Impairment of Fixed Assets Due to Declining Profitability of the Yokohama Port Tourism Vessel Division
First written in FY2018. 2 of 2 entries say "Materialised", first in FY2018. Latest entry: FY2023.
Tokyo Kisen moved to the "Worse" side of this theme in 2018, 1 year after the typical company in this theme (2017).
2 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「Because passenger numbers in both the Yokohama Port sightseeing boat business and the car ferry business between Kurihama and Kanaya have remained depressed and have not returned to pre-pandemic levels, the company reduced the carrying amount of fixed assets to their recoverable amount and recognised the reduction of ¥37.963 million as an impairment loss under extraordinary losses.」
Passenger numbers in the passenger shipping business, including the Yokohama Port sightseeing boat business, have not returned to pre-pandemic levels, and the company recognised an impairment loss of ¥37.963 million. - FY2018MaterialisedAnnual report
「Based on the outlook for the future performance of the Yokohama Port sightseeing boat business within the passenger shipping business, the company determined that, given the current level of profitability, it was unlikely to recover the full carrying amount of the above assets through future cash flows. Accordingly, the full amount of ¥124.754 million was recognised as an impairment loss under extraordinary losses.」
The company recognised an impairment loss of ¥124.754 million on buildings, vessels, tools and equipment, and other assets due to declining profitability in the Yokohama Port sightseeing boat business.