Impact of Fixed Asset Impairment on Financial Position and Operating Results
First written in FY2020. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 66 of 128 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The Group holds substantial operating fixed assets, such as warehouses and land. If, due to changes in the business environment or other factors, it becomes impossible to recover the investment because of declining profitability, impairment losses may arise from the application of impairment accounting and could affect the Group's financial position and operating results.」
The risk of declining profitability of fixed assets and impairment losses continues to be disclosed. - FY2022RestatedAnnual report
「When there are indications of impairment of property, plant and equipment or other assets, it is necessary to determine whether an impairment loss should be recognized. However, estimates of future cash flows for the individual items of property, plant and equipment and other assets used in making this determination involve a high degree of uncertainty, and impairment losses may need to be recognized as a result of future changes in the business environment or other factors.」
The risk of declining profitability of fixed assets and impairment losses continues to be disclosed as a significant accounting estimate. - FY2021RestatedAnnual report
「When there are indications of impairment of property, plant and equipment or other assets, it is necessary to determine whether an impairment loss should be recognized. However, estimates of future cash flows for the individual items of property, plant and equipment and other assets used in making this determination involve a high degree of uncertainty, and impairment losses may need to be recognized as a result of future changes in the business environment or other factors.」
The risk of declining profitability of fixed assets and impairment losses continues to be disclosed as a significant accounting estimate. - FY2020First statedAnnual report
「The Group holds substantial operating fixed assets, such as warehouses and land. If, due to changes in the business environment or other factors, it becomes impossible to recover the investment because of declining profitability, impairment losses may arise from the application of impairment accounting and could affect the Group's financial position and operating results.」
The decline in profitability of operating fixed assets such as warehouses and land, and the resulting impairment losses, are presented independently for the first time as risks that could affect the financial position and operating results.