Declining profitability and impairment losses at Imperial Hotel Osaka
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2025-H1.
1 other company's latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It was determined that there had been no material change in the major risks related to declining profitability and impairment loss at Imperial Hotel Osaka. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was determined that there had been no material change in the major risks related to declining profitability and impairment loss at Imperial Hotel Osaka. - FY2021MaterialisedAnnual report
「Based on a medium- to long-term outlook for the future operating environment of Imperial Hotel Osaka, we recorded an impairment loss of ¥1,096 million after determining that, due to declining profitability, it was not possible to recover the carrying amount in the future.」
Because declining profitability at Imperial Hotel Osaka led to the determination that future cash flows could not be expected, an impairment loss of ¥1,096 million was recorded.