Declining Profitability and Impairment Loss in the Alaska Salmon and Trout Business
First written in FY2021-Q2. 1 of 3 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Cited as achieved".
- FY2022-Q3Cited as achievedAnnual report
「In December 2020, our group withdrew from the North American salmon and trout processing business, which had remained unprofitable for several years.」
The completed withdrawal from the Alaska salmon and trout business due to declining profitability is again described as an achievement leading to the reallocation of assets in the North American seafood processing business. - FY2021MitigatedAnnual report
「We sought to withdraw from the Alaska salmon and trout business and sold the fisheries business operated by PPSF, including all of its plants and other fixed assets.」
The withdrawal from the Alaska salmon and trout business, where profitability had deteriorated and impairment losses had been incurred, was completed through the sale of the business. In addition, a business restructuring loss of ¥2,754 million was recorded. - FY2021-Q2MaterialisedAnnual report
「In the Overseas segment, impairment losses of ¥1,327 million were recorded, primarily as a result of reducing the carrying amounts of buildings, machinery and land scheduled for sale to their recoverable amounts. In the quarterly consolidated statement of income, these losses were included in the provision for losses related to business restructuring, recorded under extraordinary losses.」
In the Overseas segment, the carrying amounts of assets scheduled for sale were reduced, resulting in an impairment loss of ¥1,327 million.