Idle Manufacturing Equipment and Impairment Losses
First written in FY2016. 7 of 10 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2026.
Mitsui DM Sugar moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
67 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「At SIS’88 Pte Ltd and its subsidiaries, the Company recognized the unamortized balances of goodwill, trademark rights, and customer assets as impairment losses because the earnings previously projected were no longer expected following a review of the business plan.」
Lower earnings expectations materialized for SIS’88 and its subsidiaries, resulting in impairment losses of ¥6,320 million, including goodwill and other intangible assets. - FY2025MaterialisedAnnual report
「Following the decision to end production at 関門製糖㈱, 鳳氷糖㈱ and 日糖産業㈱, all consolidated subsidiaries, by the end of September 2026, impairment losses and other charges were recognized on part of the fixed assets related to production facilities held by those companies.」
In connection with the policy to end production at the 3 companies, fixed-asset impairment losses of ¥4,275 million and a provision for business structure improvement of ¥1,002 million were recognized. - FY2023MaterialisedAnnual report
「For the buildings, structures and machinery and equipment at the Kitami Sugar Refinery and elsewhere in Kitami, Hokkaido, the company considered future production and sales volumes in light of the policy on adjusting the eligible volume for domestic sugar subsidies for beet sugar announced by the Ministry of Agriculture, Forestry and Fisheries in December 2022. As deterioration in the operating environment for the sugar business was expected, the company recognized impairment losses on the relevant asset groups.」
In addition to the Honbetsu Sugar Refinery, impairment losses of ¥5,555 million were recognized at the Kitami Sugar Refinery and other facilities due to the expected deterioration in the operating environment, bringing impairment losses for the fiscal year to ¥6,028 million. - FY2023-Q2MaterialisedAnnual report
「The company recognized impairment losses on fixed assets, including buildings, structures and machinery and equipment, at 北海道糖業株式会社's Honbetsu Sugar Refinery because the assets became idle and recovery of the investment was no longer expected.」
The assets at the Honbetsu Sugar Refinery became idle and recovery of the investment was no longer expected, resulting in an impairment loss of ¥472 million recognized for the first six months of the current consolidated fiscal period. - FY2022-Q3MaterialisedAnnual report
「In connection with the decision to end production at 北海道糖業株式会社's Honbetsu Sugar Refinery in March 2023, the company recognized impairment losses on fixed assets, including buildings, structures and machinery and equipment. … Total: ¥1,071 million」
Impairment losses on fixed assets associated with the policy to end production at the Honbetsu Sugar Refinery were reflected in the nine-month results at an amount of ¥1,071 million. - FY2022-Q2MaterialisedAnnual report
「In connection with the decision to end production at 北海道糖業株式会社's Honbetsu Sugar Refinery in March 2023, the company recognized impairment losses on fixed assets, including buildings, structures and machinery and equipment. … Total: ¥1,055 million」
In connection with the policy to end production at the Honbetsu Sugar Refinery, an impairment loss of ¥1,055 million was recognized on buildings, machinery and equipment, and other assets. - FY2017WorsenedAnnual report
「The company recognized impairment losses on the dye group and agar and gelling-agent group located in Nagata Ward, Kobe, because changes were expected that would significantly reduce the recoverable amounts of the asset groups. It also recognized impairment losses on the sugarcane extract group located in Higashinada Ward, Kobe, and elsewhere because operating income had deteriorated and a short-term recovery in performance was not expected.」
In addition to the ¥47 million in idle facilities recognized in the previous fiscal year, impairment losses totaling ¥96 million were recognized for multiple asset groups in the Food Science business. - FY2016First statedAnnual report
「The company recognized impairment losses on certain production facilities of 北海道糖業株式会社 because they had become idle and no future use had been determined. Machinery and equipment and vehicles: ¥44 million; tools, furniture and fixtures: ¥2 million; total: ¥47 million.」
Some of 北海道糖業's production facilities became idle, and an impairment loss of ¥47 million was recognized.