Impairment of Fixed Assets Due to Declining Store Profitability
First written in FY2018. 11 of 20 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2017: 10 of 13 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Information on impairment losses on fixed assets or goodwill and other assets by reporting segment: Not applicable.」
The segment information for the current interim consolidated accounting period does not report any impairment loss on fixed assets. - 2026-07-08MitigatedEarnings
「2 Information on impairment losses on fixed assets or goodwill by reportable segment Not applicable.」
No impairment loss on fixed assets was reported in the segment information for the first quarter. - FY2026MitigatedAnnual report
「The reduction was recorded as an impairment loss of ¥65.644 million under extraordinary losses.」
The impairment loss declined from ¥94.469 million in the previous fiscal year to ¥65.644 million. However, impairment losses of ¥50.363 million in the Retail Business and ¥15.280 million in the Retail-Related Business continue to occur. - FY2025MitigatedAnnual report
「The carrying amounts of asset groups that have continued to generate negative income from operating activities, and asset groups whose land has experienced a significant decline in fair value, were reduced to their recoverable amounts. The reductions, totaling ¥94.469 million, were recorded as impairment losses under extraordinary losses.」
The impairment loss declined from ¥454.533 million in the previous fiscal year to ¥94.469 million. However, impairment losses due to declining profitability at stores and other locations continue to occur. - FY2025-H1MitigatedAnnual report
「Information on impairment losses on fixed assets or goodwill and other assets by reporting segment: Not applicable.」
The segment information for the current interim consolidated accounting period does not indicate any impairment loss on fixed assets. While an impairment loss of ¥454.533 million was recorded for the full previous fiscal year, none has been identified in the current interim period. - FY2024WorsenedAnnual report
「The carrying amounts of asset groups that have continued to generate negative income from operating activities, and asset groups whose land has experienced a significant decline in fair value, were reduced to their recoverable amounts. The reductions, totaling ¥454.533 million, were recorded as impairment losses under extraordinary losses.」
The impairment loss increased from ¥273.079 million in the previous fiscal year to ¥454.533 million, reflecting an increase in losses due to declining profitability at stores and other locations or falling land values. - FY2024-Q3MaterialisedAnnual report
「The amount of impairment loss on fixed assets recorded for each reporting segment was ¥235.113 million for the Retail Business.」
The Retail Business recorded an impairment loss on fixed assets of ¥235.113 million. Impairment losses also occurred in the previous full fiscal year, indicating that risks associated with declining profitability at stores and other locations or falling asset values also materialized during the current cumulative quarter. - FY2023MitigatedAnnual report
「The carrying amounts of asset groups that have continued to generate negative income from operating activities, and asset groups whose land has experienced a significant decline in fair value, were reduced to their recoverable amounts. The reductions, totaling ¥273.079 million, were recorded as impairment losses under extraordinary losses.」
The impairment loss declined from ¥710.783 million in the previous fiscal year to ¥273.079 million. However, impairment losses due to declining profitability at stores and other factors, or falling land values, continue to occur. - FY2023-Q1RestatedAnnual report
「Information on impairment losses on fixed assets or goodwill and other assets by reporting segment: Not applicable.」
The segment information for the cumulative first quarter of the current consolidated fiscal year contains no mention of impairment losses on fixed assets. - FY2022-Q3RestatedAnnual report
「Information on impairment losses on fixed assets or goodwill and other assets by reporting segment: Not applicable.」
The segment information for the cumulative third quarter does not indicate any impairment loss on fixed assets. - FY2022-Q1MitigatedAnnual report
「Information on impairment losses on fixed assets or goodwill and other assets by reporting segment: Not applicable.」
The segment information for the cumulative first quarter indicates no impairment loss on fixed assets. While an impairment loss of ¥497.2 million was recorded for the full previous fiscal year, none has been identified in the current quarter. - FY2021WorsenedAnnual report
「For asset groups with continued negative profit or loss from operating activities, and asset groups whose land has experienced a significant decline in fair value, the company reduced their carrying amounts to recoverable amounts and recognized the reductions, totaling ¥497,200 thousand, as impairment losses under extraordinary losses.」
Impairment losses increased from ¥138,066 thousand in the previous fiscal year to ¥497,200 thousand. Losses due to declining profitability or fair values at stores and land have expanded. - FY2021-Q1MitigatedAnnual report
「Information on impairment losses on fixed assets or goodwill and other assets by reporting segment: Not applicable.」
The segment information for the cumulative first quarter of the current consolidated fiscal year contains no mention of impairment losses on fixed assets. - FY2020WorsenedAnnual report
「For asset groups with continued negative profit or loss from operating activities, and asset groups whose land has experienced a significant decline in fair value, the company reduced their carrying amounts to recoverable amounts and recognized the reductions, totaling ¥138,066 thousand, as impairment losses under extraordinary losses.」
Impairment losses due to declining profitability at stores and other assets and declining land fair values continued to arise, increasing from ¥118,969 thousand in the previous fiscal year to ¥138,066 thousand. - FY2020-Q3MaterialisedAnnual report
「For property, plant and equipment in the Retail Business segment, the carrying amount of assets scheduled for sale was reduced to their recoverable amount. The impairment loss recognized for the first nine months of the current consolidated fiscal year was ¥34.808 million.」
Impairment losses on fixed assets actually arose due to declining store profitability and plans to sell stores, and ¥34,808 thousand was recorded under extraordinary losses. - FY2020-Q1MitigatedAnnual report
「Information on impairment losses on fixed assets or goodwill and other assets by reporting segment: Not applicable.」
The segment information for the cumulative first quarter of the current consolidated fiscal year contains no mention of impairment losses on fixed assets, and no impairment losses incurred in the previous full fiscal year were identified in the quarter. - FY2019Reduction in impairment lossesAnnual report
「For asset groups with continued negative profit or loss from operating activities, and asset groups whose land has experienced a significant decline in fair value, the company reduced their carrying amounts to recoverable amounts and recognized the reductions, totaling ¥118,969 thousand, as impairment losses under extraordinary losses.」
Impairment losses due to declining store profitability and other factors continued to arise, but decreased from ¥699,807 thousand in the previous consolidated fiscal year to ¥118,969 thousand. - FY2018First statedAnnual report
「The Group applies the Accounting Standard for Impairment of Fixed Assets. However, if the value of the Group’s assets declines significantly, or if stores with reduced profitability arise due to changes in the operating environment, the application of impairment accounting could result in impairment losses on fixed assets and affect the Group’s operating results and financial condition. The company recognized ¥699,807 thousand as an impairment loss and recorded it under extraordinary losses.」
The company identifies impairment risk due to declining store profitability and other factors as an independent item, and actually recognized an impairment loss of ¥699,807 thousand in the retail business during the fiscal year.