Impairment of fixed assets due to declining profitability in the car ferry, retail store and cafeteria businesses
First written in FY2020-Q2. 2 of 6 entries say "Restated". Latest entry: FY2025.
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- FY2025MitigatedAnnual report
「In the passenger shipping business, the carrying amount of fixed assets in the car ferry operations between Kurihama and Kanaya and in the concession and restaurant businesses, mainly at ferry terminals, was reduced to the recoverable amount because passenger numbers continued to stagnate due to a decline in group passengers and other factors. The resulting decrease of ¥15,502 thousand was recorded as an impairment loss under extraordinary losses.」
Impairment due to sluggish passenger numbers continued, but the impairment loss decreased from ¥25,990 thousand in the previous fiscal year to ¥15,502 thousand. This includes ¥182 thousand related to the concession and restaurant businesses. - 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.」
As sluggish passenger numbers in the passenger shipping business continued, an impairment loss on fixed assets of ¥37,963 thousand was recorded following the impairment loss recognized in the previous fiscal year. - FY2022MaterialisedAnnual report
「In the passenger shipping business, profitability in the car ferry operations and the concession and restaurant businesses, mainly at ferry terminals, declined substantially due to a significant decrease in passengers caused by COVID-19 and other factors. Accordingly, the carrying amount of fixed assets was reduced to their recoverable amount, and the decrease of ¥50,984 thousand was recorded as an impairment loss under extraordinary losses.」
A ¥50,984 thousand impairment loss on fixed assets was newly recorded due to the decrease in passengers and lower profitability in the car ferry operations and the concession and restaurant businesses. - FY2020RestatedAnnual report
「In the passenger shipping business, profitability in the car ferry operations and the concession and restaurant businesses, mainly at ferry terminals, declined substantially due to sluggish passenger numbers and the effects of typhoons and other natural disasters. Accordingly, the carrying amount of fixed assets was reduced to their recoverable amount, and the decrease of ¥214,278 thousand was recorded as an impairment loss under extraordinary losses.」
The annual report reconfirms the recording of impairment losses of ¥203,170 thousand in the car ferry operations and ¥11,107 thousand in the concession and restaurant businesses, for a total of ¥214,278 thousand. - FY2020-Q3RestatedAnnual report
「In the passenger shipping business, profitability in the car ferry operations and the concession and restaurant businesses, mainly at ferry terminals, declined substantially due to sluggish passenger numbers and the effects of typhoons and other natural disasters. Accordingly, the carrying amount of fixed assets was reduced to their recoverable amount, and the decrease of ¥214,278 thousand was recorded as an impairment loss under extraordinary losses.」
The recording of a ¥214,278 thousand impairment loss for the car ferry operations and the concession and restaurant businesses due to sluggish passenger numbers and lower profitability caused by natural disasters is being reconfirmed. - FY2020-Q2First statedAnnual report
「In the passenger shipping business, profitability in the car ferry operations and the concession and restaurant businesses, mainly at ferry terminals, declined substantially due to sluggish passenger numbers and the effects of typhoons and other natural disasters. Accordingly, the carrying amount of fixed assets was reduced to their recoverable amount, and the decrease of ¥214,278 thousand was recorded as an impairment loss under extraordinary losses.」
Impairment losses of ¥203,170 thousand in the car ferry operations and ¥11,107 thousand in the concession and restaurant businesses were recorded. Profitability declined substantially due to sluggish passenger numbers and typhoons and other natural disasters, materializing as impairment of fixed assets.