Impairment and Closure Risks at Unprofitable Stores
First written in FY2016. 19 of 36 entries say "Restated". Latest entry: FY2026.
Verite 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 2024: 19 of 32 companies on the "Worse" side.
11 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Fiscal year ending 31 March 2026 Store assets Buildings Tools, equipment and fixtures Tohoku region － Kanto region 21 Chubu region － Kinki region 16 Chugoku region － Total 38」
In FY2026, the Company recognized ¥38 million in impairment losses on store assets in the Kanto and Kinki regions, up from ¥1 million in the previous fiscal year. Risks related to unprofitable stores and store closures had materialized as actual losses. - 2026-05-13MaterialisedEarnings
「Impairment losses 1 38」
Impairment losses increased from ¥1 million in the previous fiscal year to ¥38 million in the fiscal year ended March 2026, reflecting losses related to underperforming stores and other items. - FY2026-H1MaterialisedAnnual report
「Extraordinary losses Loss on disposal of fixed assets － 0 Impairment losses 0 8 Expenses related to the tender offer － 92 Total extraordinary losses 0 101」
During the six-month period ended Q2, the Company recognized ¥8 million in impairment losses, indicating that impairment risks related to unprofitable stores and other assets had materialized as actual losses. - FY2024MaterialisedAnnual report
「Fiscal year ended 31 March 2024 Store assets Buildings Tools, equipment and fixtures Tohoku region － Kanto region 6 Chubu region 7 Kinki region 5 Chugoku region － Total 18」
In FY2024, the Company recognized ¥18 million in impairment losses on store assets in the Kanto, Chubu and Kinki regions, indicating that risks related to unprofitable stores and store closures had materialized as actual losses. - FY2024-Q3RestatedAnnual report
「Extraordinary losses Loss on disposal of fixed assets － 0 Store closure losses － 1 Impairment losses 4 4 Total extraordinary losses 4 5」
During the nine-month period ended Q3, the Company also recognized ¥1 million in store closure losses and ¥4 million in impairment losses, but the amounts did not increase from the cumulative amount for the previous quarter. - FY2024-Q2MaterialisedAnnual report
「Extraordinary losses Loss on disposal of fixed assets － 0 Store closure losses － 1 Impairment losses 4 4 Total extraordinary losses 4 5」
During the six-month period ended Q2, the Company recognized ¥1 million in store closure losses and ¥4 million in impairment losses, indicating that losses related to unprofitable stores and store closures had actually occurred. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2023MaterialisedAnnual report
「For stores, the carrying amount was reduced to the recoverable amount because profit or loss from operating activities was expected to remain negative, or because the Board of Directors had resolved to close the store. The reduction was recognized as an impairment loss under extraordinary losses.」
The Company also recognized ¥6 million in impairment losses on store assets in the Kanto region in FY2023, indicating that risks related to unprofitable stores and store closures had materialized as actual losses. - FY2023-Q3MaterialisedAnnual report
「Extraordinary losses Loss on disposal of fixed assets 0 － Impairment losses － 19 Total extraordinary losses 0 19」
During the nine-month period ended Q3, the Company recognized ¥19 million in impairment losses, indicating that risks related to the impairment and closure of unprofitable stores had materialized as losses. - FY2023-Q2MaterialisedAnnual report
「Extraordinary losses Loss on disposal of fixed assets 0 － Impairment losses － 4 Total extraordinary losses 0 4」
During the six-month period ended Q2, the Company recognized ¥4 million in impairment losses, indicating that risks related to the impairment and closure of unprofitable stores had materialized as actual losses. - FY2023-Q2MaterialisedAnnual report
「Extraordinary losses Loss on disposal of fixed assets 0 － Impairment losses － 4 Total extraordinary losses 0 4」
During the six-month period ended Q2, the Company recognized ¥4 million in impairment losses, indicating that risks related to the impairment and closure of unprofitable stores had materialized as actual losses. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2022MaterialisedAnnual report
「For stores, the carrying amount was reduced to the recoverable amount because profit or loss from operating activities was expected to remain negative, or because the Board of Directors had resolved to close the store. The reduction was recognized as an impairment loss under extraordinary losses.」
The Company recognized ¥6 million in impairment losses on store assets in the Kinki region during the fiscal year, indicating that risks related to unprofitable stores and store closures had materialized as actual losses. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2021RestatedAnnual report
「Accordingly, impairment losses may arise due to the impact of uncertain future economic conditions and the Company's operating conditions, among other factors.」
Although no impairment losses were recognized during the fiscal year, the Company continues to disclose the possibility that impairment losses on store fixed assets may arise as a result of future economic conditions or operating conditions. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2020MaterialisedAnnual report
「For stores, the carrying amount was reduced to the recoverable amount because profit or loss from operating activities was expected to remain negative, or because the Board of Directors had resolved to close the store. The reduction was recognized as an impairment loss under extraordinary losses.」
The Company recognized ¥14 million in impairment losses on store assets during the fiscal year, indicating that risks related to unprofitable stores and store closures had materialized as actual losses. - FY2020-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter period, there was no new occurrence of business or other risk, nor any material change in the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2019-Q3MaterialisedAnnual report
「Impairment loss - 2」
During the nine-month period ended Q3, the Company recognized ¥2 million in impairment losses, indicating that risks related to the impairment and closure of unprofitable stores had materialized as actual losses. - FY2019-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2018MaterialisedAnnual report
「For stores, the carrying amount was reduced to the recoverable amount because profit or loss from operating activities was expected to remain negative, or because the Board of Directors had resolved to close the store. The reduction was recognized as an impairment loss under extraordinary losses.」
The Company also recognized ¥1 million in impairment losses on store assets during the fiscal year, indicating that risks related to unprofitable stores and store closures had materialized as actual losses. - FY2018-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2018-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2017MaterialisedAnnual report
「In Q4, the Company reviewed fixed assets for which recovery was not expected and reduced their carrying amount to the recoverable amount, recognizing ¥34 million as an impairment loss.」
During the fiscal year, the Company recognized ¥43 million in impairment losses and ¥11 million in store closure losses, indicating that losses associated with unprofitable stores and store closures had actually occurred. - FY2017-Q3MaterialisedAnnual report
「Extraordinary losses Loss on disposal of fixed assets － 1 Store closure losses 13 11 Impairment losses － 9 Other 1 0 Total extraordinary losses 15 22」
During the nine-month period ended Q3, the Company recognized ¥11 million in store closure losses and ¥9 million in impairment losses, indicating that losses related to the closure and impairment of unprofitable stores had actually occurred. - FY2017-Q2MaterialisedAnnual report
「Store closure losses 13 9 Impairment losses － 9」
During the six-month period ended Q2, the Company recognized ¥9 million in store closure losses and ¥9 million in impairment losses as extraordinary losses, indicating that events related to the closure and impairment of unprofitable stores had materialized as actual losses. - FY2017-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the impairment and store-closure risks at unprofitable stores. - FY2016First statedAnnual report
「For stores, the carrying amount was reduced to the recoverable amount because profit or loss from operating activities was expected to remain negative, or because the Board of Directors had resolved to close the store. The reduction was recognized as an impairment loss under extraordinary losses.」
The Company recognized ¥30 million in impairment losses on store assets during the fiscal year, citing expected continuing losses or a resolution to close the stores as the reasons for impairment.