Deteriorating Market Conditions and Impairment of Legacy Services
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022RestatedAnnual report
「At present, the Group has no assets or other items with significant latent losses, but losses could arise in the future depending on how its fixed assets and other assets are used.」
Continues to state that there are currently no significant latent losses while noting the potential for future impairment depending on the use of fixed assets and other factors. - FY2021RestatedAnnual report
「In the future, losses could arise for the Group depending on how its fixed assets and other assets are used.」
Continues to state that there are currently no significant latent losses while noting the potential for future impairment depending on the use of fixed assets and other factors. - FY2019RestatedAnnual report
「At present, the Group has no assets or other items with significant latent losses, but losses could arise in the future depending on how its fixed assets and other assets are used.」
Continues to state that there are no significant latent losses while noting the potential for future impairment depending on the use of fixed assets and other factors. - FY2017RestatedAnnual report
「During the previous consolidated fiscal year, due to deteriorating market conditions for certain legacy services, we recorded an impairment loss of ¥71 million as an extraordinary loss by reducing the carrying amount of the asset group associated with the relevant equipment. In addition, in connection with equipment upgrades, we reduced the carrying amount of equipment with a clearly identified scheduled disposal date to its recoverable amount and recorded the ¥29 million reduction in the machinery and equipment as an impairment loss and extraordinary loss. There were no corresponding items during the current consolidated fiscal year.」
Cites the ¥100 million impairment loss on legacy services and other assets in the previous fiscal year as a past event and states that no new impairment loss was recorded in the current fiscal year. - FY2016First statedAnnual report
「During the consolidated fiscal year, we recorded an impairment loss of ¥71 million for certain legacy services of a subsidiary due to deteriorating market conditions. In addition, for equipment clearly scheduled for disposal in connection with equipment upgrades, we reduced the carrying amount to the recoverable amount and recorded an impairment loss of ¥29 million.」
An impairment loss of ¥100 million on legacy services and other assets was actually recorded against a backdrop of deteriorating market conditions.