Declining Profitability and Impairment Loss at a Malaysian Subsidiary
First written in FY2023. 1 of 2 entries say "Materialised", first in FY2023. Latest entry: 2026-06-05.
Hokuto moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2017: 4 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-06-05WorsenedGeneral Meetings of Shareholders
「The impairment loss on shares of affiliates represents the corresponding amount recognized following impairment of the net assets of the overseas subsidiaries HOKTO MALAYSIA SDN. BHD. and PT HOKTO INDONESIA MATERIALS.」
The company recognized an impairment loss on shares of affiliates following impairment of the net assets of 2 overseas subsidiaries, recording a deterioration in the profitability and financial condition risk of its overseas subsidiaries. - FY2023MaterialisedAnnual report
「For the above asset group, the carrying amount was reduced to its recoverable amount due to declining profitability and other factors, and the resulting reduction was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥363 million was recorded on buildings, structures, machinery and equipment, and other assets at the mushroom production facility of HOKTO MALAYSIA SDN.BHD. due to declining profitability.