Emergence of Fixed-Asset Impairment Risk
First written in FY2016. 20 of 34 entries say "Materialised", first in FY2016. Latest entry: 2026-10-30.
Sojitz moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 5 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- 2026-10-30WorsenedEarnings
「固定資産減損損失 △210 △17,292」
固定資産減損損失は前年同期の2億10百万円から当中間期の172億92百万円へ増加した。 - FY2026WorsenedAnnual report
「As a result of the impairment test for the consolidated fiscal year, the recoverable amount of the cash-generating unit fell below its carrying amount, and an impairment loss on property, plant and equipment of ¥16,174 million was recognized.」
An impairment loss of ¥16,174 million was recognized on property, plant and equipment at Australian metallurgical coal mines. Total impairment losses on property, plant and equipment also increased from ¥4,983 million in the previous fiscal year to ¥17,123 million. - FY2026-H1WorsenedAnnual report
「Impairment loss on property, plant and equipment △ 84 △ 210」
Impairment losses on property, plant and equipment for the current interim consolidated period totaled ¥210 million, up from ¥84 million in the same period of the previous year. - FY2025MitigatedAnnual report
「Impairment loss on property, plant and equipment △4,983 △918」
Impairment losses on property, plant and equipment declined from ¥4,983 million in the previous fiscal year to ¥918 million. Meanwhile, impairment losses, including those on goodwill and equity-method investments, continue to be recognized. - FY2025-H1MitigatedAnnual report
「Impairment loss on property, plant and equipment △ 366 △ 84」
Impair losses on property, plant and equipment declined from ¥366 million in the interim period of the previous year to ¥84 million in the current interim period. However, impairment losses themselves continue to be recognized. - FY2024MitigatedAnnual report
「Impairment loss on property, plant and equipment △4,983」
Impairment losses on property, plant and equipment declined from ¥15,908 million in the previous fiscal year to ¥4,983 million. Meanwhile, impairment losses continue to arise, including on the Hokkaido oil and gas interests. - FY2024-Q3MitigatedAnnual report
「Impairment loss on property, plant and equipment △ 2,359 △ 388」
Impairment losses on property, plant and equipment for the third quarter cumulative consolidated period totaled ¥388 million, down from ¥2,359 million in the same period of the previous year. However, impairment losses themselves continue to be recognized. - FY2024-Q2MaterialisedAnnual report
「Impairment loss on property, plant and equipment △ 234 △ 366」
Impairment losses on property, plant and equipment for the second quarter cumulative consolidated period totaled ¥366 million, up from ¥234 million in the same period of the previous year. The risk of impairment continues to materialize as losses. - FY2024-Q1MaterialisedAnnual report
「Impairment loss on property, plant and equipment △ 207 △ 305」
Impairment losses on property, plant and equipment for the first quarter cumulative consolidated period totaled ¥305 million, up from ¥207 million in the same period of the previous year. The risk of impairment of property, plant and equipment continues to materialize as actual losses. - FY2023MaterialisedAnnual report
「The main impairment loss recognized in the consolidated fiscal year was related to system-related intangible assets (software under development) held in the Other segment. An impairment loss of ¥10,944 million was recognized. The Company had been developing a new core system, but numerous issues arose during development, making it difficult to continue. As the project was suspended, an impairment loss was recognized on the costs incurred in the development.」
An impairment loss of ¥10,944 million was recognized on intangible assets following the suspension of the core system development. Total impairment losses on property, plant and equipment and other assets also reached ¥15,908 million. - FY2023-Q3MaterialisedAnnual report
「Impairment loss on property, plant and equipment △ 2,359」
Impairment losses on property, plant and equipment for the cumulative third-quarter period were ¥2,359 million, up from ¥1,363 million in the same period of the previous fiscal year. At a textile business subsidiary of the Retail and Consumer Services segment, losses associated with a policy of partially withdrawing from the business are also included in impairment losses on property, plant and equipment. - FY2023-Q2MaterialisedAnnual report
「Impairment loss on property, plant and equipment △ 165 △ 234」
Impairment losses on property, plant and equipment for the cumulative second-quarter period were ¥234 million, up from ¥165 million in the same period of the previous fiscal year. Impairment of property, plant and equipment continues to materialize as an actual loss. - FY2023-Q1MaterialisedAnnual report
「Impairment loss on property, plant and equipment － 207」
An impairment loss on property, plant and equipment of ¥207 million was recognized in the cumulative first-quarter period, and the impairment risk materialized as an actual loss after none had been recognized in the first quarter of the previous fiscal year. - FY2022-Q3MaterialisedAnnual report
「Impairment loss on property, plant and equipment △ 19 △ 1,363」
Impairment losses on property, plant and equipment for the cumulative third-quarter period were ¥1,363 million, a significant increase from ¥19 million in the same period of the previous fiscal year. - FY2022-Q2MaterialisedAnnual report
「Impairment loss on property, plant and equipment － 165」
An impairment loss on property, plant and equipment of ¥165 million was recognized in the cumulative second-quarter period, and an impairment loss re-emerged after none had been recognized through the previous quarter. - FY2021-Q3MaterialisedAnnual report
「Impairment loss on property, plant and equipment △ 19」
An impairment loss on property, plant and equipment of ¥19 million was recognized in the cumulative third-quarter period, and the impairment risk re-emerged as an actual loss after no loss had been recognized through the previous quarter. - FY2021-Q2MitigatedAnnual report
「Impairment loss on property, plant and equipment △ －」
