Impairment risk for fixed assets and acquired businesses
First written in FY2017. 18 of 20 entries say "Materialised", first in FY2018. Latest entry: FY2027-H1.
Fuji Oil moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 72 of 121 companies on the "Worse" side.
42 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Impairment loss 686 —」
Compared with the ¥686 million impairment loss recorded in the same period of the previous year, no impairment loss was recorded in the current interim consolidated fiscal period. - FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, the carrying amounts of the employee dormitory and training center, which are corporate assets allocated to each segment, were reduced to recoverable value following the decision to sell them, and impairment losses were recognized. In addition, an impairment loss was recognized for production equipment in the soybean processing materials segment because its recoverability was no longer considered assured due to declining profitability.」
Regarding fixed-asset impairment risk, impairment losses totaling ¥1,379 million were recognized for the employee dormitory, training center and production equipment for soybean processing materials. - FY2026-H1MaterialisedAnnual report
「Impairment loss - -686」
An impairment loss of ¥686 million was recognized during the current interim consolidated accounting period, showing that impairment risk relating to fixed assets and acquired businesses continues to materialize. - FY2024MaterialisedAnnual report
「For commercial chocolate production equipment, the carrying amount of the asset group was reduced to recoverable value due to declining profitability, and the reduction was recognized as an impairment loss. The breakdown was ¥844 million for buildings and structures, ¥1,928 million for machinery, equipment and vehicles, and ¥934 million for construction in progress.」
An impairment loss totaling ¥3,706 million was recognized for Blommer’s commercial chocolate production equipment due to declining profitability, showing that impairment risk has materialized. - FY2024-Q3MaterialisedAnnual report
「An impairment loss of ¥3,663 million was recognized under extraordinary losses for property, plant and equipment held by Blommer Chocolate Company (U.S.) in the commercial chocolate segment, due to a decline in recoverable value.」
Regarding impairment risk for the acquired business and fixed assets, an impairment loss of ¥3,663 million has actually arisen on property, plant and equipment held by Blommer. - FY2022-Q3MaterialisedAnnual report
「For soy protein food production equipment, the carrying amount of the relevant assets was reduced to recoverable value following the decision to discontinue use, and the reduction was recognized as an impairment loss under extraordinary losses. The breakdown was ¥11 million for buildings and structures, ¥31 million for machinery, equipment and vehicles, and ¥0 million for other assets.」
An impairment loss of ¥43 million was recognized following the discontinuation of use of soy protein food production equipment, showing that fixed-asset impairment risk continues to materialize. - FY2022-Q2MaterialisedAnnual report
「For soy protein food production equipment, the carrying amount of the relevant assets was reduced to recoverable value following the decision to discontinue use, and the reduction was recognized as an impairment loss under extraordinary losses. The breakdown was ¥11 million for buildings and structures, ¥31 million for machinery, equipment and vehicles, and ¥0 million for other assets.」
Impairment losses totaling ¥43 million arose during the six-month period ended the second quarter for fixed assets, including soy protein food production equipment. - FY2021MaterialisedAnnual report
「For the consolidated fiscal year (1 April 2020 to 31 March 2021): Research center, buildings and structures, Izumisano, Osaka Prefecture, ¥294 million; core system, software, United States, ¥292 million; Tokyo branch, buildings and structures, etc., Minato-ku, Tokyo, ¥187 million; employee housing, land, buildings and structures, etc., Moriya, Ibaraki Prefecture, ¥336 million」
Impairment losses totaling ¥1,110 million were recognized for the research center, overseas core system, Tokyo branch and employee housing. - FY2021-Q3MaterialisedAnnual report
「For the nine-month period ended the third quarter of 2020 (1 April 2020 to 31 December 2020): Research center, buildings and structures, Izumisano, Osaka Prefecture, ¥294 million; core system, software, United States, ¥292 million; Tokyo branch, buildings and structures, etc., Minato-ku, Tokyo, ¥187 million」
Impairment losses were recognized in connection with the discontinuation of use of the research center, the replacement of the core system at the overseas consolidated subsidiary and the relocation of the Tokyo branch, comprising ¥294 million for the research center, ¥292 million for the core system and ¥187 million for the Tokyo branch, among others. - FY2021-Q2MaterialisedAnnual report
