Asset Price Fluctuations for Ships, Aircraft, Real Estate, Automobiles and Other Assets

「During the fiscal year under review, an impairment loss of ¥96,457 million was recognized, of which ¥9,532 million related to aircraft leases.」

「In the Specialty Business, an impairment loss of ¥1,686 million was recognized on assets related to aircraft leases, while the International Business recognized a ¥878 million impairment loss on goodwill.」

「In the Specialty Business, an impairment loss of ¥1,223 million was recognized on assets related to aircraft leases.」

「In the Specialty Business, an impairment loss of ¥1,831 million was recognized on assets related to aircraft leases.」

「In the Specialty Business, an impairment loss of ¥828 million was recognized on assets related to aircraft leases.」

「During the fiscal year under review, ¥4,740 million was recognized as an impairment loss in cost of sales and ¥45,839 million in extraordinary losses, all of which related to aircraft leases.」

「In response to this situation, the Group recognized a total of ¥77.1 billion in Russia-related losses in extraordinary losses, comprising an impairment loss of ¥48.9 billion on the aircraft and bad-debt losses of ¥28.2 billion on the loans and loan guarantees.」

「The Group's consolidated subsidiary Aviation Capital Group LLC complied with economic sanctions imposed on Russia by the United States, the European Union (EU) and others in response to the invasion of Ukraine and terminated all aircraft leases to Russian airlines. However, Russia's retaliatory economic sanctions have made it difficult to estimate future cash flows for the aircraft under the terminated leases. In response to this situation, the Group recognized an impairment loss of ¥47.0 billion on the aircraft in extraordinary losses.」

「In response to this situation, the Group recognized an impairment loss of ¥44.4 billion on the aircraft in extraordinary losses.」

「Although gains on sales of real estate and ships contributed to higher profit, profit declined due to factors including an increase in impairment losses in the aircraft business. In the Specialty Business, an impairment loss of ¥11,166 million was recognized on assets related to aircraft leases.」

「In the Specialty Business, an impairment loss of ¥5,042 million was recognized on assets related to aircraft leases.」

「In the Specialty Business, an impairment loss of ¥4,631 million was recognized on assets related to aircraft leases.」

「During the fiscal year under review, ¥9,942 million was recognized as an impairment loss in cost of sales, of which ¥9,940 million related to aircraft leases.」

「In the Specialty Business, an impairment loss of ¥7,604 million was recognized on aircraft assets.」

「In the Specialty Business, an impairment loss of ¥2,803 million was recognized on aircraft assets.」

「In the Specialty Business, an impairment loss of ¥1,578 million was recognized on aircraft assets.」

「During the fiscal year under review, the carrying amount of leased assets whose profitability had declined due to a reduction in expected future cash flows was written down to the recoverable amount, and the reduction was recognized as an impairment loss in cost of sales.」

「Profit from equity-method investments in the aircraft-related business declined due to the recognition of an impairment loss following the bankruptcy of a major business partner.」

「During the fiscal year under review, alongside revenue growth driven by the expansion of high-quality assets, losses associated with various risks remained contained. Although an impairment loss was recognized on aircraft leased assets, bad-debt expenses remained low.」

「This was due to the recognition of an impairment loss on leased assets, specifically aircraft.」

「In Japan and overseas, the Group holds and invests in assets with value, including ships, aircraft, real estate and automobiles, for purposes such as operating leases and rental transactions.」

「In Japan and overseas, we hold and invest in assets with value, including ships, aircraft, real estate and automobiles, for purposes such as operating leases and rental transactions. Although the Group carefully assesses the value of these assets, their prices fluctuate, and a decline in their value may affect the Group's performance.」