Impairment of Operating Assets Due to Lower Profitability
First written in FY2016. 6 of 12 entries say "Materialised", first in FY2016. Latest entry: FY2026.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「With respect to goodwill, because the fair value of the Cavalier Logistics group based on its latest business plan fell below its carrying amount, the entire goodwill balance was recognized as an impairment loss and recorded as an extraordinary loss.」
An impairment loss of ¥4,927 million was recorded on goodwill relating to the Cavalier Logistics group, reflecting the materialization of declining profitability in the acquisition-related assets. - FY2025WorsenedAnnual report
「For the fiscal year ended March 2025, the Company recorded an impairment loss of ¥87 million as an extraordinary loss on container terminal facilities and other property, plant and equipment of the Group whose profitability had declined.」
The decline in the profitability of the container terminal facilities materialized, resulting in the recognition of an ¥87 million impairment loss. - FY2024WorsenedAnnual report
「Goodwill and customer-related assets consist of goodwill of ¥6,162 million and customer-related assets of ¥20,334 million recorded at the consolidated subsidiary Project Hermes Holding Company, arising primarily from its acquisition of all issued shares of the Cavalier Logistics group. Future cash flows and other amounts are estimated based on the company's future business plans, which are subject to unavoidable uncertainty. Depending on developments going forward, they may have a material impact on the consolidated financial statements for the next consolidated fiscal year.」
The acquisition of the Cavalier Logistics group resulted in the recognition of ¥6,162 million in goodwill and ¥20,334 million in customer-related assets, with the impairment assessment potentially materially affected by estimates of future cash flows. - FY2021MitigatedAnnual report
「For the fiscal year ended March 2021, we recorded an impairment loss of ¥81 million as an extraordinary loss on buildings and other assets at our real estate rental facilities whose profitability had declined.」
The impairment loss attributable to declining profitability continued, but decreased from ¥162 million in the previous fiscal year to ¥81 million. - FY2020WorsenedAnnual report
「For the fiscal year ended March 2020, we recorded an impairment loss of ¥162 million as an extraordinary loss on warehouses and other facilities, including buildings, whose profitability had declined.」
The impairment loss on warehouse facilities and other assets due to declining profitability was ¥162 million, up from ¥69 million in the previous fiscal year. - FY2019MaterialisedAnnual report
「For the fiscal year ended March 2019, we recorded an impairment loss of ¥69 million as an extraordinary loss on warehouses and other facilities, including buildings, whose redevelopment had been decided.」
An impairment loss of ¥69 million was recorded on warehouse facilities in Yokkaichi, Mie Prefecture, for which redevelopment had been decided. - FY2019-Q2MaterialisedAnnual report
「Impairment loss - 69」
An impairment loss of ¥69 million was recorded for the cumulative second quarter, showing that declining profitability of business-use assets has materialized. - FY2018MaterialisedAnnual report
「For the fiscal year ended March 2018, we recorded an impairment loss of ¥147 million as an extraordinary loss on warehouses and other facilities, including buildings, whose profitability had declined.」
An impairment loss of ¥147 million due to declining profitability was recorded on warehouses and other facilities in Kobe, Fukuoka and the Netherlands in the current fiscal year. - FY2017MaterialisedAnnual report
「For the fiscal year ended March 2017, we recorded an impairment loss of ¥193 million as an extraordinary loss on buildings and other assets at our real estate rental facilities whose profitability had declined.」
Following the logistics facilities in the previous fiscal year, an impairment loss of ¥193 million was recorded in the current fiscal year on real estate rental facilities due to declining profitability. - FY2016MaterialisedAnnual report
「For the fiscal year ended March 2016, we recorded an impairment loss of ¥1,013 million as an extraordinary loss on warehouses and other facilities used in our warehouse business, including buildings and machinery and equipment, whose profitability had declined.」
The decline in the profitability of warehouse business facilities materialized, and an impairment loss of ¥1,013 million was recorded.