Impairment Risk for Fixed Assets
First written in FY2016. 14 of 25 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 71 of 120 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「The carrying amounts of asset groups at locations where openings had been canceled were written down, and ¥59.771 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥59.771 million was recognized in connection with the cancellation of a hotel opening. The affected business and scale of losses changed from the impairment of 12 sports club locations totaling ¥1,595 million in the previous fiscal year. - 2026-05-13MaterialisedRevision to earnings forecast
「「ホテル事業」セグメントにおいて、店舗の出店を中止したため固定資産の減損損失として59,771千円計上しております。」
ホテル店舗の出店中止に伴い、固定資産の減損損失が新たに計上され、減損リスクが実績として発生している。 - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Group states that there has been no new occurrence or significant change in the risk of impairment of fixed assets. - FY2025MitigatedAnnual report
「At certain locations where profitability had declined, the Group recognized ¥1,595 million in extraordinary losses (impairment losses) in accordance with the accounting standard for impairment of fixed assets. At the 12 locations where impairment losses were recognized, depreciation expense is expected to decrease by approximately ¥111 million in the fiscal year ending March 2026.」
Impairment losses totaled ¥1,595 million at 12 locations. Although both the number of locations and the loss amount decreased from 17 locations and ¥2,996 million in the previous fiscal year, the impairment risk continues to materialize. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Group states that there has been no new occurrence or significant change in the risk of impairment of fixed assets. - FY2024WorsenedAnnual report
「The Group reviewed impairment of fixed assets at certain sports club locations where profitability had declined, reduced the carrying amounts of 17 sports club locations to their recoverable amounts, and recognized impairment losses.」
The impairment review covered 49 sports club locations, of which 17 incurred impairment losses totaling ¥2,996.490 million. The scale of the losses increased from ¥263.804 million in the previous fiscal year. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, there was no occurrence of any new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2023MaterialisedAnnual report
「During the current consolidated fiscal year, the carrying amounts of asset groups at locations for which closure or cancellation of opening had been decided were written down, and ¥263.804 million was recognized as an impairment loss under extraordinary losses.」
Impairment losses related to closures and canceled openings reached ¥263.804 million, indicating that the risk of impairment of fixed assets has materialized as actual losses. - FY2023-Q3MaterialisedAnnual report
「Following the decision to close Holiday Sports Club Niigata Akamichi and Kagoshima Kamoike, the Group recognized ¥179.936 million as an impairment loss on property, plant and equipment and ¥56.048 million as the estimated loss from the store closures. The Group also recognized an impairment loss of ¥38.963 million for AB Hotel Kimitsu due to the cancellation of its opening.」
In connection with the closure of 2 sports club locations and the cancellation of the opening of AB Hotel Kimitsu, impairment losses of ¥218.900 million and store closure losses of ¥56.048 million were actually recognized. - FY2023-Q2MaterialisedAnnual report
「As a result, the Group recognized ¥154 million in impairment losses and losses related to store closures during the six months ended the second quarter of the current consolidated fiscal year.」
The Group recognized an impairment loss of ¥149.310 million and a store closure loss of ¥44.068 million in connection with the infectious disease, higher energy costs, and canceled openings and closures, indicating that the risk of impairment of fixed assets has materialized as actual losses. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, the spread of the infectious disease had a considerable impact on the sports club and hotel businesses. The 28 Holiday Sports Club locations operated by the Company and the 4 AB Hotel locations operated by a consolidated subsidiary were significantly affected by a decline in membership, a decrease in visitors to Japan and requests to refrain from going out, and the Group therefore conducted the following review of impairment of fixed assets.」
The locations subject to the impairment review expanded to 28 sports clubs and 4 hotels, and the fixed assets subject to review totaled ¥9,271.296 million. Although the Group concluded that impairment measurement was not required, the disclosure describes the infectious disease risk as having become concrete. - FY2021WorsenedAnnual report
「Due to the spread of COVID-19, the Group is considering impairment of fixed assets at certain locations in its sports club and hotel businesses. Of the accounting estimates used in preparing the consolidated financial statements and the underlying assumptions, the significant items are described in Section 5, Accounting, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Significant Accounting Estimates).」
The impact of the infectious disease has created a situation requiring impairment reviews at certain locations. Although impairment measurement has not been conducted, the disclosure describes the risk as having become more concrete and expanded. - FY2020MitigatedAnnual report
「Since fiscal 2005, the Group has applied the accounting standard for impairment of fixed assets. In its sports club, hotel and real estate businesses, it monitors profitability by division, and at locations whose profitability is below plan, it considers measures to improve profitability at board meetings and other forums.」
The Group explicitly monitors profitability by division and location and considers improvement measures for locations that fall short of plan. No impairment loss was recognized in the fiscal year. - FY2020-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative first nine months of the consolidated fiscal year. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, 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 preceding fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2019-Q3RestatedAnnual report
「During the first three quarters, there were no newly arising business or other risks, and no material changes were made to the business or other risks described in the annual securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2019-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year-to-date period, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, 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 preceding fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2018RestatedAnnual report
「The Group owns fixed assets, including sports clubs, hotels and rental apartments. No fixed assets were impaired during the consolidated fiscal year, but if earnings and asset values decline significantly in the future, the Group may be required to recognize an impairment loss.」
The company continues to recognize the risk of impairment of fixed assets. No impairment was recorded during the fiscal year. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2017RestatedAnnual report
「If earnings and asset values decline significantly in the sports club, hotel and real estate businesses, requiring impairment of property, plant and equipment, the Group’s business results and financial condition may be affected.」
The company continues to identify the risk of impairment of fixed assets resulting from declines in earnings and asset values in each business. - FY2017-Q3RestatedAnnual report
「During the first three quarters, there were no newly arising business or other risks, and no material changes were made to the business or other risks described in the annual securities report for the previous fiscal year.」
No new occurrences or material changes have been identified in the risk of impairment of fixed assets. - FY2016First statedAnnual report
「If earnings and asset values decline significantly in the sports club, hotel and real estate businesses, requiring impairment of property, plant and equipment, the Group’s business results and financial condition may be affected.」
The company describes the possibility of impairment resulting from declines in earnings and asset values in each business.