Impairment of core information systems and other assets due to weakness in the individual travel business
First written in FY2017. 6 of 18 entries say "Worsened", first in FY2019. Latest entry: FY2026.
KNT-CT Holdings moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 22 of 52 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026No impairment lossesAnnual report
「For the consolidated fiscal year (from 1 April 2025 to 31 March 2026), there were no applicable matters.」
Compared with the ¥39 million impairment loss recorded in the previous fiscal year, no impairment loss was recorded in the current fiscal year. - FY2024Impairment loss recognized for the full fiscal yearAnnual report
「Impairment loss 24」
Although impairment losses were zero for the cumulative third quarter, an impairment loss of ¥24 million was recorded for security deposits and other assets for the full fiscal year. - FY2024-Q3Impairments and reform-related expenses eliminated in the cumulative third quarterAnnual report
「Business structural reform-related expenses 45 - Impairment losses 0 -」
No business structural reform-related expenses or impairment losses were recorded for the cumulative third quarter. The ¥45 million in business structural reform-related expenses recorded in the same period of the previous year was also eliminated. - FY2023Impairment losses and reform-related expenses recordedAnnual report
「Business structural reform-related expenses: ¥344 million; impairment losses: ¥31 million」
This fiscal year also saw the recognition of ¥344 million in business structural reform-related expenses and ¥31 million in impairment losses, although the latter decreased from ¥711 million in the previous fiscal year. - FY2023-Q3Zero impairment losses; reform-related expenses decreasedAnnual report
「Business structural reform-related expenses 45 Impairment losses 0」
For the cumulative third quarter, business structural reform-related expenses were ¥45 million and impairment losses were ¥0 million, down from ¥328 million in reform-related expenses and ¥530 million in impairment losses in the same period of the previous year. - FY2023-Q1No impairment or reform-related expenses in the quarterAnnual report
「Cumulative first quarter of the consolidated fiscal year (1 April 2022 to 30 June 2022): No applicable items.」
No impairment losses on core information systems and other assets or business structural reform-related expenses, which had continued through the previous fiscal year, were recorded in the first quarter. - FY2022Impairments and business structural reform-related expenses decreasedAnnual report
「The consolidated fiscal year (1 April 2021 to 31 March 2022)」
This fiscal year, recorded impairment losses of ¥711 million and business structural reform-related expenses of ¥485 million, down from impairment losses of ¥3,649 million and business structural reform-related expenses of ¥7,189 million in the previous fiscal year. Meanwhile, the recognition of impairments and reform-related expenses continued. - FY2022-Q3Continued recognition of impairments and business structural reform-related expensesAnnual report
「Of the ¥681 million impairment-related amount recorded, ¥530 million was recorded as impairment losses and ¥151 million as business structural reform-related expenses, both as extraordinary losses.」
For the cumulative third quarter, impairment losses were recorded on core information systems and other assets and operating assets, with ¥530 million in impairment losses and ¥151 million in business structural reform-related expenses included in extraordinary losses. - FY2022-Q2Continued impairments and recognition of business structural reform-related expensesAnnual report
「Cumulative second quarter of the consolidated fiscal year (1 April 2021 to 30 September 2021)」
For the cumulative second quarter, recognized impairment losses of ¥271 million on operating assets and ¥268 million on group companies' core information systems and other assets. Of the ¥540 million related to impairments, ¥390 million was recorded as impairment losses and ¥149 million as business structural reform-related expenses. - FY2022-Q1Impairments continued, but the scale decreasedAnnual report
「For asset groups for which it was determined that a short-term recovery in performance would be difficult due to a significant deterioration in the operating environment, the carrying amounts of group companies' core information systems and other assets were written down to their recoverable amounts.」
Impairments of core information systems and other assets continued, with ¥101 million recorded in the quarter and ¥301 million in impairment losses including operating assets. The issue has continued from the previous fiscal year, but the amount decreased from the ¥367 million impairment loss recorded in the first quarter of the previous fiscal year. - FY2021WorsenedAnnual report
「The Company recognized impairment losses on asset groups for which it judged that short-term performance recovery would be difficult because of the significant deterioration in the operating environment, including core information systems and other assets of Group companies.」
Recorded an impairment loss of ¥2,895 million on core information systems and other assets and ¥3,649 million in total including operating assets. Impairments increased from the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「The Company recognized impairment losses on asset groups for which it judged that short-term performance recovery would be difficult because of the significant deterioration in the operating environment, including core information systems and other assets of Group companies.」
Recorded an impairment loss of ¥3,571 million, including ¥2,822 million on core information systems and other assets, due to a significant deterioration in the operating environment and the difficulty of achieving a short-term recovery in performance. - FY2021-Q2WorsenedAnnual report
「The Company recognized impairment losses on asset groups for which it judged that short-term performance recovery would be difficult because of the significant deterioration in the operating environment, including core information systems and other assets of Group companies.」
In the second quarter, recorded impairment losses of ¥638 million on core information systems and other assets and ¥43 million on operating assets, for a total of ¥681 million. Impairments continue to be recorded due to a significant deterioration in the operating environment and the difficulty of achieving a short-term recovery. - FY2021-Q1WorsenedAnnual report
「The Company recognized impairment losses on asset groups for which it judged that short-term performance recovery would be difficult because of the significant deterioration in the operating environment, including core information systems and other assets of Group companies.」
Recorded an impairment loss of ¥350 million on group companies' core information systems and other assets, and ¥367 million in total including operating assets, due to a significant deterioration in the operating environment and the difficulty of achieving a short-term recovery in performance. - FY2020WorsenedAnnual report
「The Company recognized impairment losses on asset groups for which it judged that short-term performance recovery would be difficult because of the significant deterioration in the operating environment, including core information systems and other assets of Group companies.」
Recorded an impairment loss of ¥1,007 million on core information systems and other assets due to a significant deterioration in the operating environment and the difficulty of achieving a short-term recovery in performance. - FY2019WorsenedAnnual report
「The Group recognized impairment losses on core information systems and other assets of Group companies in light of the weak performance of the individual travel business and the delayed recovery.」
The Company recognized an impairment loss of ¥1.501 billion on core information systems and other assets of Group companies due to weakness in the individual travel business and the delayed recovery, bringing total impairment losses, including this impairment, to ¥1.566 billion. - FY2018ReframedAnnual report
「Business-use assets in Tokyo, including the head office, were affected by the reduction of security deposits based on estimated restoration costs associated with the relocation of the head office and other measures accompanying the Company's business restructuring, and the reduction was recognized as an impairment loss.」
The nature of impairment losses changed from large-scale impairment of core information systems and other assets recognized in the previous fiscal year due to weakness in the individual travel business to impairment of business-use assets associated with business restructuring, including the head-office relocation, in the current fiscal year. The impairment amount also narrowed from ¥3.845 billion to ¥209 million. - FY2017First statedAnnual report
「The Group recognized impairment losses on core information systems and other assets of Group companies in light of the weak performance of the individual travel business and the delayed recovery.」
The Company recognized impairment losses on core information systems and other assets of Group companies because of the delayed recovery in the individual travel business.