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Umios (1333) · InitiativeRestated

Construction and opening of the Nagoya Logistics Center

First written in FY2021. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2026.

4entries
6years
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ProgressHeldSoftenedWorseAchievedFY2022-Q1OtherFY2023 – FY20262021: 220212022: 020222023: 120232024: 020242025: 020252026: 12026
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Construction and Opening of the Nagoya Logistics Center and Indications of ImpairmentA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2026RestatedAnnual report

    「Property, plant and equipment recorded on the consolidated balance sheet for the current consolidated fiscal year includes ¥5,023 million in property, plant and equipment related to the Nagoya Logistics Center of Umiosロジ㈱, which belongs to the Other segment, representing 0.7% of consolidated total assets. ... It was determined that recognition of an impairment loss for this asset group was not necessary.」

    The Nagoya Logistics Center has continued to report negative operating income, and indications of impairment remain, but no additional impairment loss has been recognized because undiscounted future cash flows exceed the carrying amount.
  2. FY2023Indications of impairment at the logistics centerAnnual report

    「The logistics center was newly built and began operations in April 2021 as a facility for storing, handling transportation, customs clearance and distribution processing for agricultural, livestock and other products, principally frozen foods. However, the profit and loss generated by its operating activities has deviated significantly downward from the initial business plan, indicating possible impairment.」

    The Nagoya Logistics Center, which has already opened, has a carrying amount of ¥6,202 million, equivalent to 1.0% of total assets, and its profit and loss has deviated significantly downward from the plan, indicating possible impairment. However, no impairment loss has been recognized because undiscounted cash flows exceed the carrying amount.
  3. FY2022-Q1AchievedAnnual report

    「Depreciation and other expenses increased following the opening of the Nagoya Logistics Center in April 2021.」

    The planned Nagoya Logistics Center opened in April 2021, resulting in depreciation and other expenses associated with its operations.
  4. FY2021First statedAnnual report

    「The company will continue to capture storage demand, prompted by the expansion of storage capacity following the opening of 株式会社マルハニチロ物流's Nagoya Logistics Center in April 2021.」

    The company disclosed plans for the Nagoya Logistics Center, with construction commencing in July 2019, completion scheduled for April 2021, refrigerated and frozen storage capacity of 35,790 tonnes, and total investment of ¥7,071 million.
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Construction and opening of the Nagoya Logistics Center | Umios Corporation (1333) | Komori