Impairment Loss on Software for High-Pressure Gas Transportation Due to Reduced Prospects for Use
First written in FY2025-H1. 2 of 2 entries say "Materialised", first in FY2025-H1. Latest entry: FY2025.
Japan Oil Transportation moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
9 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Development costs for internally used software in the high-pressure gas transportation division had been recorded under software in progress, an intangible fixed asset. However, because some functions were no longer expected to be used as originally anticipated, part of the development costs was recorded as an impairment loss under extraordinary losses.」
The lower expected use reported in FY2025-H1 was reflected in the annual results, with an impairment loss of ¥28 million recorded on a finalized basis. - FY2025-H1MaterialisedAnnual report
「For internally used software in the high-pressure gas transportation business segment, development costs had been recorded as software under development within intangible fixed assets. Because some functions no longer had the expected future use, a portion of the development costs has been recognized as an impairment loss under extraordinary losses.」
For internally used software in the high-pressure gas transportation business segment, the expected use of some functions initially envisaged was lost, and an impairment loss of ¥23 million was recorded.