Risk of Impairment of Fixed Assets
First written in FY2018. 4 of 9 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Mitsui Matsushima Holdings moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 69 of 117 companies on the "Worse" side.
30 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「An impairment loss of ¥784 million was recorded for the consolidated fiscal year.」
Impairment losses increased from ¥510 million in the previous fiscal year to ¥784 million, covering ¥96 million in operating assets in Omuta, Fukuoka Prefecture, ¥687 million in goodwill related to システックキョーワ, and other assets. - FY2025MaterialisedAnnual report
「An impairment loss of ¥510 million was recorded for the consolidated fiscal year.」
The risk of impairment of fixed assets materialized, and impairment losses totaling ¥510 million were recorded, comprising ¥418 million for land in Fukutsu, Fukuoka Prefecture, and ¥91 million for buildings, tools, furniture and fixtures, and other assets in Omuta, Fukuoka Prefecture. - FY2022Updated loss amountAnnual report
「An impairment loss of ¥224 million was recorded for the consolidated fiscal year.」
Impairment losses on fixed assets declined from ¥3,921 million in the previous fiscal year to ¥224 million. The assets concerned included assets related to 花菱縫製’s withdrawal from in-house production and idle assets. - FY2022-Q3MaterialisedAnnual report
「“Idle assets” (Fukuoka, Fukuoka Prefecture) Property, plant and equipment: ¥31 million As the future use of the “idle assets” (Fukuoka, Fukuoka Prefecture) has not been determined, their carrying amount was reduced to the recoverable amount, and the reduction was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥31 million on idle assets in Fukuoka, whose future use has not been determined, was actually recorded during the cumulative third-quarter period. - FY2021WorsenedAnnual report
「Profit attributable to owners of the parent was a net loss of ¥3,035 million, due mainly to the recognition of impairment losses of ¥3,921 million and an investment business loss of ¥692 million as extraordinary losses, as well as tax expenses of ¥1,052 million. The corresponding figure for the same period of the previous year was net income of ¥2,292 million.」
Impairment losses on fixed assets expanded to ¥3,921 million for the full year, contributing to the ¥3,035 million net loss. - FY2021-Q3WorsenedAnnual report
「Profit attributable to owners of the parent was a net loss of ¥3,210 million, due mainly to the recognition of impairment losses of ¥3,613 million and an investment business loss of ¥632 million as extraordinary losses, as well as tax expenses of ¥1,121 million. The corresponding figure for the same period of the previous year was net income of ¥1,262 million.」
Impairment losses on fixed assets and other assets expanded to ¥3,613 million, contributing to the ¥3,210 million net loss attributable to owners of the parent. - FY2020MaterialisedAnnual report
「An impairment loss of ¥392 million was recorded for the consolidated fiscal year.」
The risk of impairment of fixed assets materialized, and total impairment losses of ¥392 million were recorded for the Mimosa mining concession, idle assets in Saikai, Nagasaki Prefecture, and rental and idle assets in Higashiizu, Shizuoka Prefecture. - FY2019MaterialisedAnnual report
「Because the future use of the “idle asset” in Saikai, Nagasaki Prefecture, had not been determined, its carrying amount was reduced to its recoverable amount, and the reduction was recorded as an impairment loss under extraordinary losses.」
The risk of impairment of fixed assets materialized, and an impairment loss of ¥101 million was recorded on idle land in Saikai, Nagasaki Prefecture. - FY2018First statedAnnual report
「Depending on future profitability, market conditions and other trends, the land, buildings and other assets related to the Group's existing businesses may give rise to impairment losses under impairment accounting for fixed assets.」
The Group discloses the possibility of impairment losses on land, buildings and idle fixed assets related to its existing businesses due to profitability, market conditions, land prices and economic trends.