「For the six-month period ended the second quarter of 2020 (1 April 2020 to 30 September 2020): Research center, buildings and structures, Izumisano, Osaka Prefecture, ¥294 million; core system, software, United States, ¥292 million」
Impairment losses totaling ¥586 million were recognized due to the decision to discontinue use of the research center and the replacement of the core system at the overseas consolidated subsidiary in the United States. - FY2020MaterialisedAnnual report
「Impairment losses for the current consolidated fiscal year totaled ¥900 million, comprising ¥276 million for soy protein food production equipment, ¥241 million for a logistics warehouse, ¥160 million for sunflower oil extraction equipment, ¥66 million for employee housing, ¥63 million for imported-materials production equipment, ¥51 million for logistics warehouse equipment, and ¥41 million for soy milk production equipment.」
Regarding impairment risk for fixed assets and acquired businesses, impairment losses totaling ¥900 million have arisen across multiple production facilities, logistics facilities and employee housing. - FY2020-Q3MaterialisedAnnual report
「For the nine-month period ended the third quarter of 2019 (1 April 2019 to 31 December 2019): Employee housing, land, buildings, etc., Tsukubamirai, Ibaraki Prefecture, ¥66 million; logistics warehouse equipment, buildings, etc., Soka, Saitama Prefecture, ¥51 million」
Impairment losses of ¥66 million for employee housing and ¥51 million for logistics warehouse equipment, totaling ¥117 million, were recognized, showing that fixed-asset impairment risk continues to materialize. - FY2020-Q2MaterialisedAnnual report
「For employee housing, the carrying amount of the relevant assets was reduced to recoverable value following the decision to close the facilities, and the reduction was recognized as an impairment loss under extraordinary losses.」
During the six-month period ended the second quarter, impairment losses of ¥66 million for employee housing and ¥51 million for logistics warehouse equipment, totaling ¥117 million, were recognized, showing that fixed-asset impairment risk continues to materialize. - FY2019MaterialisedAnnual report
「Impairment losses for the current consolidated fiscal year totaled ¥2,039 million, comprising ¥1,728 million for soy protein production equipment, ¥270 million for a training center, and ¥40 million for soy milk production equipment.」
Fixed-asset impairment totaled ¥2,039 million for the full fiscal year, primarily involving soy protein production equipment in Jilin Province, China. - FY2019-Q3MaterialisedAnnual report
「In the Soybean segment, an impairment loss of ¥1,728 million was recognized for soy protein production equipment due to a decline in recoverable value.」
An impairment loss of ¥1,728 million was recognized for soy protein production equipment in Jilin Province, China, due to a decline in recoverable value, showing that fixed-asset impairment risk has materialized. - FY2019-Q2MaterialisedAnnual report
「For the above assets, the carrying amounts of the relevant assets were reduced to their recoverable values following the cessation of use, and the reductions were recognized as impairment losses under extraordinary losses. The breakdown was ¥828 million for buildings and structures, ¥802 million for machinery, equipment and vehicles, and ¥120 million for other assets.」
An impairment loss of ¥1,750 million was recognized for soy protein production equipment in Jilin Province, China, following the cessation of use, newly highlighting fixed-asset impairment risk. - FY2018MaterialisedAnnual report
「Impairment losses for the current consolidated fiscal year totaled ¥836 million, comprising ¥333 million for employee housing, ¥329 million for soy milk production equipment, ¥109 million for sales and administrative software, ¥36 million for logistics warehouse equipment, and ¥27 million for soy protein food production equipment.」
An impairment loss of ¥836 million was recognized for employee housing, soy milk production equipment, software, a logistics warehouse and soy protein food production equipment, showing that fixed-asset impairment risk has materialized across multiple assets. - FY2017First statedAnnual report
「If expected future cash flows from assets held decline due to production facilities becoming idle or operating rates falling amid rapid changes in the business environment, or acquired businesses performing below their initial plans, impairment losses may arise through the application of impairment accounting for fixed assets, potentially affecting the Group’s performance and financial condition.」
The company identifies impairment risk arising from idle production facilities, lower operating rates and acquired businesses failing to meet their plans as an independent business risk.