Risk of Impairment of Fixed Assets
First written in FY2016. 16 of 24 entries say "Materialised", first in FY2016. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 70 of 120 companies on the "Worse" side.
- FY2027-H1MaterialisedAnnual report
「As the recoverability of investments in operating assets at certain operating sites in the Center Operations and Asset Operations segments became uncertain due to declining profitability, the carrying amounts of the operating assets were reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. During the interim consolidated accounting period, impairment losses totaled ¥4.545 million in the Center Operations segment and ¥5.341 million in the Asset Operations segment.」
Impairment losses totaling ¥9.887 million were recorded, comprising ¥4.545 million in Center Operations and ¥5.341 million in Asset Operations. Although the amount declined from the previous fiscal year, impairment of property, plant and equipment continues to occur. - FY2026Impairment losses declined year on year but were recorded at 8 sitesAnnual report
「The Company recorded impairment losses of ¥196.313 million at 8 of the 21 operating sites identified as showing indications of impairment due to declining profitability of assets or asset groups, based on the determination of whether impairment losses should be recognized.」
Impairment losses of ¥196.313 million were recorded at 8 of the 21 sites showing indications of impairment. Consolidated impairment losses declined to ¥270.381 million from ¥530.141 million in the previous fiscal year, but impairment risk continues to materialize. - FY2026-H1MaterialisedAnnual report
「Because the investment in business assets at certain sites in the Center Business and Asset Business segments was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss under extraordinary losses. For the current interim consolidated accounting period, impairment losses were ¥9.423 million for the Center Business segment and ¥5.874 million for the Asset Business segment.」
Impairment losses of ¥9.423 million for the Center Business and ¥5.874 million for the Asset Business, or ¥15.297 million in total, were recorded, and the risk of impairment of fixed assets actually materialized during the current interim consolidated accounting period. - FY2025WorsenedAnnual report
「Of 20 sites identified as showing indications of impairment due to declining profitability of assets or asset groups, impairment losses of ¥530.141 million were recorded at 7 sites based on the impairment loss recognition assessment.」
Impairment losses of ¥530.141 million were recorded at 7 of the 20 sites showing indications of impairment, a substantial increase from ¥57.069 million in the previous fiscal year. - FY2025-H1MaterialisedAnnual report
「Because the investment in business assets at certain sites in the Asset Business segment was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss under extraordinary losses. The impairment loss recorded for the current interim consolidated accounting period was ¥9.895 million.」
An impairment loss of ¥9.895 million was recorded at certain sites in the Asset Business due to declining profitability, and the risk of impairment of fixed assets actually materialized during the current interim consolidated accounting period. - FY2024-Q3MaterialisedAnnual report
「Because the investment in business assets at certain sites in the Asset Business segment was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss under extraordinary losses. The impairment loss recorded for the cumulative third-quarter period was ¥15.403 million.」
An impairment loss of ¥15.403 million was recorded at certain sites in the Asset Business due to declining profitability, and the risk of impairment of fixed assets actually materialized during the cumulative quarter-to-date period. This was down from ¥30.540 million in the same period of the previous year. - FY2024-Q2MaterialisedAnnual report
「Because the investment in business assets at certain sites in the Asset Business segment was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss under extraordinary losses. The impairment loss recorded for the cumulative second-quarter period was ¥3.824 million.」
Although no impairment losses were incurred in the previous quarter, an impairment loss of ¥3.824 million was recorded at certain sites in the Asset Business for the cumulative second-quarter period. - FY2024-Q1MitigatedAnnual report
「 Impairment loss —」
No impairment losses were recorded for the cumulative first-quarter period, and the impairment losses incurred in the same period of the previous year did not recur during the quarter. - FY2023WorsenedAnnual report
「Of 14 sites identified as showing indications of impairment due to declining profitability of assets or asset groups or a significant decline in market prices, impairment losses of ¥148.582 million were recorded at 6 sites based on the impairment loss recognition assessment.」
Impairment losses of ¥148.582 million were recorded at 6 of the 14 sites showing indications of impairment, up from ¥90.962 million in the previous fiscal year. - FY2023-Q3MaterialisedAnnual report
「Because the investment in business assets at certain sites in the Center Business and Asset Business segments was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss under extraordinary losses. For the cumulative third-quarter period, impairment losses were ¥17.164 million for the Center Business segment and ¥13.376 million for the Asset Business segment.」
Impairment losses of ¥17.164 million for the Center Business and ¥13.376 million for the Asset Business, or ¥30.540 million in total, were recorded, and the risk of impairment of fixed assets actually materialized. - FY2023-Q2MaterialisedAnnual report
