Impairment Losses Due to Declining Asset Values and Deteriorating Profitability
First written in FY2018. 2 of 8 entries say "Restated". Latest entry: FY2026.
Ensuiko Sugar Refining moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 68 of 130 companies on the "Worse" side.
57 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the consolidated fiscal year under review, we considered ways to make effective use of the idle assets. However, because we determined that the investment could not be recovered through such use, we reduced the carrying amount to the recoverable amount and recorded the reduction as an impairment loss under extraordinary losses.」
We recorded an impairment loss of ¥3 million on idle assets in Fujisawa, Kanagawa Prefecture. The impairment risk materialized as a loss. - FY2025MitigatedAnnual report
「During the consolidated fiscal year under review, we recorded impairment losses on the following assets. Consolidated fiscal year under review (1 April 2024 to 31 March 2025) None.」
Although we recorded an impairment loss of ¥49 million in the previous fiscal year, no impairment loss was recorded during the consolidated fiscal year under review. - FY2023RestatedAnnual report
「Some assets have experienced significant declines in market prices, and we determined that there were indications of impairment. However, because the total undiscounted cash flows calculated based on the business plans for each business exceeded the respective carrying amounts, we did not recognize impairment losses.」
Although impairment indicators were identified, no impairment loss was recognized because undiscounted cash flows exceeded the carrying amount. - FY2022Impairment indicators identified; no loss recognizedAnnual report
「Some of the asset groups used to manufacture the refined sugar products and biotechnology products held by our company have experienced significant declines in market prices, and we determined that there were indications of impairment. However, because the total undiscounted cash flows calculated based on the business plans for each business exceeded the respective carrying amounts, we did not recognize impairment losses.」
We determined that the manufacturing asset groups showed indications of impairment due to significant declines in market prices, but did not recognize impairment losses. - FY2021MitigatedAnnual report
「Current consolidated fiscal year (from 1 April 2020 to 31 March 2021): Not applicable.」
Although we recorded an impairment loss of ¥13 million in the previous fiscal year, no impairment loss was recorded during the consolidated fiscal year under review. - FY2020MaterialisedAnnual report
「During the consolidated fiscal year under review, we recorded impairment losses on the following assets.」
We recorded an impairment loss of ¥13 million on idle assets in Fujisawa, Kanagawa Prefecture, due to declining land prices. - FY2019RestatedAnnual report
「If impairment losses arise due to declining asset values and deteriorating profitability in each business, they may affect the performance and financial position of our group.」
The possibility of impairment losses due to declining asset values and deteriorating business profitability continues to be identified as a risk. - FY2018First statedAnnual report
「If impairment losses arise due to declining asset values and deteriorating profitability in each business, they may affect the performance and financial position of our group.」
This indicates the possibility of impairment losses due to declining values of fixed assets or deteriorating business profitability.