Declining Profitability of Fixed Assets and Impairment Risk
First written in FY2016. 8 of 14 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026.
Azuma Shipping moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 14 of 21 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Following the assessment, impairment losses of ¥102.711 million were recognized in the logistics segment and ¥28.844 million in the Other segment during the consolidated fiscal year.」
Total impairment losses on fixed assets amounted to ¥131.556 million, up from ¥83.956 million in the previous fiscal year. The disclosure also describes a decline in the recoverable amount of logistics business assets following the decision to sell them. - FY2026-H1WorsenedAnnual report
「Following the decision to sell the logistics business assets, significant changes occurred in their use or method of use that substantially reduced their recoverable amount. Accordingly, the carrying amount of the asset group was reduced to its recoverable amount, and the decrease was recognized as an impairment loss.」
The decision to sell the logistics business assets resulted in declines in their profitability and recoverable amount, and an impairment loss of ¥99.12 million was recognized. - FY2025WorsenedAnnual report
「Following the assessment, impairment losses of ¥10.545 million were recognized in the logistics segment, ¥71.917 million in the real estate segment and ¥1.493 million in the Other segment during the consolidated fiscal year.」
Total impairment losses on fixed assets amounted to ¥83.956 million, up from ¥62.590 million in the previous fiscal year. The real estate segment recognized ¥71.917 million, while the Other business also recognized ¥1.493 million. - FY2024MitigatedAnnual report
「Following the assessment, an impairment loss of ¥62.590 million was recognized in the logistics segment during the consolidated fiscal year.」
Although an impairment loss on fixed assets was recognized, it decreased substantially from ¥407.797 million in the previous fiscal year to ¥62.590 million. - FY2023WorsenedAnnual report
「Following the assessment, impairment losses of ¥401.719 million were recognized in the logistics segment and ¥6.078 million in the Other segment during the consolidated fiscal year.」
Impairment losses on fixed assets increased substantially from ¥71.408 million in the previous fiscal year to ¥407.797 million, indicating that declining profitability had materialized, primarily in the logistics segment. - FY2022MitigatedAnnual report
「Following the assessment, an impairment loss of ¥71.408 million was recognized in the logistics segment during the consolidated fiscal year.」
Although an impairment loss on fixed assets was recognized, it decreased substantially from ¥214.185 million in the previous fiscal year to ¥71.408 million. - FY2021MaterialisedAnnual report
「Because indications of impairment arose from declining profitability at the plant factory, we assessed future recoverability in accordance with the Accounting Standard for Impairment of Fixed Assets. As a result, during the consolidated fiscal year, the carrying amount of the plant factory facilities and other assets held by the Company was reduced to their recoverable amount, and ¥195 million was recognized as an impairment loss under extraordinary losses.」
The decline in plant factory profitability materialized as an impairment loss of ¥195.72 million. Total impairment losses, including those on real estate and logistics business assets, amounted to ¥214.185 million. - FY2019MaterialisedAnnual report
「Because indications of impairment arose from declining profitability at the plant factory, we assessed future recoverability in accordance with the Accounting Standard for Impairment of Fixed Assets. As a result, during the consolidated fiscal year, the carrying amount of the plant factory facilities and other assets held by the Company was reduced to their recoverable amount, and ¥472 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥472.518 million was recognized due to declining profitability at the plant factory, indicating that the risk of declining fixed-asset profitability had materialized. - FY2018MitigatedAnnual report
「During the consolidated fiscal year, an impairment loss of ¥7.474 million was recognized on logistics business assets.」
Although an impairment loss on fixed assets was recognized, it decreased from ¥28.395 million in the previous fiscal year to ¥7.474 million. The disclosure also states that operating income from logistics business assets remained negative. - FY2017WorsenedAnnual report
「Because operating income from the logistics business has remained negative, the carrying amount of the asset group was reduced to its recoverable amount, and the decrease was recognized as an impairment loss. The breakdown was ¥13.637 million for intangible lease assets, ¥6.789 million for machinery and equipment and vehicles, ¥2.906 million for tangible lease assets, ¥2.464 million for buildings and structures, ¥2.380 million for software, and ¥217 thousand for tools, furniture and fixtures.」
The impairment loss on logistics business assets was ¥28.395 million, up from ¥7.146 million in the previous fiscal year. The increase was attributed to continuing operating losses. - FY2017-Q2WorsenedAnnual report
「In the logistics business segment, an impairment loss was recognized. The impairment loss recognized during the first six months of the current second-quarter consolidated cumulative period was ¥11.609 million.」
An impairment loss of ¥11.609 million on fixed assets was recognized in the logistics business segment, quantifying the decline in fixed-asset profitability and impairment in the current quarter as well. - FY2016MaterialisedAnnual report
「If deterioration in market conditions causes the profitability of fixed assets to fall below estimates, it may become necessary to recognize an impairment loss.」
During the consolidated fiscal year, impairment losses totaling ¥7.146 million were recognized on logistics business assets and idle assets.