Risk of impairment losses on fixed assets due to lower hotel occupancy
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 43 of 77 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes may materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business and financial conditions described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risk of impairment losses on fixed assets due to lower hotel occupancy rates. - FY2023RestatedAnnual report
「The Company is exposed to risks including lower hotel room occupancy rates. Because COVID-19 has reduced hotel room occupancy rates and profitability, an impairment indicator has arisen on the grounds that this constitutes a significant deterioration in the business environment.」
The Company continues to disclose the risk of impairment indicators arising from lower hotel occupancy rates. Impairment losses for the fiscal year totaled ¥5 million, mainly on hotel operating assets. - FY2022-Q2RestatedAnnual report
「There have been no material changes in the assumptions concerning the impact of the spread of COVID-19 described under Significant Accounting Estimates in the annual securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous fiscal year in the accounting estimate assumptions concerning the impact of COVID-19 related to lower hotel occupancy rates and other factors. - FY2021First statedAnnual report
「Because hotel room occupancy rates have declined and profitability has deteriorated, an impairment indicator has arisen on the grounds that this constitutes a significant deterioration in the business environment. The determination of whether to recognize impairment losses on fixed assets for which an impairment indicator has arisen is made by comparing the estimated total undiscounted future cash flows generated over the major assets' remaining economic useful lives, based on the hotel's business plan, with the carrying amount of the hotel's asset group. Impairment losses have been recognized on some fixed assets.」
Lower hotel occupancy rates and profitability resulted in an impairment indicator, and impairment losses were recognized on some fixed assets. Fixed assets related to hotel development and operations totaled ¥8,541 million, and impairment losses for the fiscal year totaled ¥51 million.