Risk of Unrecoverable Business and Capital Investments and Impairment
First written in FY2020. 5 of 7 entries say "Materialised", first in FY2022. Latest entry: FY2026.
Itoham Yonekyu Holdings moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「For business-use assets, the carrying amounts were reduced to their recoverable amounts in light of deteriorating business conditions, and the resulting decrease of ¥340 million was recognized as an extraordinary loss. An extraordinary loss of ¥111 million was recognized for assets scheduled to cease operations.」
Impairment losses totaling ¥576 million were recognized due to deteriorating business conditions, assets scheduled to cease operations and telephone subscription rights with no expected future use. - FY2025WorsenedAnnual report
「For business-use assets, the carrying amounts were reduced to their recoverable amounts in light of deteriorating business conditions, and the resulting decrease of ¥1,462 million was recognized as an extraordinary loss.」
Against a backdrop of deteriorating business conditions, impairment losses of ¥1,462 million on business-use assets and ¥89 million on idle assets and assets scheduled to cease operations, totaling ¥1,551 million, were recognized. - FY2025-H1MaterialisedAnnual report
「Impairment loss － 10」
An impairment loss of ¥10 million was recognized during the interim consolidated accounting period, indicating that the risk of failure to recover and impairment of property, plant and equipment and other assets had begun to affect results. - FY2024MaterialisedAnnual report
「In connection with the closure of the Kenko Plant, a production facility of our group company Itoham Yonekyu Plant Co., Ltd., and the Shizuoka Plant, a production facility of Yonekyu Delica Foods Co., Ltd., a loss related to plant closures of ¥1,024 million was recognized.」
A loss of ¥1,024 million related to plant closures was recognized, and the impairment and failure-to-recover risks associated with capital and business investments materialized as actual losses. - FY2023MaterialisedAnnual report
「For idle assets with no expected future use and assets scheduled to cease operations, the carrying amounts were reduced to their recoverable amounts, and the resulting decrease of ¥327 million was recognized as an extraordinary loss.」
In relation to the risk of failure to recover property, plant and equipment and goodwill, an impairment loss of ¥327 million was recognized for idle assets and assets scheduled to cease operations. - FY2022MaterialisedAnnual report
「For idle assets with no expected future use, the carrying amounts were reduced to their recoverable amounts, and the resulting decrease of ¥115 million was recognized as an extraordinary loss.」
In relation to the risk of failure to recover and impairment of property, plant and equipment, an impairment loss of ¥115 million was recognized for idle assets for the full year. - FY2020First statedAnnual report
「To achieve sustainable business growth, the Group submits important M&A transactions and capital investments that contribute to increasing corporate value to careful review by its Investment and Finance Committee before final approval by the Board of Directors. It also regularly reviews progress against the original plans for, and deviations from, such important investments. However, if deterioration in market or business conditions not anticipated at the time of the investment decision makes it impossible to recover the investment amounts in held property, plant and equipment or goodwill, impairment losses may be recognized, potentially affecting the Group's business performance and financial condition.」
M&A transactions and capital investments are reviewed by the Investment and Finance Committee and the Board of Directors, and deviations from plans are reviewed regularly, while the risk of impairment resulting from the failure to recover property, plant and equipment and goodwill is identified separately for the first time.