Impairment Losses Due to Declining Store Profitability
First written in FY2016. 8 of 17 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Ginza Renoir moved to the "Worse" side of this theme in 2017, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 19 of 22 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥203.917 million is recorded as an impairment loss under extraordinary losses.」
The number of stores subject to impairment losses increased from 9 stores in the previous fiscal year to 11 stores, and impairment losses increased from ¥154.028 million to ¥203.917 million. The accounting impact of declining store profitability is expanding. - FY2025Slightly higher impairment loss and fewer stores affectedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥154.028 million is recorded as an impairment loss under extraordinary losses.」
The number of stores subject to impairment losses decreased from 13 stores in the previous fiscal year to 9 stores, while impairment losses increased slightly from ¥153.589 million to ¥154.028 million. - FY2024Higher impairment loss and fewer stores affectedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥153.589 million is recorded as an impairment loss under extraordinary losses.」
The number of stores subject to impairment losses decreased from 22 stores in the previous fiscal year to 13 stores, while impairment losses increased from ¥147.597 million to ¥153.589 million. - FY2024-Q3MitigatedAnnual report
「Impairment loss ¥3.271 million －」
Compared with the ¥3.271 million impairment loss recorded in the same period of the previous year, the amount recorded during the third-quarter consolidated cumulative period was zero, reducing the accounting impact of declining store profitability. - FY2023WorsenedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥147.597 million is recorded as an impairment loss under extraordinary losses.」
The number of stores subject to impairment losses increased from 14 stores and ¥142.164 million in the previous fiscal year to 22 stores and ¥147.597 million, increasing both the number of stores affected and the accounting impact. - FY2023-Q3MitigatedAnnual report
「Impairment loss ¥16.979 million ¥3.271 million」
Impairment losses during the third-quarter consolidated cumulative period were ¥3.271 million, down from ¥16.979 million in the same period of the previous year. Impairment due to declining store profitability continues, but its accounting impact decreased. - FY2022MitigatedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥142.164 million is recorded as an impairment loss under extraordinary losses.」
Impairment losses decreased from ¥491.737 million and 32 stores in the previous fiscal year to ¥142.164 million and 14 stores. However, impairment losses due to declining store profitability continue to occur. - FY2022-Q3MitigatedAnnual report
「Impairment loss ¥42.973 million ¥16.979 million」
Impairment losses during the third-quarter consolidated cumulative period were ¥16.979 million, down from ¥42.973 million in the same period of the previous year. Impairment due to declining store profitability continues, but its accounting impact decreased year on year. - FY2021WorsenedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥491.737 million is recorded as an impairment loss under extraordinary losses.」
Impairment losses increased from ¥222.114 million in the previous fiscal year to ¥491.737 million, and the number of stores affected increased from 28 to 32. The accounting impact of declining store profitability is expanding. - FY2021-Q3WorsenedAnnual report
「Impairment loss － ¥42.973 million」
The company recorded an impairment loss of ¥42.973 million during the third-quarter consolidated cumulative period, although none had been recorded in the same period of the previous year, indicating that the accounting impact of declining store profitability continues to occur. - FY2020WorsenedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥222.114 million is recorded as an impairment loss under extraordinary losses.」
The number of stores subject to impairment losses increased from 10 stores in the previous fiscal year to 28 stores, and impairment losses increased from ¥220.794 million to ¥222.114 million. The accounting impact of declining store profitability expanded in terms of the number of stores affected. - FY2019MitigatedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥220.794 million is recorded as an impairment loss under extraordinary losses.」
The number of stores subject to impairment losses fell from 19 stores and ¥245.617 million in the previous fiscal year to 10 stores and ¥220.794 million in the current fiscal year, reducing both the accounting impact and the number of stores affected. However, impairment losses due to declining store profitability continue to occur. - FY2018WorsenedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥245.617 million is recorded as an impairment loss under extraordinary losses.」
The number of stores subject to impairment losses increased from 11 stores and ¥93.670 million in the previous fiscal year to 19 stores and ¥245.617 million in the current fiscal year, expanding the accounting impact of declining store profitability. - FY2017WorsenedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥93.670 million is recorded as an impairment loss under extraordinary losses.」
The impairment loss coverage increased from 9 stores and ¥30.718 million in the previous fiscal year to 11 stores and ¥93.670 million in the current fiscal year, expanding the accounting impact of declining store profitability. - FY2016First statedAnnual report
「For asset groups whose income or loss from operating activities has remained negative, the carrying amount is reduced to the recoverable amount, and the resulting reduction of ¥30.718 million is recorded as an impairment loss under extraordinary losses.」
The company recorded impairment losses for 9 stores during the current consolidated fiscal year, indicating that the risk of deteriorating store profitability has materialized in the accounting treatment.