Valuation Losses and Losses on Sale Due to Declining Land Prices
First written in FY2016. 3 of 6 entries say "Worsened", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「In the consolidated fiscal year, we recorded impairment losses of ¥6.140 billion for asset groups whose fair value had declined significantly relative to their carrying amount due to continuing declines in land prices, and asset groups whose profit or loss from operating activities had remained negative, among others.」
Impairment losses increased from ¥4.985 billion in the previous fiscal year to ¥6.140 billion. The number of affected properties decreased from 73 to 66, but the loss amount increased. - 2026-05-12WorsenedEarnings
「Impairment losses 4,985 6,140」
Impairment losses increased from ¥4.985 billion in the previous fiscal year to ¥6.140 billion. - FY2025MitigatedAnnual report
「In the consolidated fiscal year, we recorded impairment losses of ¥4.985 billion for asset groups whose fair value had declined significantly relative to their carrying amount due to continuing declines in land prices, and asset groups whose profit or loss from operating activities had remained negative, among others.」
Impairment losses decreased from ¥12.328 billion in the previous fiscal year to ¥4.985 billion, and the number of affected properties decreased from 104 to 73. - FY2024WorsenedAnnual report
「In the consolidated fiscal year, we recorded impairment losses of ¥12.328 billion for asset groups whose fair value had declined significantly relative to their carrying amount due to continuing declines in land prices, and asset groups whose profit or loss from operating activities had remained negative, among others.」
Impairment losses increased from ¥6.544 billion in the previous fiscal year to ¥12.328 billion, and the number of affected properties was 104. The actual impact of land-price and profitability risks has expanded. - FY2021MaterialisedAnnual report
「For asset groups whose fair value had declined significantly relative to their carrying amount due to continuing declines in land prices, and asset groups whose profit or loss from operating activities had remained negative, among others, we reduced their carrying amounts to recoverable amounts and recorded the reductions as impairment losses under extraordinary losses.」
The risk related to fixed assets and declining land prices materialized as impairment losses on 146 properties totaling ¥26.806 billion. - FY2016First statedAnnual report
「If real estate prices decline because of weak real estate market conditions or other reasons, revenue may decline and impairment losses or disposal losses may be recorded, adversely affecting our group's performance and financial condition.」
Market risk associated with holding substantial real estate for sale and for business use.