Risk of Continued Losses and Impairment in New Businesses, Including Food Service
First written in FY2019. 1 of 2 entries say "Worsened", first in FY2020. Latest entry: FY2020.
San Holdings moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「For the asset groups in Amagasaki, Hyogo Prefecture, Setagaya, Tokyo, and Minoh, Osaka Prefecture, operating results generated by business activities have remained negative. Accordingly, the carrying amounts of the asset groups were reduced to their recoverable amounts, and the resulting reduction of ¥138.620 million was recorded as an extraordinary loss under impairment losses.」
In addition to the existing ramen restaurants and other businesses, impairment losses attributable to recurring operating losses arose at funeral halls and nursing care facilities, increasing total impairment losses for the current fiscal year to ¥150.818 million. - FY2019First statedAnnual report
「The ¥59 million impairment loss relates to the “Koeisha Koshienguchi Hall” and two ramen restaurants, among others. We will work to improve the profitability of each business going forward.」
The Company states that an impairment loss of ¥59 million was actually incurred for two ramen restaurants and other businesses among its new businesses, due to recurring operating losses.