Impairment of Fixed Assets Due to Deteriorating Business Profitability
First written in FY2018. 3 of 6 entries say "Restated". Latest entry: FY2026.
Yoshimura Food Holdings K.K. moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
67 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In addition to the prolonged rise in prices, the price of tuna, the main raw material for our core product negitoro, and the prices of secondary materials such as trimmings increased. We therefore reviewed the future business plan of 株式会社雄北水産. As uncertainty regarding future earnings increased, we carefully examined recoverability, reduced the carrying amount to the recoverable amount, and recorded ¥24 million as an impairment loss under extraordinary losses.」
Following a review of 雄北水産's business plan, an impairment loss of ¥24 million on fixed assets, including buildings and machinery, was actually recorded. - FY2023RestatedAnnual report
「If business earnings deteriorate or the fair value of the relevant fixed assets declines significantly, impairment charges may be required under impairment accounting, which could affect the Group's operating results and financial position.」
The risk of impairment due to deteriorating business earnings and declining fixed-asset values continues. - FY2023-Q3RestatedAnnual report
「An impairment loss on fixed assets was recorded in the Manufacturing Business segment. The impairment loss recorded for the nine-month period of the current third quarter consolidated cumulative period was ¥31 million.」
The ¥31 million impairment loss on fixed assets related to エスケーフーズ is restated as an impairment loss in the Manufacturing Business segment. - FY2023-Q2MaterialisedAnnual report
「In light of the impact of the spread of COVID-19, the sharp depreciation of the yen and the steep rise in raw material prices, we reviewed the future business plan of 株式会社エスケーフーズ, a consolidated subsidiary. As uncertainty regarding future earnings increased, we carefully examined recoverability, reduced the carrying amount to the recoverable amount, and recorded ¥31 million as an impairment loss under extraordinary losses.」
Following a review of エスケーフーズ' business plan against the backdrop of infectious disease, yen depreciation and surging raw material prices, an impairment loss of ¥31 million on fixed assets was actually recorded. - FY2020RestatedAnnual report
「If business earnings deteriorate or the fair value of the relevant fixed assets declines significantly, impairment charges may be required under impairment accounting, which could affect the Group's operating results and financial position.」
The risk of impairment of fixed assets continues to be disclosed. - FY2018First statedAnnual report
「If business earnings deteriorate or the fair value of the relevant fixed assets declines significantly, impairment charges may be required under impairment accounting.」
The possibility of impairment of factories and other equipment held by manufacturing subsidiaries due to deteriorating earnings or declining fair value is described.