assets has materialized as an actual loss, although the amount has declined. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk of impairment of fixed assets due to declining land prices is treated as having undergone no significant changes. - FY2019-Q3MaterialisedAnnual report
「Impairment loss 28 204」
An impairment loss of ¥204 million on fixed assets was recognized in the cumulative third-quarter period, indicating that the risk of impairment of fixed assets is materializing as an actual loss. - FY2018MaterialisedAnnual report
「In response to sustained declines in land prices, declines in operating cash flow, and decisions to relocate, the carrying amounts of these assets are reduced to their recoverable amounts, with the reduction recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥1,040 million on fixed assets was recognized in the current fiscal year. Although this was down from ¥1,817 million in the previous fiscal year, the risk continues to materialize. - FY2018-Q2MaterialisedAnnual report
「Total 28 In response to sustained declines in land prices and decisions to sell, the carrying amounts of these assets are reduced to their recoverable amounts, with the reduction recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥28 million attributable to sustained declines in land prices and other factors was recognized in the current interim period, indicating that the risk continues to materialize as an actual loss. This was down from ¥1,244 million in the same period of the previous year. - FY2017MaterialisedAnnual report
「In response to sustained declines in land prices, declines in operating cash flow, and decisions to sell and rebuild, the carrying amounts of these assets are reduced to their recoverable amounts, with the reduction recognized as an impairment loss under extraordinary losses.」
During the fiscal year, impairment losses totaling ¥1,817 million were recognized for operating branches and other assets, up from ¥339 million in the previous fiscal year. Land at 4 locations, including parking facilities, accounted for ¥1,244 million of the total. - FY2017-Q3MaterialisedAnnual report
「In response to sustained declines in land prices and decisions to sell and rebuild, the carrying amounts of these assets are reduced to their recoverable amounts, with the reduction recognized as an impairment loss under extraordinary losses.」
Impairment losses totaling ¥1,283 million were recognized, comprising ¥1,244 million for the land at 4 locations, including parking facilities, and ¥39 million for the building at 1 operating branch. The disclosure covers impairment associated with decisions to sell and rebuild, in addition to declining land prices. - FY2017-Q2MaterialisedAnnual report
「In response to sustained declines in land prices and decisions to sell, the carrying amounts of these assets are reduced to their recoverable amounts, with the reduction recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥1,244 million was recognized for 4 locations, including parking facilities, following sustained declines in land prices and decisions to sell, indicating that the risk of falling land prices materialized as an actual loss.