Declining profitability and impairment losses on Australian business assets
First written in FY2021-Q3. 1 of 2 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2021.
Mitsui Matsushima Holdings moved to the "Worse" side of this theme in 2021, 4 years after the typical company in this theme (2017).
The whole theme swung hardest in 2026: 5 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2021WorsenedAnnual report
「With respect to the “operating assets” (Australia), the carrying amount was reduced to the recoverable amount because the expected earnings capacity at the time of acquisition could no longer be anticipated in light of the depressed coal market during the fiscal year, and the reduction was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥2,409 million was recognized on Australian business assets against the backdrop of depressed coal market conditions, increasing from the loss amount through the previous quarter. - FY2021-Q3MaterialisedAnnual report
「“Business assets” (Australia) Property, plant and equipment 1,979 Intangible assets (excluding goodwill) 401 (Background) For the “business assets” (Australia), the carrying amount was reduced to the recoverable amount because the profitability assumed at the time of acquisition could no longer be expected in light of the depressed coal market during the period, and the reduction was recognized as an impairment loss under extraordinary losses.」
Impairment losses totaling ¥2,380 million were recognized on Australian business assets against the backdrop of depressed coal market conditions.