Impairment Losses Due to Declining Profitability at Sales Offices
First written in FY2019. 2 of 5 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2025.
K.R.S. moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 43 of 77 companies on the "Worse" side.
28 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The company has determined that there were no indications of impairment of goodwill or customer-related assets during the consolidated fiscal year.」
Although impairment risk for fixed assets continues to be disclosed, the company determined that there were no indications of impairment of goodwill or customer-related assets during the year and recorded no impairment loss. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, as a decline in the profitability of the above branch office was identified, the carrying amount of the asset group was reduced to its recoverable amount, and the reduction of ¥3,447 million was recorded as an impairment loss.」
Impairment due to declining branch-office profitability actually occurred at the branch office in Tokorozawa, Saitama Prefecture, and an impairment loss of ¥3.447 billion was recorded. The affected location changed from the previous case involving the Kawagoe branch office. - FY2022ReframedAnnual report
「If the value of these assets declines or future cash flows are no longer expected to be generated as anticipated, impairment accounting may be required, which could affect the performance and financial condition of the group.」
The risk has been reframed from impairment risk related to declining profitability at branch offices to impairment risk covering fixed assets generally, including property, plant and equipment, intangible assets, and goodwill. Although no impairment loss was recorded during the year, the company states that certain assets of the joint logistics business and KIAT ANANDA GROUP show indications of impairment. - FY2021-Q3MaterialisedAnnual report
「During the third-quarter consolidated cumulative period, as the company decided to close the above branch office, the carrying amount of the asset was reduced to its recoverable amount, and the reduction of ¥44 million was recorded as an impairment loss.」
The company decided to close the branch office in Kawagoe, Saitama Prefecture, and recorded an impairment loss of ¥44 million on buildings and other assets. The risk associated with declining branch-office profitability continues to occur as a loss. - FY2019First statedAnnual report
「During the consolidated fiscal year, as a decline in the profitability of the above branch office was identified, the carrying amount of the asset group was reduced to its recoverable amount, and the reduction of ¥36 million was recorded as an impairment loss.」
As a decline in profitability was identified at the branch office in Kawagoe, Saitama Prefecture, an impairment loss of ¥36 million was recorded on buildings and other assets. The decline in branch-office profitability materialized as a loss for the first time.