Risk that the investment in 第一ポートリーファーム does not proceed as expected
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「As a result, the Company determined that there were no indications of impairment for any asset group during the fiscal year.」
Although indications of impairment had previously been identified for certain asset groups in the Tohoku region, the Company determined that there were no indications of impairment for any asset group during the fiscal year. - FY2021WorsenedAnnual report
「During the fiscal year, the Company determined that there were indications of impairment for certain asset groups related to property, plant and equipment in the Tohoku region used in the egg business, as their profitability had declined due to changes in the business environment.」
Indications of impairment were identified for certain asset groups in the Tohoku region because of declining profitability. No impairment loss was recognised because undiscounted future cash flows exceeded the carrying amount of the asset groups, but the risk that the business would not develop as expected after the investment has materialised. - FY2020RestatedAnnual report
「If the Group is unable to develop its business as anticipated at the time of the capital investment, this may have a material impact on the Group's operating results and financial position.」
The risk that the business may not develop as expected following the full-scale operation of the Tagajo GP plant and Yoshimemoku Farm continues to be disclosed. - FY2019RestatedAnnual report
「In December 2018, the Group established a new GP plant in Tagajo, Miyagi Prefecture, and in January 2019 acquired a farm in Kurihara, Miyagi Prefecture, bringing both into full-scale operation. The Group was able to establish production and manufacturing bases in southern Tohoku, which it expects to contribute to future earnings growth. However, if the Group is unable to develop its business as expected at the time of the capital investment, its operating results and financial position may be significantly affected.」
The risk that the business may not develop as expected after the Tagajo GP plant and Yoshimemoku Farm entered full-scale operation continues to be disclosed. - FY2016First statedAnnual report
「However, if an investee is unable to operate its business as expected at the time of the investment, the Group’s operating results and financial position may be significantly affected by impairment losses on property, plant and equipment and intangible assets such as goodwill arising in connection with the investment.」
The Company has disclosed the risk that Daiichi Poultry Farm, acquired to expand into Honshu, may be unable to develop its business as expected, leading to impairment of fixed assets and goodwill.