Impairment Losses Arising When Assets Become Idle
First written in FY2019. 6 of 6 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Morinaga Milk Industry moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 6 of 13 companies on the "Worse" side.
12 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The breakdown of idle assets is as follows: buildings and structures, ¥541 million; machinery, equipment and vehicles, ¥972 million; land, ¥855 million; construction in progress, ¥19 million; other property, plant and equipment, ¥16 million; and other intangible assets, ¥1 million.」
The Company recorded a total impairment loss of ¥2,406 million on idle assets, including ¥977 million arising from the discontinuation of production at the Toyama Plant. - FY2026-H1MaterialisedAnnual report
「Following the discontinuation of production at the Toyama Plant of Morinaga Hokuriku Milk Industry Co., Ltd., the carrying amount of assets at the plant that are not expected to be used in the future was reduced to the recoverable amount, and the resulting impairment loss was recorded as an extraordinary loss. The impairment loss recorded for the current interim consolidated accounting period was ¥977 million.」
Following the discontinuation of production at the Toyama Plant, the Company recorded an impairment loss of ¥977 million on assets that are not expected to be used in the future. - FY2024MaterialisedAnnual report
「As the above assets became idle and are not expected to be used in the future, their carrying amount was reduced to the recoverable amount, and an impairment loss of ¥1,517 million was recorded as an extraordinary loss.」
The Company recorded an impairment loss of ¥1,517 million on idle assets in Konan, Aichi Prefecture, Minato, Tokyo, and Higashiyamato, Tokyo. - FY2021MaterialisedAnnual report
「As the above assets became idle and are not expected to be used in the future, their carrying amount was reduced to the recoverable amount, and an impairment loss of ¥2,297 million was recorded as an extraordinary loss.」
The Company recorded an impairment loss of ¥2,297 million on idle assets, reflecting impairment arising from the reorganization of production sites and other measures, as in the previous fiscal year. - FY2020MaterialisedAnnual report
「As the above assets became idle and are not expected to be used in the future, their carrying amount was reduced to the recoverable amount, and an impairment loss of ¥2,677 million was recorded as an extraordinary loss.」
The impairment loss on idle assets increased from ¥286 million in the previous fiscal year to ¥2,677 million, reflecting impairment arising from the reorganization of production sites. - FY2019MaterialisedAnnual report
「As the above assets became idle and are not expected to be used in the future, their carrying amount was reduced to the recoverable amount, and an impairment loss of ¥286 million was recorded as an extraordinary loss.」
The Company recorded an impairment loss of ¥286 million on idle assets in 5 areas, including Maebashi, Gunma Prefecture, on the grounds that they are not expected to be used in the future.