Impairment losses recognized due to declining store profitability
First written in FY2019. 3 of 4 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Ku Holdings moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 25 of 32 companies on the "Worse" side.
15 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「There were no assets or asset groups identified as having indicators of impairment.」
Although impairment losses of ¥88 million were recorded at 2 stores in the previous fiscal year, the Company stated that no assets or asset groups with indicators of impairment were identified in the current fiscal year. - FY2023MaterialisedAnnual report
「For the operating assets of these 3 stores, impairment was recognized because undiscounted future cash flows were below the carrying amount. As value in use was below net selling value, net selling value was used as the recoverable amount, and an impairment loss of ¥360 million was recorded in the consolidated income statement.」
The Company recorded impairment losses of ¥360 million at 3 stores in Joetsu, Niigata Prefecture, Hiratsuka, Kanagawa Prefecture, and Asao Ward, Kawasaki, due to declining profitability. The scope and amount increased from 1 store and ¥125 million in the previous fiscal year. - FY2022MaterialisedAnnual report
「For the operating assets of one store in Chuo Ward, Niigata City, impairment was recognized because undiscounted future cash flows were below the carrying amount. As value in use was below net selling value, net selling value was used as the recoverable amount, and an impairment loss of ¥125 million was recorded in the consolidated income statement.」
The Company recorded an impairment loss of ¥125 million at a store in Chuo Ward, Niigata City, due to declining profitability. Indicators of impairment were identified at 3 stores, but an impairment loss was recognized at only 1 store. - FY2019MaterialisedAnnual report
「The carrying amount of the above asset group, whose profitability had declined, was reduced to its recoverable amount, and the decrease of ¥89 million was recorded as an impairment loss under extraordinary losses.」
The Company recorded impairment losses of ¥89 million on operating assets in Sendai and Sagamihara due to declining profitability.