Impairment risk associated with stores and land
First written in FY2016. 4 of 12 entries say "Worsened", first in FY2019. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「The company recognized ¥79 million in impairment losses (buildings and structures, ¥71 million; and tools, furniture and fixtures, ¥7 million).」
Impairment losses of ¥79 million were recognized for 3 stores in Kansai, 2 stores in Kanto and 1 store in Koshinetsu. Although this was down from ¥107 million in the previous fiscal year, impairment risk continues to materialize. - 2026-05-29MitigatedGeneral Meetings of Shareholders
「当事業年度における店舗固定資産に係る減損損失は79百万円」
店舗固定資産の減損損失79百万円を計上しており、減損リスクはなお発生している。一方、直近の有報由来の記載にある107百万円から減少している。 - FY2024MitigatedAnnual report
「The company recognized ¥107 million in impairment losses (land, ¥7 million; buildings, ¥89 million; and tools, furniture and fixtures, ¥11 million).」
Impairment losses declined from ¥348 million in the previous fiscal year to ¥107 million, but impairment of stores and assets held for disposal still occurred. - FY2024-Q3Impairment losses decreasedAnnual report
「Impairment losses 254 21」
Impairment losses for the cumulative third quarter declined from ¥254 million in the same period of the previous year to ¥21 million. However, impairment losses were still recognized in the current fiscal year. - FY2023-Q1MaterialisedAnnual report
「Total extraordinary losses were ¥261 million, comprising ¥7 million in loss on disposal of fixed assets and ¥254 million in impairment losses.」
The company recognized ¥254 million in impairment losses in the first quarter, and the impairment risk for stores and fixed assets continues to materialize. - FY2022WorsenedAnnual report
「For stores with deteriorating operating results or scheduled to close, and assets held for disposal scheduled to be sold, we reduced their carrying amounts to recoverable amounts and recognized impairment losses of ¥294 million (land, ¥44 million; buildings, ¥202 million; machinery and vehicles, ¥0 million; and tools, furniture and fixtures, ¥47 million).」
Impairment losses on stores and assets held for disposal totaled ¥294 million, up from ¥209 million in the previous fiscal year. The impairment risk continues to materialize against the backdrop of a deteriorating operating environment caused by the spread of COVID-19 and other factors. - FY2021WorsenedAnnual report
「In addition to competition with the prepared-food market, declining demand due to the declining birth rate and aging population, and rising unit labor costs due to labor shortages, the business environment is deteriorating as a result of the spread of COVID-19. We therefore recognize that there remains a substantial risk of recognizing impairment losses in the next fiscal year.」
The company also recognized ¥209 million in impairment losses for the current fiscal year and states that there remains a substantial impairment risk for the next fiscal year against the backdrop of a deteriorating business environment caused by the spread of COVID-19. - FY2020WorsenedAnnual report
「In addition to competition with the prepared-food market, declining demand due to the declining birth rate and aging population, and rising unit labor costs due to labor shortages, the business environment is deteriorating as a result of the spread of COVID-19. We therefore recognize that there remains a substantial risk of recognizing impairment losses in the next fiscal year.」
While impairment losses for the current fiscal year declined to ¥200 million, the company states that there remains a substantial impairment risk for the next fiscal year against the backdrop of a deteriorating business environment caused by the spread of COVID-19. - FY2019WorsenedAnnual report
「Of this amount, for stores with deteriorating operating results and idle assets, we reduced their carrying amounts to recoverable amounts and recognized impairment losses of ¥621 million (buildings and structures, ¥232 million; machinery, equipment and vehicles, ¥0 million; tools, furniture and fixtures, ¥28 million; and land, ¥360 million).」
Impairment losses on stores and idle assets totaled ¥621 million, up from ¥307 million in the previous fiscal year. - FY2018MaterialisedAnnual report
「For stores with deteriorating operating results and idle assets without a specific plan for future use, we reduced their carrying amounts to recoverable amounts and recognized impairment losses of ¥307 million (land, ¥47 million; buildings, ¥234 million; structures, ¥5 million; machinery and equipment, ¥5 million; and tools, furniture and fixtures, ¥15 million).」
The company recognized ¥307 million in impairment losses on stores and other assets with deteriorating operating results, and the impairment risk materialized in the current fiscal year as well. - FY2017MaterialisedAnnual report
「Net income was ¥3,839 million, a decrease of ¥229 million (5.6%) from the same period of the previous year, despite an increase in impairment losses, due to the receipt of expropriation compensation and a lower corporate tax burden, among other factors.」
The increase in impairment losses actually reduced net income, and the impairment risk for stores, land and other assets materialized. - FY2016First statedAnnual report
「If the operating results of stores using our fixed assets deteriorate and recovery is not expected, or if the fair value of land or other assets declines significantly, we may apply impairment accounting to the relevant fixed assets, which could affect our business performance.」
The company identifies the possibility of impairment accounting being applied due to deteriorating store profitability or falling land prices.