Impairment risk for goodwill and non-financial assets
First written in FY2023. 2 of 3 entries say "Materialised", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2025MaterialisedAnnual report
「The impairment loss recognized during the current consolidated fiscal year resulted from reducing the carrying amount of the relevant assets to their recoverable amount because the future cash flows assumed in the previous business plans could no longer be expected for locations belonging to the bridal business.」
The company recognized an impairment loss of ¥186,577 thousand on Kumamoto Monolith, meaning the non-financial asset impairment risk continued to materialize as an actual loss. The amount decreased from ¥380,751 thousand in the previous year. - FY2024MaterialisedAnnual report
「We recognized an impairment loss of ¥380 million due to deteriorating profitability at certain stores.」
The non-financial asset impairment risk materialized as impairment losses totaling ¥380,751 thousand at Kumamoto Monolith, Gifu Monolith, Amandan Sail, Himeji Monolith and other locations. - FY2023First statedAnnual report
「As of 31 December 2023, our group had recorded ¥11,203 million in goodwill, mainly arising from the LBO in December 2016, on the consolidated statement of financial position, in addition to other tangible and intangible non-financial assets.」
While holding substantial goodwill and other assets, the company recognized a ¥16 million impairment loss on Amandan Rise in the bridal business during the fiscal year, demonstrating that the risk had materialized as an actual loss.