Impairment Risk Materializes for Rental Assets
First written in FY2022. 3 of 10 entries say "Materialised", first in FY2022. Latest entry: FY2026.
airCloset moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「During the fiscal year, no impairment indicators were identified for the airCloset business. However, because impairment indicators were identified for the asset groups associated with the other businesses, including new businesses, the Company examined whether an impairment loss needed to be recognized. As it determined that the total undiscounted future cash flows exceeded the carrying amounts, no impairment loss was recorded.」
The company has not recorded impairment losses in the airCloset business, while reaffirming its explanation that there are indications of impairment in other businesses, including new businesses. - FY2025MitigatedAnnual report
「During the fiscal year, no impairment indicators were identified for the airCloset business. However, because impairment indicators were identified for the asset groups associated with the other businesses, including new businesses, the Company examined whether an impairment loss needed to be recognized. As it determined that the total undiscounted future cash flows exceeded the carrying amounts, no impairment loss was recorded.」
For rental assets on which impairment losses had been recognized in prior fiscal years, the Company states that no impairment indicators were identified for the airCloset business in the fiscal year ended June 2025 and that no impairment loss was recorded. Indicators remain present, however, for the other businesses, including new businesses. - FY2025-H1Review of useful life to 24 monthsAnnual report
「Rental assets held by the company had traditionally been depreciated over a useful life of 18 months. However, based on the extended actual period of use of the rental assets, we reviewed their useful life from the interim accounting period and changed it to 24 months on a prospective basis. As a result, compared with the previous method, operating income, ordinary income and pretax interim net income for the interim accounting period each increased by ¥76.708 million.」
States that the useful life of rental assets was reviewed from 18 months to 24 months, increasing operating income and other items by ¥76.708 million. - FY2023MaterialisedAnnual report
「During the fiscal year, we recognized an impairment loss of ¥125.177 million, using value in use as the recoverable amount, as stated in Note 2, “Impairment Loss,” under “Notes to the Profit and Loss Statement.”」
Also recognized an impairment loss of ¥125.177 million on rental assets in FY2023. Their useful life was reviewed from 12 months to 18 months based on the extended actual period of use. - FY2023-Q3Application of the change in useful lifeAnnual report
「Rental assets held by the company had traditionally been depreciated over a useful life of 12 months. However, based on the extended actual period of use of the rental assets, we reviewed their useful life from the first quarter and changed it to 18 months on a prospective basis. As a result, compared with the previous method, operating loss and ordinary loss for the nine months ended the third quarter decreased by ¥21.503 million, while pretax interim net loss decreased by ¥81.206 million.」
States that the useful life of rental assets was changed from 12 months to 18 months based on the results for the nine months ended the third quarter, and shows the impact on operating loss and other items. It also recognized an impairment loss of ¥47.584 million. - FY2023-Q2RestatedAnnual report
「Impairment loss of ¥47.584 million」
Also recognized an impairment loss of ¥47.584 million on rental assets and other assets during the cumulative period through the second quarter. - FY2023-Q1MaterialisedAnnual report
「Impairment loss of ¥47.584 million」
Also recognized an impairment loss of ¥47.584 million on rental assets and other assets during the cumulative period through the first quarter, additionally disclosing the occurrence of impairment. - FY2022MaterialisedAnnual report
「During the fiscal year, we recognized an impairment loss of ¥308.114 million, using value in use as the recoverable amount, as stated in Note 2, “Impairment Loss,” under “Notes to the Profit and Loss Statement.”」
Recognized an impairment loss of ¥308.114 million on rental assets in the fiscal year ended June 2022, and changed their useful lives from 12 months to 18 months from the following fiscal year.