「Because the investment in business assets at certain sites in the Center Business and Asset Business segments was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss under extraordinary losses. For the cumulative second-quarter period, impairment losses were ¥17.164 million for the Center Business segment and ¥13.376 million for the Asset Business segment.」
Impairment losses of ¥17.164 million for the Center Business and ¥13.376 million for the Asset Business, or ¥30.540 million in total, were recorded, and the risk of impairment of fixed assets actually materialized. - FY2023-Q1MaterialisedAnnual report
「Because the investment in business assets at certain sites in the Asset Business segment was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss under extraordinary losses. The impairment loss recorded for the cumulative first-quarter period was ¥10.953 million.」
Profitability declined at certain sites in the Asset Business, resulting in an impairment loss of ¥10.953 million. The risk of impairment of fixed assets actually materialized during the quarter. - FY2022MaterialisedAnnual report
「Because the investment in business assets was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction for the period was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥90.962 million was recorded on business assets in Inazawa, Aichi Prefecture, Kawagoe, Saitama Prefecture, and other locations due to declining profitability. - FY2021-Q3MitigatedAnnual report
「 Impairment loss —」
No impairment losses were recorded for the cumulative third-quarter period, meaning that the ¥191.442 million impairment loss recorded in the same period of the previous year did not recur. - FY2020MaterialisedAnnual report
「Because the investment in business assets was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction for the period was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥191.442 million was recorded on business assets in Hiki District, Saitama Prefecture, due to declining profitability. - FY2020-Q3MaterialisedAnnual report
「Because the investment in business assets in the Center Business and Asset Business segments was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss. For the cumulative third-quarter period, impairment losses were ¥1.722 million for the Center Business segment and ¥189.720 million for the Asset Business segment.」
Due to declining profitability in the Center Business and Asset Business, total impairment losses of ¥191.442 million were recorded. The risk of impairment of fixed assets actually materialized during the quarter. - FY2020-Q2MaterialisedAnnual report
「Because the investment in business assets in the Center Business and Asset Business segments was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss. For the cumulative second-quarter period, impairment losses were ¥1.722 million for the Center Business segment and ¥189.720 million for the Asset Business segment.」
Profitability declined for business assets in the Center Business and Asset Business, resulting in total impairment losses of ¥191.442 million. The risk of impairment of fixed assets actually materialized during the quarter. - FY2020-Q1MaterialisedAnnual report
「Because the investment in business assets in the Asset Business segment was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction was recorded as an impairment loss. The impairment loss recorded for the cumulative first-quarter period was ¥187.640 million.」
Due to declining profitability in the Asset Business, an impairment loss of ¥187.640 million was recorded on business assets. - FY2019MaterialisedAnnual report
「Because the investment in business assets was no longer expected to be recovered due to declining profitability, their carrying amounts were reduced to their recoverable amounts, and the reduction for the period was recorded as an impairment loss under extraordinary losses.」
Impairment losses of ¥148.986 million were recorded on business assets in Hiki District, Saitama Prefecture, Ota Ward, Tokyo, and other locations due to declining profitability. - FY2018MaterialisedAnnual report
「Following the decision to terminate and dissolve LOGITEM VIETNAM CORP.NO.１ during the following consolidated fiscal year, the carrying amounts of business assets and rental assets scheduled for disposal were reduced to their recoverable amounts, and the reduction for the period was recorded as an impairment loss under extraordinary losses.」
Following the decision to terminate and dissolve the Vietnamese subsidiary's business, an impairment loss of ¥38.711 million was recorded on buildings, leasehold rights and other assets. The risk of impairment of fixed assets actually materialized. - FY2017RestatedAnnual report
「The Group owns multiple plots of land and buildings for use as business real estate and warehouse facilities. The Group applies accounting standards and implementation guidance for impairment of fixed assets. If impairment losses arise on the fixed assets it owns, this may affect the Group's operating results and financial position.」
The risk of impairment of fixed assets continues to be disclosed. No impairment losses by segment were recorded in the current consolidated fiscal year. - FY2016MaterialisedAnnual report
「The Group owns multiple plots of land and buildings for use as business real estate and warehouse facilities. The Group applies accounting standards and implementation guidance for impairment of fixed assets. If impairment losses arise on the fixed assets it owns, this may affect the Group's operating results and financial position.」
The Group recorded impairment losses of ¥134.321 million in the previous consolidated fiscal year, while no impairment losses were recorded in the current consolidated fiscal year.