Risk of Declines in Fair Value and Profitability and Obsolescence of Assets Held
First written in FY2016. 13 of 16 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2024.
Mito Securities moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 24 of 52 companies on the "Worse" side.
27 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「Extraordinary losses included an impairment loss of ¥6 million (¥0 million in the previous fiscal year), resulting in profit of ¥629 million (profit of ¥646 million in the previous fiscal year).」
The risk of declining asset value and profitability materialized, with an impairment loss of ¥6 million recognized in the current fiscal year. - FY2024-Q2MaterialisedAnnual report
「For the sales outlet in Chiba, Chiba Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥6 million was recognized as an impairment loss under extraordinary losses.」
The decline in profitability at the sales outlet in Chiba materialized again, and an impairment loss of ¥6 million was recognized. The risk of declining profitability of assets held is actually occurring. - FY2024-Q1MaterialisedAnnual report
「For the sales outlet in Chiba, Chiba Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥6 million was recognized as an impairment loss under extraordinary losses.」
The decline in profitability at the sales outlet in Chiba materialized again, and an impairment loss of ¥6 million was recognized. The risk of declining profitability of assets held is actually occurring. - FY2022MitigatedAnnual report
「We believe that this risk is relatively unlikely to materialize.」
The company assessed the likelihood of the risk of declining asset values as relatively low. Impairment losses for the current fiscal year were ¥5 million, while the ¥244 million loss on valuation of investment securities and other losses recognized in the previous fiscal year did not occur. - FY2022-Q2MaterialisedAnnual report
「For the sales outlet in Kawaguchi, Saitama Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥5 million was recognized as an impairment loss under extraordinary losses. For land in Inashiki, Ibaraki Prefecture, which was an idle asset, because the market price had declined relative to its carrying amount, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥5 million was recognized as an impairment loss under extraordinary losses.」
In addition to the decline in the profitability of the sales outlet in Kawaguchi, a decline in the market price of idle land in Inashiki materialized, and impairment losses of ¥5 million were recognized for each. - FY2022-Q1MaterialisedAnnual report
「For the sales outlet in Kawaguchi, Saitama Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥5 million was recognized as an impairment loss under extraordinary losses.」
Due to the decline in the profitability of the sales outlet, an impairment loss of ¥5 million was recognized for the sales outlet in Kawaguchi. The risk of declining profitability of assets held continues to materialize. - FY2021MaterialisedAnnual report
「Extraordinary losses for the current fiscal year consisted of a ¥244 million loss on valuation of investment securities (¥138 million in the previous fiscal year), a ¥73 million loss on sale of investment securities (¥1 million in the previous fiscal year), a ¥32 million settlement payment (¥0 million in the previous fiscal year) and a ¥5 million impairment loss (¥39 million in the previous fiscal year), totaling ¥359 million (¥180 million in the previous fiscal year).」
Losses on valuation of investment securities of ¥244 million, losses on sale of investment securities of ¥73 million and impairment losses of ¥5 million were recognized, and declines in the value and profitability of assets held continued to occur. - FY2021-Q3MaterialisedAnnual report
「For the sales outlet in Kawaguchi, Saitama Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥5 million was recognized as an impairment loss under extraordinary losses.」
Due to the decline in the profitability of the sales outlet, an impairment loss of ¥5 million was recognized for the sales outlet in Kawaguchi. The risk of declining profitability of assets held continues to materialize. - FY2021-Q1MaterialisedAnnual report
「For the sales outlet in Kawaguchi, Saitama Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥5 million was recognized as an impairment loss under extraordinary losses.」
Due to the decline in the profitability of the sales outlet, an impairment loss of ¥5 million was recognized for the sales outlet in Kawaguchi. The risk of declining profitability of assets held has materialized at an additional outlet. - FY2020MaterialisedAnnual report
「Loss on valuation of investment securities: ¥138 million (¥10 million in the same period); impairment loss: ¥39 million (¥6 million in the same period)」
Losses on valuation of investment securities of ¥138 million and impairment losses of ¥39 million were recognized, and the risk of declining value and profitability of assets held materialized more significantly than in the previous fiscal year. - FY2020-Q3MaterialisedAnnual report
「For the sales outlet in Chiba, Chiba Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥7 million was recognized as an impairment loss under extraordinary losses. In addition, because a decision was made to sell land in Mito, Ibaraki Prefecture, which was an idle asset, its carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥32 million was recognized as an impairment loss under extraordinary losses.」
In addition to the decline in the profitability of the sales outlet, a write-down was recognized following the decision to sell idle land, bringing impairment losses for the cumulative third quarter period to ¥39 million. The risk of declining profitability and value of assets held has additionally materialized. - FY2020-Q2MaterialisedAnnual report
「For the sales outlet in Chiba, Chiba Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥7 million was recognized as an impairment loss under extraordinary losses.」
The decline in the profitability of the sales outlet actually materialized, and an impairment loss of ¥7 million was recognized for the sales outlet in Chiba, Chiba Prefecture. The risk of declining profitability and market value of assets held has materialized at an additional outlet. - FY2019MaterialisedAnnual report
「Impairment loss was ¥6 million (¥0 million in the same period of the previous year), resulting in profit of ¥408 million (profit of ¥289 million in the same period).」
An impairment loss of ¥6 million arising from the decline in the profitability of the sales outlet was recognized in the current fiscal year, and the risk of declining asset values and profitability actually materialized. - FY2019-Q3MaterialisedAnnual report
「For the sales outlet in Tsurugashima, Saitama Prefecture, because the profit or loss generated by operating activities had deteriorated, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥6 million was recognized as an impairment loss under extraordinary losses.」
The decline in the profitability of the sales outlet actually materialized, and an impairment loss of ¥6 million was recognized after expected future cash flows were set at zero. - FY2017RestatedAnnual report
「For business operations, we hold tangible fixed assets such as land and buildings, intangible fixed assets such as computer software, and assets such as securities. If their market value declines, profitability deteriorates or they become obsolete, losses may occur.」
The company reiterates the risk of declines in the value and profitability, and obsolescence, of tangible and intangible fixed assets and securities. - FY2016First statedAnnual report
「For business operations, we hold tangible fixed assets such as land and buildings, intangible fixed assets such as computer software, and assets such as securities. If their market value declines, profitability deteriorates or they become obsolete, losses may occur.」
The company identifies tangible and intangible fixed assets and securities as assets subject to changes in value.