Recognition of Impairment Losses on Fixed Assets and Quarterly Net Loss
First written in FY2016-Q2. 8 of 22 entries say "Restated". Latest entry: FY2023-Q3.
1 other company's latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「In the hotel business, the Company had been forced to contend with lower demand and restrictions on operating activities due to COVID-19. Following the transition on 8 May to Category 5 under the Infectious Diseases Control Act, the Company is assessing accounting estimates, including consideration of impairment losses on fixed assets, based on the assumption that the impact on its hotel business is limited.」
The assumption that the impact of infectious diseases on the hotel business is limited following the transition to Category 5, along with the continuation of consideration of impairment of fixed assets, is disclosed again. - FY2023-Q2MitigatedAnnual report
「In the hotel business, the Company had been forced to contend with lower demand and restrictions on operating activities due to COVID-19. Following the transition on 8 May to Category 5 under the Infectious Diseases Control Act, the Company is assessing accounting estimates, including consideration of impairment losses on fixed assets, based on the assumption that the impact on its hotel business is limited.」
The assumption regarding the impact of lower demand and restrictions on operating activities due to infectious diseases has changed to one that the impact on the hotel business is limited following the transition to Category 5. However, consideration of impairment of fixed assets continues. - FY2022RestatedAnnual report
「If the profitability of fixed assets declines and it is determined that the assets cannot generate sufficient cash flow, impairment must be recognized, which may affect the Company's operating results and financial position.」
The risk of impairment due to declining profitability of fixed assets continues to be disclosed as a major risk. - FY2021MitigatedAnnual report
「Impairment loss 230,518 -」
The ¥230.518 million impairment loss recognized in the previous fiscal year was not recognized in the current fiscal year. However, the risk of impairment of fixed assets itself continues to be disclosed. - FY2021-Q3RestatedAnnual report
「For the first 9 months of the current fiscal year (1 December 2020 to 31 August 2021), there were no applicable items.」
No impairment loss was recognized during the first 9 months of the current fiscal year, and the ¥200.748 million impairment loss recognized in the same period of the previous year did not recur. - FY2021-Q2MitigatedAnnual report
「For the first 6 months of the current fiscal year (1 December 2020 to 31 May 2021), there were no applicable items.」
No impairment loss was recognized during the first 6 months of the current fiscal year, and the ¥200.748 million impairment loss recognized in the same period of the previous year did not recur. However, a net loss for the quarter of ¥362.058 million was recorded. - FY2021-Q1RestatedAnnual report
「The Company has prepared accounting estimates, including consideration of impairment losses on fixed assets, and assessed cash flows related to the going-concern assumption, based on the assumption that conditions will gradually recover from the following quarter onward and converge toward normal levels in the fiscal year ending November 2023.」
Consideration of impairment losses on fixed assets in light of the impact of infectious diseases continues to be presented as an accounting estimate. - FY2020WorsenedAnnual report
「An impairment loss of ¥230.518 million was recognized in the current fiscal year.」
The impairment loss increased significantly from ¥13.344 million in the previous fiscal year, and impairment of fixed assets based on estimates that included the impact of infectious diseases occurred for the full fiscal year. - FY2020-Q3RestatedAnnual report
「For asset groups judged unlikely to recover their full carrying amounts because profit or loss from operating activities has remained negative, the carrying amounts were reduced to their recoverable amounts, and the reductions, totaling ¥200.748 million, were recognized as an impairment loss under extraordinary losses.」
The recognition of a ¥200.748 million impairment loss for the hotel business asset group continues to be disclosed, including its breakdown. - FY2020-Q2WorsenedAnnual report
「For asset groups judged unlikely to recover their full carrying amounts because profit or loss from operating activities has remained negative, the carrying amounts were reduced to their recoverable amounts, and the reductions, totaling ¥200.748 million, were recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥200.748 million was recognized for the hotel business asset group based on estimates that included the impact of COVID-19. - FY2019MaterialisedAnnual report
