Risk of impairment of fixed assets
First written in FY2020. 3 of 4 entries say "Materialised", first in FY2021. Latest entry: FY2023.
Iwatsuka Confectionery moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 68 of 130 companies on the "Worse" side.
57 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「The functions of the idle assets (Nakazawa Plant) were relocated to the newly built Nagaoka Plant, and their carrying amount was therefore reduced to their recoverable amount because they are no longer expected to be used in the future.」
An impairment loss of ¥6 million was recorded for the Nakazawa Plant again in the current fiscal year, indicating that impairment of property, plant and equipment has actually occurred. - FY2023-Q3MaterialisedAnnual report
「Impairment loss － 6,000」
An impairment loss of ¥6 million was recorded during the cumulative third quarter of the current consolidated fiscal year, indicating that impairment of property, plant and equipment has actually occurred. - FY2021MaterialisedAnnual report
「The idle assets (Nakazawa Plant) were reduced to their recoverable amount because their functions were relocated to the newly built Nagaoka Plant and they are no longer expected to be used in the future. The resulting decrease was recorded as an impairment loss under extraordinary losses.」
The Nakazawa Plant became idle following the relocation of its functions to the new Nagaoka Plant, and an impairment loss of ¥144.335 million was recorded. - FY2020First statedAnnual report
「If business profitability deteriorates or the fair value of the relevant fixed assets falls significantly, an impairment loss may be recognized under impairment accounting.」
The company has separately identified the impairment risk associated with holding substantial fixed assets such as factory equipment and indicates a policy of assessing future profitability during the planning stage.