Impairment Losses on Fixed Assets Held by JAFEC USA
First written in FY2017. 4 of 6 entries say "Materialised", first in FY2017. Latest entry: FY2023.
Japan Foundation Engineering moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 13 of 15 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「At JAFEC USA, Inc., the carrying amount of the above assets was reduced to their recoverable amount because the profitability of operating assets had declined, and the decrease of ¥36.009 million was recognized as an impairment loss under extraordinary losses.」
Although there was no applicable item in the previous fiscal year, the company recognized a ¥36.009 million impairment loss during the fiscal year on JAFEC USA's right-of-use assets and other assets. - FY2022MitigatedAnnual report
「There were no applicable items during the fiscal year under review.」
No impairment loss on fixed assets was recognized during the fiscal year. No new impairment loss related to JAFEC USA, which had been recognized through the previous fiscal year, was identified. - FY2020MaterialisedAnnual report
「At JAFEC USA, Inc., the carrying amount of the above asset group was reduced to its recoverable amount because the profitability of operating assets had declined, and the decrease of ¥19.196 million was recognized as an impairment loss under extraordinary losses.」
For JAFEC USA's operating assets, the company recognized a ¥19.196 million impairment loss during the fiscal year on machinery and vehicles, tools, fixtures and equipment, and software, following the ¥56.806 million loss in the previous fiscal year. - FY2019MaterialisedAnnual report
「At JAFEC USA, Inc., the carrying amount of the above asset group was reduced to its recoverable amount because the profitability of operating assets had declined, and the decrease of ¥56.806 million was recognized as an impairment loss under extraordinary losses.」
For JAFEC USA's operating assets, the company recognized a ¥56.806 million impairment loss for buildings and structures, machinery and vehicles, and software during the fiscal year. - FY2018Cited as achievedAnnual report
「In the previous fiscal year, the Group recorded impairment losses on the following asset groups.」
The ¥340.160 million impairment loss on JAFEC USA's fixed assets is presented as comparative information for the previous fiscal year, while no impairment loss was applicable for the fiscal year under review. - FY2017MaterialisedAnnual report
「The company recorded a net loss attributable to owners of the parent of ¥895 million, mainly due to the recognition of a ¥340 million impairment loss on fixed assets owned by its U.S. subsidiary.」
As the profitability of JAFEC USA's operating assets declined, the company recognized impairment losses totaling ¥340.160 million on buildings and structures, machinery and vehicles, and software.