Risk of fluctuations in the prices of vessels, land, buildings and other assets
First written in FY2017. 9 of 17 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2023-Q3.
Iino Kaiun moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 24 of 52 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「In the Real Estate segment, the carrying amount of fixed assets held by a subsidiary was reduced to the recoverable amount and recognized as an impairment loss. The impairment loss recognized for the nine months ended the third quarter of the current fiscal year was ¥20 million.」
An impairment loss of ¥20 million was recognized on fixed assets in the real estate business, indicating that the decline in asset prices and recoverable amounts continues to be reflected in results. - FY2023-Q2MaterialisedAnnual report
「In the Real Estate segment, the carrying amount of fixed assets held by a subsidiary was reduced to the recoverable amount and recognized as an impairment loss. The impairment loss recognized for the six months ended the second quarter of the current fiscal year was ¥20 million.」
The recoverable amount of fixed assets in the real estate business actually declined, resulting in the recognition of an impairment loss of ¥20 million. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥969 million were recognized on securities, comprising ¥969 million on shares classified as other securities.」
The risk of price fluctuations in investment securities actually materialized during the period as impairment losses of ¥969 million. - FY2022-Q2RestatedAnnual report
「Impairment Loss on Investment Securities」
An impairment loss of ¥1,046 million on investment securities was recognized. There was no significant change from the ¥1,042 million recorded in the same period of the previous year, and asset price volatility risk continued to be reflected in results. - FY2022-Q1WorsenedAnnual report
「As the Company recognized an impairment loss on shares held, net income attributable to owners of the parent was ¥90 million, down 97.0% year on year.」
An impairment loss of ¥1,065 million on shares held was recognized as an extraordinary loss, and asset price volatility risk significantly reduced net income for the current quarter. - FY2021-Q3WorsenedAnnual report
「Impairment Loss on Investment Securities」
An impairment loss of ¥1,162 million on investment securities was recognized, up from ¥125 million in the same period of the previous year. Asset price volatility risk had materialized as a substantially larger loss. - FY2021-Q2WorsenedAnnual report
「Impairment Loss on Investment Securities」
An impairment loss of ¥1,042 million on investment securities was recognized, up from ¥133 million in the same period of the previous year. Asset price volatility risk had materialized as a substantially larger actual loss. - FY2020-Q2MaterialisedAnnual report
「Impairment Loss on Investment Securities」
An impairment loss of ¥133 million on investment securities was recognized as an extraordinary loss, showing that asset price volatility risk had materialized as an actual loss in the current quarter as well. - FY2020-Q1MaterialisedAnnual report
「Impairment Loss on Investment Securities」
An impairment loss of ¥129 million on investment securities was recognized as an extraordinary loss, showing that asset price volatility risk had materialized as an actual loss in the current quarter as well. - FY2019MaterialisedAnnual report
「For vessels whose profitability has declined due to the current depressed conditions in the ocean shipping and secondhand vessel markets, the amount by which their carrying amounts exceed their recoverable amounts is recognized as an impairment loss under extraordinary losses.」
Due to a decline in vessel profitability, ¥1,146 million in impairment losses was recognized during the current fiscal year. An impairment loss of ¥411 million was also recognized on investment securities. - FY2019-Q3MaterialisedAnnual report
「In the "Ocean Shipping" segment, the carrying amounts of vessels held by the Company's subsidiaries were reduced to their recoverable amounts and recognized as impairment losses. The impairment loss recognized in the consolidated third quarter ended this fiscal year was ¥570 million.」
A decline in the recoverable amounts of vessels actually occurred, and ¥570 million in impairment losses was recognized in the consolidated third quarter ended this fiscal year. - FY2019-Q2MaterialisedAnnual report
「Impairment Loss on Investment Securities」
An impairment loss of ¥411 million on investment securities was recognized as an extraordinary loss, showing that asset price volatility risk had materialized as an actual loss. - FY2018MaterialisedAnnual report
「For vessels whose profitability has declined due to the current depressed conditions in the ocean shipping and secondhand vessel markets, the amount by which their carrying amounts exceed their recoverable amounts is recognized as an impairment loss under extraordinary losses.」
A decline in vessel profitability actually occurred, and ¥530 million in impairment losses was recognized during the current fiscal year. - FY2018-Q3MaterialisedAnnual report
「In the "Ocean Shipping" segment, the carrying amounts of vessels held by the Company's subsidiaries were reduced to their recoverable amounts and recognized as impairment losses. The impairment loss recognized in the consolidated third quarter ended this fiscal year was ¥379 million.」
A decline in vessel asset prices and recoverable amounts actually occurred, resulting in the recognition of ¥379 million in impairment losses. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company has determined that there have been no new developments or significant changes regarding asset price volatility risk relating to vessels, land and buildings. - FY2018-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company has determined that there have been no new developments or significant changes regarding asset price volatility risk relating to vessels, land and buildings. - FY2017First statedAnnual report
「If the prices of assets held by the Group, including vessels, land, buildings and investment securities, fluctuate due to economic conditions, changes in market conditions or other factors, the Group's performance, share price and financial condition may be affected through the realization of gains or losses on the sale of such assets and the recognition of impairment losses.」
The Company explicitly identifies the risk that fluctuations in the prices of vessels, real estate and investment securities held may affect performance and other metrics through gains or losses on sales and impairment losses.