Impairment Losses Due to Lower Profitability of Rental Properties
First written in FY2018-Q1. 4 of 10 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2027-H1MaterialisedAnnual report
「Because recovery of the investment in the property was no longer expected due to its declining profitability, its carrying amount was reduced to its recoverable amount, and the reduction was recorded as an impairment loss within extraordinary losses.」
An impairment loss of ¥301.490 million was recorded on rental real estate in Chuo Ward, Kobe, due to declining profitability. No such loss was recorded in the previous interim period, and the decline in the profitability of rental real estate has again materialized as an actual loss. - FY2022MaterialisedAnnual report
「Impairment loss 73,330 93,766」
The impairment loss related to declining profitability of rental real estate and other assets increased from ¥73.330 million in the previous period to ¥93.766 million in the current period, confirming that an actual loss was recorded in the current fiscal year as well. - FY2022-Q3No impairment loss in the current quarterAnnual report
「Cumulative period of the third quarter (1 March 2021 to 30 November 2021) There are no applicable matters.」
An impairment loss of ¥73.330 million on rental real estate was recorded in the same period of the previous year, while no applicable matter was reported for the cumulative period of the third quarter. - FY2021-Q3MaterialisedAnnual report
「Because the investment in the real estate was no longer expected to be recovered due to a decline in its profitability, the company reduced its carrying amount to the recoverable amount and recognized the reduction of ¥31.843 million as an impairment loss under extraordinary losses.」
Due to declining profitability of rental real estate, an impairment loss of ¥73.330 million was recorded on buildings and land in Nagata Ward, Kobe, and elsewhere. The impairment loss in the current fiscal year has become concrete. - FY2019No impairment loss in the fiscal yearAnnual report
「An impairment loss of ¥31 million was recorded as an extraordinary loss in the previous fiscal year. If fixed assets showing indications of impairment arise in the future, they may affect the Company's performance.」
While an impairment loss of ¥31 million related to rental real estate and other assets was recorded in the previous fiscal year, no impairment loss arose in the current fiscal year. - FY2019-Q3No Impairment Loss in the Fiscal YearAnnual report
「Three-month period ended 30 November 2018 (from 1 March 2018 to 30 November 2018) There were no applicable items.」
The company states that no corresponding impairment loss on rental real estate, which was recognized in the same period of the previous year, was recognized during the cumulative third-quarter period. - FY2018RestatedAnnual report
「The company recognized ¥31 million as an impairment loss under extraordinary losses during the fiscal year, and its performance may be affected if fixed assets showing indications of impairment arise in the future.」
The company also describes in its annual report the recognition of a ¥31 million impairment loss due to declines in the profitability of fixed assets and other factors, as well as future impairment risks. - FY2018-Q3RestatedAnnual report
「Because the investment in the real estate was no longer expected to be recovered due to a decline in its profitability, the company reduced its carrying amount to the recoverable amount and recognized the reduction of ¥31.843 million as an impairment loss under extraordinary losses.」
The company continued to recognize an impairment loss of ¥31.843 million on rental real estate in Nada Ward, Kobe, due to a decline in profitability. - FY2018-Q2RestatedAnnual report
「Because the investment in the real estate was no longer expected to be recovered due to a decline in its profitability, the company reduced its carrying amount to the recoverable amount and recognized the reduction of ¥31.843 million as an impairment loss under extraordinary losses.」
The company also recognized an impairment loss of ¥31.843 million due to a decline in the profitability of rental real estate during the cumulative second-quarter period. - FY2018-Q1MaterialisedAnnual report
「Because the investment in the real estate was no longer expected to be recovered due to a decline in its profitability, the company reduced its carrying amount to the recoverable amount and recognized the reduction of ¥31.843 million as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥31.843 million on rental real estate in Nada Ward, Kobe, due to a decline in profitability. A decline in the profitability of rental real estate has resulted in an actual loss.