Impairment Losses on Idle Assets and Other Assets Due to Deteriorating Profitability
First written in FY2016. 8 of 20 entries say "Restated". Latest entry: FY2026.
Nichiwa Sangyo moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2026: 13 of 22 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Continued impairment losses and a change in the assets subject to impairmentAnnual report
「During the current consolidated fiscal year, the Company reduced the carrying amount of farms in Unzen, Nagasaki Prefecture, and elsewhere, whose profitability had declined, to their recoverable amount, and recognised the reduction as an impairment loss under extraordinary losses.」
The impairment loss was ¥633 million, a slight decrease from ¥644 million in the previous fiscal year, while the assets subject to impairment changed from the farms in Miki, Hyogo Prefecture, and Kanoya, Kagoshima Prefecture, to farms in Unzen, Nagasaki Prefecture, and elsewhere. - FY2025WorsenedAnnual report
「During the current consolidated fiscal year, the Company reduced the carrying amount of farms in Miki, Hyogo Prefecture, and Kanoya, Kagoshima Prefecture, whose profitability had declined, to their recoverable amount, and recognised the reduction as an impairment loss under extraordinary losses.」
Profitability declined at the farms in Miki, Hyogo Prefecture, and Kanoya, Kagoshima Prefecture, resulting in an impairment loss of ¥644 million. This was up from ¥168 million in the previous fiscal year. - FY2025-H1RestatedAnnual report
「The filing states that, during the interim consolidated accounting period, there were no material changes in the major risks that management recognizes could materially affect the consolidated companies' financial position, operating results or cash flows, or in the matters described under Business Risks in the securities report for the previous fiscal year.」
The Company states that there has been no material change in its major risks, including the risk of impairment losses on idle assets and other assets due to deteriorating profitability. - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, the Company reduced the carrying amount of business divisions at consolidated subsidiaries whose profitability had declined to their recoverable amount, and recognised the reduction as an impairment loss under extraordinary losses.」
Following a decline in the profitability of a consolidated subsidiary, the Company recognised an impairment loss of ¥168 million on buildings, machinery and equipment, land and other assets. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, 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 material change in its major risks, including the risk of impairment losses on idle assets and other assets due to deteriorating profitability. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, 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 material change in its major risks, including the risk of impairment losses on idle assets and other assets due to deteriorating profitability. - FY2022-Q1RestatedAnnual report
「There have been no material changes in the assumptions regarding the impact of COVID-19 described in the “Significant Accounting Estimates” section of the previous fiscal year’s securities report.」
The Company states that there has been no material change in its accounting estimates, including impairment of fixed assets, based on the assumption of the impact of the novel coronavirus disease. - FY2021-Q3RestatedAnnual report
「Based on the assumption that the impact of the spread of the novel coronavirus disease would continue for a certain period into the fiscal year ending March 2021, the Group reflected accounting estimates in its accounting treatment regarding impairment of fixed assets, the recoverability of deferred tax assets and other matters. However, it considers the impact on the estimation items to be minor at this time.」
The Company continues to reflect the assumption that the impact of the novel coronavirus disease would continue for a certain period into the fiscal year ending March 2021 in its estimates of impairment of fixed assets and the recoverability of deferred tax assets. It considers the impact at this time to be minor. - FY2021-Q2RestatedAnnual report
「Based on the assumption that the impact of the spread of the novel coronavirus disease would continue for a certain period into the fiscal year ending March 2021, the Group reflected accounting estimates in its accounting treatment regarding impairment of fixed assets, the recoverability of deferred tax assets and other matters. However, it considers the impact on the estimation items to be minor at this time.」
The Company continues to reflect the assumption that the impact of the novel coronavirus disease would continue for a certain period into the fiscal year ending March 2021 in its estimates of impairment of fixed assets and the recoverability of deferred tax assets. It considers the impact at this time to be minor. - FY2021-Q1Accounting Estimates Based on Assumptions Regarding the Impact of COVID-19Annual report
「Based on the assumption that the impact of the spread of the novel coronavirus disease would continue for a certain period into the fiscal year ending March 2021, the Group reflected accounting estimates in its accounting treatment regarding impairment of fixed assets, the recoverability of deferred tax assets and other matters. However, it considers the impact on the estimation items to be minor at this time.」
The Company reflected the assumption that the impact of the novel coronavirus disease would continue for a certain period into the fiscal year ending March 2021 in its estimates of impairment of fixed assets and the recoverability of deferred tax assets. It stated that the impact at this time was minor. - FY2020MitigatedAnnual report
「Current consolidated fiscal year (1 April 2019 to 31 March 2020): None.」
According to the segment information, no impairment loss on fixed assets was recognised in the current fiscal year. - FY2020-Q3RestatedAnnual report
「During the cumulative consolidated third quarter, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there has been no new occurrence or material change in the risk of impairment losses on idle assets and other assets due to deteriorating profitability. - FY2020-Q2RestatedAnnual report
「During the six months ended the second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there has been no new occurrence or material change in the risk of impairment losses on idle assets and other assets due to deteriorating profitability. - FY2019MitigatedAnnual report
「For the current consolidated fiscal year (1 April 2018 to 31 March 2019), there were no applicable matters.」
No impairment loss was recognised in the current fiscal year, and the impairment loss incurred in the previous fiscal year did not recur. - FY2018WorsenedAnnual report
「In addition, the Company recorded an impairment loss of ¥18 million as an extraordinary loss, compared with ¥3 million in the previous consolidated fiscal year. As a result, net income attributable to owners of the parent for the current consolidated fiscal year was ¥525 million.」
The impairment loss increased from ¥3 million in the previous fiscal year to ¥18 million. In addition to business assets in Shimabara, Nagasaki Prefecture, several idle assets were also included. - FY2017Substantial decrease in impairment losses and a change in the assets subject to impairmentAnnual report
「In addition, the Company recorded an impairment loss of ¥3 million as an extraordinary loss, compared with ¥56 million in the previous consolidated fiscal year. As a result, net income attributable to owners of the parent for the current consolidated fiscal year was ¥324 million.」
The impairment loss declined from ¥56 million in the previous fiscal year to ¥3 million, and the current fiscal year targeted land used as a business asset in Kanoya, Kagoshima Prefecture. - FY2016First statedAnnual report
「In addition, the Company recorded an impairment loss of ¥56 million as an extraordinary loss, compared with ¥4 million in the previous consolidated fiscal year. As a result, net income attributable to owners of the parent for the current consolidated fiscal year was ¥517 million.」
An impairment loss of ¥56.220 million was recognised in the current fiscal year for assets and asset groups whose profitability had deteriorated.