Emergence of the Risk of Impairment Losses on Fixed Assets
First written in FY2020. 7 of 11 entries say "Restated". Latest entry: FY2026.
Sanko Metal Industrial moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 63 of 115 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If profitability declines due to changes in the business environment or other factors and recovery of an investment is no longer expected, the company may recognize an impairment loss on its fixed assets.」
The company continues to address the risk of impairment of fixed assets through preliminary review by the Capital Expenditure Budget Committee, post-acquisition monitoring and quarterly identification of indications of impairment. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」
The company states that there has been no occurrence or significant change in the major risk of impairment losses on fixed assets. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」
The company states that there has been no occurrence or significant change in the major risk of impairment losses on fixed assets. - FY2024MaterialisedAnnual report
「Impairment loss 9 30」
The statement of cash flows records an impairment loss of ¥30 million in the current fiscal year, disclosing for the full fiscal year that an impairment loss on fixed assets actually occurred. - FY2024-Q2MaterialisedAnnual report
「Impairment loss — 30」
The company recognized an impairment loss of ¥30 million as an extraordinary loss during the six-month period ended in the second quarter, confirming that an impairment loss on fixed assets actually occurred. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company states that there has been no occurrence or significant change in the major risk of impairment losses on fixed assets. - FY2023MaterialisedAnnual report
「Impairment loss — 9」
The company recognized an impairment loss of ¥9 million in the current fiscal year, disclosing that an impairment loss on fixed assets actually occurred. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no occurrence or significant change in the major risk of impairment losses on fixed assets. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company states that there has been no occurrence or significant change in the major risk of impairment losses on fixed assets. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no occurrences of the major risks that management recognizes could have a material impact on the financial position, operating results or cash flows of the company, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year, among the matters concerning the business and financial condition described in this quarterly report.」
The company states that there has been no occurrence or significant change in the major risk of impairment losses on fixed assets. - FY2020MaterialisedAnnual report
「If changes in the business environment or other factors reduce profitability so that recovery of an investment is no longer expected, the company may reduce the carrying amount of its fixed assets to reflect their recoverability under impairment accounting and recognize the reduction as an impairment loss. Net income for the current fiscal year was ¥1,236 million, down ¥707 million, or 36.4%, year on year, due to the recognition of an impairment loss of ¥489 million.」
The company describes the risk of impairment losses on fixed assets and actually recognized an impairment loss of ¥489 million in the current fiscal year.