Impairment Risk for Held Assets and Processing Equipment
First written in FY2019. 3 of 5 entries say "Materialised", first in FY2021. Latest entry: FY2024.
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- FY2024MaterialisedAnnual report
「For A.Tosh Ishimitsu Beverages India Private Limited, following a review of the business plan based on recent performance trends, we reduced the carrying amount of the asset group to its recoverable amount and recognized ¥161.935 million as an impairment loss under extraordinary losses.」
Following a review of the business plan for the Indian subsidiary, the group actually recognized an impairment loss of ¥161.935 million. - FY2024-Q3MaterialisedAnnual report
「For A.Tosh Ishimitsu Beverages India Private Limited, following a review of the business plan based on recent performance trends, we reduced the carrying amount of the asset group to its recoverable amount and recognized ¥160.419 million as an impairment loss under extraordinary losses.」
Following a review of the business plan for the Indian subsidiary, the group actually recognized an impairment loss of ¥160.419 million. - FY2022MitigatedAnnual report
「Because continuing operating losses indicated possible impairment, we performed an impairment assessment. As the estimated total undiscounted future cash flows exceeded the carrying amount of the relevant assets at the end of the current consolidated fiscal year, ¥148.761 million, we decided not to recognize an impairment loss.」
Although the tangible fixed assets of the Indian subsidiary showed indications of impairment, the group determined that future cash flows would exceed their carrying amount and avoided recognizing an impairment loss in the current period. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, our group recognized impairment losses on the following assets: Japan: operating assets, machinery and equipment, 32,337; China: operating assets, leased assets, 40,893」
The group actually recognized total impairment losses of ¥73.231 million on assets for which recovery of the investment was no longer expected due to declining demand. - FY2019First statedAnnual report
「If demand falls substantially below initial forecasts due to an unexpected event or other factor, or if a production defect caused by an unforeseen machinery or equipment failure is not repaired for an extended period and disrupts supply, this may affect the profit and loss and cash flows associated with the assets concerned. If the situation worsens, impairment may become unavoidable, which could affect our group’s financial position and operating results.」
The group has, for the first time, separately listed the risk that capital investment in processing plants may lead to impairment due to weaker demand or machinery and equipment failures.