Impairment at Unprofitable Branches and Sale of Branch Land
First written in FY2018. 2 of 2 entries say "Materialised", first in FY2018. Latest entry: FY2023.
Avantia moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2025: 43 of 77 companies on the "Worse" side.
60 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「Umemori, Nisshin City Showroom Buildings, structures, tools, furniture and fixtures, software ¥47.558 million」
The company recognized an impairment loss of ¥47.558 million on the Umemori showroom in Nisshin City because its operating results were negative and recovery of the investment was not expected. - FY2018MaterialisedAnnual report
「Because the Kanazawa branch in Kanazawa, Ishikawa Prefecture, was subject to impairment testing and had continued to generate losses from operating activities, the carrying amounts of buildings, structures and other assets were reduced to their recoverable amounts, with the reduction recognized as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥2.742 million on the Kanazawa branch due to its continuing operating losses and ¥4.738 million on land held by the Shizuoka branch, demonstrating that issues with store profitability and asset values have materialized.