「Impairment loss - 13,344」
Although no impairment loss was recognized in the previous fiscal year, an impairment loss of ¥13.344 million was recognized in the current fiscal year, bringing the impairment risk back into the reported results. - FY2018MitigatedAnnual report
「Impairment loss 3,384,846 -」
No impairment loss was recognized in the current fiscal year, compared with ¥3,384.846 million recognized in the previous fiscal year, temporarily containing the occurrence of impairment losses. However, the risk of impairment of fixed assets itself continues to be disclosed. - FY2018-Q3Borrowing to fund capital investment explicitly disclosedAnnual report
「The Company needs to make capital investments, including guest-room renovations, to maintain the hotel as an operating facility. Capital investment is financed primarily through borrowings from financial institutions. If the profitability of fixed assets declines and it is determined that the assets cannot generate sufficient cash flow, impairment must be recognized, which may affect the Company's operating results and financial position.」
The Company continues to disclose the risk of impairment of fixed assets and explicitly states that capital investment, including guest-room renovations, is financed primarily through borrowings from financial institutions. - FY2018-Q2RestatedAnnual report
「If the profitability of fixed assets declines and it is determined that the assets cannot generate sufficient cash flow, impairment must be recognized, which may affect the Company's operating results and financial position.」
As capital investment, including guest-room renovations, continues, the risk of recognizing impairment due to declining profitability of fixed assets continues to be disclosed. - FY2018-Q1RestatedAnnual report
「If the profitability of fixed assets declines and it is determined that the assets cannot generate sufficient cash flow, impairment must be recognized, which may affect the Company's operating results and financial position.」
The recognition of impairment due to declining profitability of fixed assets continues to be disclosed as a separate risk that may affect operating results and financial position. - FY2017WorsenedAnnual report
「For asset groups judged unlikely to recover their full carrying amounts because profit or loss from operating activities has remained negative, the carrying amounts were reduced to their recoverable amounts, and the reductions, totaling ¥3,384.846 million, were recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥3,384.846 million was recorded, a significant increase from ¥351.437 million in the previous fiscal year. The sustained negative profit or loss from operating activities led to the assessment of the recoverability of the asset groups. - FY2017-Q3RestatedAnnual report
「Impairment loss 204,661 -」
No impairment loss was recognized during the first 9 months of the current fiscal year, compared with the impairment loss recognized in the same period of the previous year, and losses from impairment have remained contained. - FY2017-Q2MitigatedAnnual report
「Impairment loss 204,661 -」
No impairment loss was recognized during the first 6 months of the current fiscal year, compared with ¥204.661 million recognized in the same period of the previous year, and losses from impairment have remained contained. - FY2017-Q1MitigatedAnnual report
「For the first quarter of the current fiscal year (1 December 2016 to 28 February 2017), there were no applicable items.」
No impairment loss was recognized in the first quarter, compared with ¥204.661 million recognized in the same period of the previous year, temporarily reducing losses from impairment. - FY2016WorsenedAnnual report
「Impairment loss of ¥351.437 million」
The impairment loss increased from ¥4.888 million in the previous fiscal year to ¥351.437 million, and a net loss for the fiscal year of ¥940.397 million was also recorded. - FY2016-Q3WorsenedAnnual report
「Net loss for the first 9 months of the current fiscal year was ¥372.853 million, an increase in the loss of ¥337.261 million year on year.」
An impairment loss on fixed assets of ¥204.661 million was recognized, and the net loss for the quarter widened from the same period of the previous year. - FY2016-Q2MaterialisedAnnual report
「Net loss for the first 6 months of the current fiscal year was ¥105.759 million, compared with a net loss for the quarter of ¥19.098 million in the same period of the previous year.」
An impairment loss of ¥204.661 million was recognized in the quarter, and the net loss widened from the same period of the previous year.