Impairment Losses and Losses on Sale of Fixed Assets Held
First written in FY2019. 4 of 6 entries say "Materialised", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2020: 65 of 117 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「Our Group has recognized a project withdrawal loss of ¥9,471 million as an expense associated with the cancellation of the Hakata Station Air City Project. The main components were an impairment loss of ¥6,199 million and other expenses of ¥3,272 million.」
The risk of impairment losses and losses on sales of fixed assets materialized specifically as withdrawal costs and impairment losses arising from the cancellation of the Hakata Station Sky City Project. - FY2026-H1MaterialisedAnnual report
「These were related costs arising from the cancellation of the Hakata Station Sky City Project, mainly comprising impairment losses on fixed assets and other costs.」
The risk of impairment losses and losses on sales of owned fixed assets materialized as mainly impairment losses and other related costs arising from the cancellation of the Hakata Station Sky City Project. - FY2024MaterialisedAnnual report
「We reduced the carrying amounts of the following fixed assets, including assets for which a decision had been made to discontinue or dispose of the business and assets for which the originally anticipated earnings could no longer be expected, to their recoverable amounts, and recognized the decrease for the current period as an impairment loss of ¥1,073 million under extraordinary losses.」
Recognized an impairment loss of ¥1,073 million due to declining profitability and decisions to dispose of fixed assets. - FY2023MaterialisedAnnual report
「As a result, we reduced the carrying amounts of the following fixed assets, including assets for which a decision had been made to discontinue or dispose of the business and assets for which the originally anticipated earnings could no longer be expected, to their recoverable amounts, and recognized the decrease for the current period as an impairment loss of ¥3,322 million under extraordinary losses.」
Recognized an impairment loss of ¥3,322 million on fixed assets due to declining profitability and business discontinuations. - FY2021-Q2Changes in accounting estimates based on COVID-19 assumptionsAnnual report
「Regarding the impact of COVID-19 in the fiscal year ending March 2021, based on information available at the current time, including income trends since the lifting of the state of emergency, we have made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, on the assumption that income would recover to a certain extent by the end of the fiscal year but that the impact would continue for a certain period into the following consolidated fiscal year.」
Changed the assumption to one in which the impact of COVID-19 would continue for a certain period into the following consolidated fiscal year, and estimated impairment accounting for fixed assets and the recoverability of deferred tax assets. - FY2019First statedAnnual report
「The Group owns many fixed assets, mainly land and other real estate. If changes in the business environment or declining profitability make it unlikely that the amount invested in these fixed assets can be recovered, it will be necessary to recognize impairment losses. In addition, if such assets are sold in the future for less than their carrying amounts, we may recognize losses on sale.」
Explicitly identified, across owned fixed assets generally and not only real estate development, the risks of impairment due to declining profitability and losses on sales below carrying value.