Uncertainty in estimates related to impairment of fixed assets
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2024: 16 of 42 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「(Material impairment losses related to fixed assets) There were no material occurrences or changes.」
The balance increased due to the acquisition of fixed assets, but the company states that there were no material impairment losses or changes during the interim period. - FY2026RestatedAnnual report
「No impairment loss was recorded during the consolidated fiscal year.」
Although the balance of fixed assets increased, no impairment loss was recorded during the year, and the company continues to disclose the uncertainty of future cash-flow estimates based on the business plan and the possibility of losses. - FY2024MaterialisedAnnual report
「At 3 plants operated by our consolidated subsidiary in the plastics recycling business, namely the Ibaraki, Kansai and Toyama plants, profitability declined. Accordingly, the carrying amounts were reduced to recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses.」
The impairment risk related to future cash-flow estimates for fixed assets materialized as the recognition of a ¥124.775 million impairment loss for 3 plants and other assets. - FY2023RestatedAnnual report
「The total undiscounted future cash flows are based on the business plan, which includes assumptions such as expected future orders and sales and is subject to uncertainty. Accordingly, changes in uncertain future economic conditions and other factors may result in a loss in the next consolidated fiscal year.」
No impairment loss was recognized for property, plant and equipment and other assets during the year, but the uncertainty of future cash-flow estimates based on the business plan and the possibility of losses continue. - FY2022First statedAnnual report
「Property, plant and equipment of ¥225.296 million and intangible fixed assets, excluding goodwill, of ¥311 thousand are recorded under fixed assets in the assets section of the consolidated balance sheet for the consolidated fiscal year. The total undiscounted future cash flows are based on the business plan, which includes assumptions such as expected future orders and sales and is subject to uncertainty. Accordingly, changes in uncertain future economic conditions and other factors may result in a loss in the next consolidated fiscal year.」
The company states that estimates of future cash flows based on the business plan for fixed assets totaling ¥225.296 million and other assets are uncertain, creating the possibility of an impairment loss due to future changes in economic conditions. No impairment loss was recognized for assets during the year.