Impairment Risk for Fixed Assets
First written in FY2016. 5 of 9 entries say "Materialised", first in FY2017. Latest entry: FY2025.
EBARA Foods Industry moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group conducts thorough deliberations and makes decisions on business plans, including capital investment, at meetings of the Board of Directors and management meetings. Following acquisition, it also regularly reviews the status of its investments.」
The company continues to cite deliberation of investment plans and regular post-acquisition reviews as measures to address impairment and other risks relating to assets held. - FY2023RestatedAnnual report
「The Group conducts thorough deliberations and makes decisions on business plans, including capital investment, at meetings of the Board of Directors and management meetings. Following acquisition, it also regularly reviews the status of its investments.」
As measures to address the risk of impairment of fixed assets and investment assets, the company continues to cite deliberation of investment plans and regular post-acquisition reviews. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, a decision was made to review the production structure of 荏原食品（上海）有限公司 in connection with its business restructuring. Accordingly, the carrying amount of the fixed assets related to the business was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥76 million was recognized on buildings, machinery and other assets in connection with the review of 荏原食品（上海）'s production structure. - FY2020MaterialisedAnnual report
「Because a decision had been made to sell the above assets, their carrying amounts were reduced to their recoverable amounts, with the reduction recognized as an impairment loss. Recoverable amounts were measured based on net selling prices and calculated using the planned property sale price and other factors. The assets were sold in January 2020.」
For the employee resort facility in Ito, Shizuoka Prefecture, an impairment loss of ¥126 million on buildings and structures and ¥39 million on land, for a total of ¥165 million, was recognized following the decision to sell, and the facility was sold in January 2020. - FY2020-Q3MaterialisedAnnual report
「Because a decision was made to sell the above assets, their carrying amounts were reduced to their recoverable amounts, and the resulting reduction was recorded as an impairment loss.」
For the employee resort facility in Ito, Shizuoka Prefecture, an impairment loss of ¥165 million was recognized on the buildings and structures and land following the decision to sell. The assets were sold in January 2020. - FY2019RestatedAnnual report
「If recovery of the investment in these assets becomes unlikely due to declines in fair value, profitability or other factors, impairment accounting will apply, potentially affecting the Group's performance.」
The company continues to describe impairment risk arising from declines in the fair value or profitability of fixed assets. It states that there were no impairment losses for the consolidated fiscal year. - FY2018MaterialisedAnnual report
「The resulting ¥18 million reduction was recorded as an impairment loss under extraordinary losses.」
The company measured the value in use of business assets in Sapporo at zero and recorded an ¥18 million impairment loss. - FY2017MaterialisedAnnual report
「Because the above assets were scheduled for sale, their carrying amounts were reduced to their recoverable amounts, and the resulting ¥14 million reduction was recorded as an impairment loss under extraordinary losses.」
The company recorded a ¥14 million impairment loss on idle assets in connection with their scheduled sale, and the risk of impairment of fixed assets materialized as an actual loss. - FY2016First statedAnnual report
「If recovery of the investment in these assets becomes unlikely due to declines in fair value, profitability or other factors, impairment accounting will apply, potentially affecting the Group's performance.」
The company discloses impairment risk associated with declines in the fair value or profitability of machinery, land and other assets.