Rakuten Group, Inc.
Rakuten Group, Inc. Notice Regarding Impairment Losses and the Like
In the second quarter of the consolidated financial results for the fiscal year ending December 2026, impairment arising from revising the use of warehouse space. Impairment losses amount to 17,000 million yen for fixed assets. Recoverable amount evaluated as zero.
Key Figures
- Impairment losses and the like: 17,000 million yen (fixed assets)
- Recoverable amount: zero (basis for evaluation: no future cash flows)
- Period: Second quarter of the fiscal year ending December 2026 (IFRS)
AI要約
Impairment overview
Rakuten Group had been providing a service that rents out warehouse space as part of its logistics business, but due to an unclear future volume outlook, discussions were held to convert the rental service to in-house use. Based on this, the recoverable amount of assets was expected to be below book value, and as a result of the impairment test, impairment losses were recognized. The recoverable amount is measured by value in use, but because there are no future cash flows, it is evaluated as zero.
Impact on earnings and outlook
In the second quarter of the fiscal year ending December 2026, impairment of fixed assets of 17,000 million yen was recognized. The corresponding loss is included in 'Other expenses' in the consolidated quarterly income statement. The outlook for future cash flows and asset utilization policy may be affected, and continued monitoring of market trends and recoverable amount evaluations is necessary.
Rakuten Group, Inc.
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