No impairment loss on property, plant and equipment was recognized for the cumulative second-quarter period, and the impairment loss arising in the previous fiscal year did not newly materialize during the quarter. - FY2021-Q1MitigatedAnnual report
「Impairment loss on property, plant and equipment －」
No impairment loss on property, plant and equipment was recognized for the cumulative first-quarter period. The impairment risk recognized in the previous fiscal year did not materialize as a loss during the quarter. - FY2020MaterialisedAnnual report
「The main impairment losses recognized during the current consolidated fiscal year related to oil and gas interests held by the Energy and Social Infrastructure segment and vessels held by the Aviation and Transportation Projects segment. These losses resulted from declines in oil and gas market prices and charter rate market conditions, respectively.」
Impairment losses caused by declining market conditions were recognized on oil and gas interests and vessels. Impairment losses on property, plant and equipment for the current fiscal year were ¥2,833 million, while total impairment losses, including impairment included in losses on the liquidation of affiliates, were ¥3,121 million. - FY2020-Q3MitigatedAnnual report
「Impairment loss on property, plant and equipment △ 0」
Impairment losses on property, plant and equipment were ¥0 million in the third quarter alone. Although cumulative impairment losses for the third quarter remained at ¥492 million, no new impairment loss was recognized during the quarter. - FY2020-Q2MaterialisedAnnual report
「Quarterly net income decreased by ¥896 million year on year, to ¥1,197 million, due mainly to a decline in gross profit and a decrease in other income and expenses resulting from impairment of property, plant and equipment in the domestic fisheries business.」
Impairment of property, plant and equipment in the domestic fisheries business materialized, with impairment losses totaling ¥492 million for the cumulative second-quarter period, up from ¥65 million in the cumulative second-quarter period of the previous fiscal year. - FY2020-Q1MitigatedAnnual report
「Impairment loss on property, plant and equipment △ 0」
Impairment losses on property, plant and equipment for the cumulative first-quarter period were ¥0 million, down from ¥65 million in the first quarter of the previous fiscal year. - FY2019-Q3MaterialisedAnnual report
「Impairment loss on property, plant and equipment △507」
Impairment losses on property, plant and equipment for the cumulative third-quarter period were ¥507 million, up from ¥195 million in the cumulative third-quarter period of the previous fiscal year. The risk of impairment of property, plant and equipment continues to materialize as an actual loss. - FY2019-Q2RestatedAnnual report
「Impairment loss on property, plant and equipment △65」
Impairment losses on property, plant and equipment for the cumulative second-quarter period were ¥65 million, up from ¥21 million in the cumulative second-quarter period of the previous fiscal year. - FY2019-Q1MaterialisedAnnual report
「Impairment loss on property, plant and equipment △65」
An impairment loss on property, plant and equipment of ¥65 million was recognized in the first quarter, an increase from ¥21 million in the first quarter of the previous fiscal year. The risk of impairment of property, plant and equipment continues to materialize as an actual loss. - FY2018-Q3MaterialisedAnnual report
「Impairment loss on property, plant and equipment △195」
An impairment loss on property, plant and equipment of ¥195 million was recognized in the cumulative third-quarter period, and impairment of property, plant and equipment continues to materialize as an actual loss. - FY2018-Q2RestatedAnnual report
「Impairment loss on property, plant and equipment △21」
An impairment loss on property, plant and equipment of ¥21 million was also recognized in the cumulative second-quarter period. - FY2018-Q1MaterialisedAnnual report
「Impairment loss on property, plant and equipment △21」
An impairment loss on property, plant and equipment of ¥21 million was recognized in the first quarter, and the impairment risk continues to materialize as an actual loss. - FY2017-Q3MaterialisedAnnual report
「Although gross profit declined, quarterly net income decreased by ¥890 million year on year, mainly because impairment losses were recognized on vessels held, to ¥564 million.」
Impairment losses on vessels held were also recognized in the cumulative third-quarter period, bringing impairment losses on property, plant and equipment to ¥2,902 million. - FY2017-Q2MaterialisedAnnual report
「Although gross profit increased, quarterly net income decreased by ¥2,112 million year on year, mainly because impairment losses were recognized on vessels held, resulting in a loss of ¥756 million.」
Impairment losses on vessels held were recognized, bringing impairment losses on property, plant and equipment to ¥2,808 million for the first half. The risk of impairment of property, plant and equipment continues to materialize as actual losses. - FY2017-Q1MaterialisedAnnual report
「Quarterly net income decreased by ¥2,861 million year on year, to ¥751 million, due mainly to a decline in the share of profit or loss of investments accounted for using the equity method. Quarterly net income decreased by ¥1,196 million year on year, resulting mainly from the recognition of impairment losses on vessels held, and amounted to a loss of ¥328 million.」
Impairment losses on vessels held were recognized in the aviation and information segment, bringing impairment losses on property, plant and equipment to ¥370 million. The risk of impairment of property, plant and equipment materialized again during the quarter. - FY2016MaterialisedAnnual report
「During the current consolidated fiscal year, the future cash flows assumed in the previous business plan for the Australian coal interests were no longer expected to be generated. Accordingly, impairment losses of ¥6,662 million were recognized on property, plant and equipment and intangible assets, reducing them to their recoverable amount of ¥13,470 million.」
Impairment losses were recognized on Australian coal interests, iron ore interests and US gas fields as resource prices and the outlook for future cash flows deteriorated.