Impairment of Fixed Assets and Review of Asset Groupings Triggered by COVID-19
First written in FY2021. 6 of 11 entries say "Materialised", first in FY2021. Latest entry: FY2026.
Ishii Food moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2021: 4 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Manufacturing assets in the prepared foods division Because operating losses had continued, the company reduced the carrying amount to the recoverable amount and recognized the reduction of ¥65.184 million as an impairment loss under extraordinary losses.」
Operating losses continued on manufacturing assets in the prepared foods division, resulting in the recognition of ¥65.184 million in impairment losses. Including ¥18.23 million in impairment losses on communication assets, impairment losses for the current fiscal year increased to ¥83.416 million from ¥23.428 million in the previous fiscal year. - FY2026-H1MitigatedAnnual report
「Impairment loss 13,098 1,465」
Impairment losses for the interim period amounted to ¥1.465 million, down from ¥13.098 million in the same period of the previous year. However, the company continued to recognize impairment losses. - FY2025MitigatedAnnual report
「Because operating losses from the manufacturing assets of the prepared foods and New Year dishes divisions had continued, the company reduced their carrying amount to the recoverable amount and recognized the reduction of ¥23.428 million as an impairment loss under extraordinary losses.」
Impairment losses in the prepared foods and New Year dishes divisions amounted to ¥23.428 million, down from ¥39.1 million in the previous fiscal year, but impairment losses continued to be recognized. - FY2025-H1Interim impairment loss updatedAnnual report
「Impairment loss 16,124 13,098」
Impairment losses for the interim period amounted to ¥13.098 million, down from ¥16.124 million in the same period of the previous year, but the recognition of impairment losses on fixed assets continued. - FY2024WorsenedAnnual report
「Because operating losses from the manufacturing assets of the prepared foods and New Year dishes divisions had continued, the company reduced their carrying amount to the recoverable amount and recognized the reduction of ¥39.1 million as an impairment loss under extraordinary losses.」
The company recognized ¥39.1 million in impairment losses on manufacturing assets in the prepared foods and New Year dishes divisions, up from ¥15.055 million in the previous fiscal year. - FY2024-Q3MaterialisedAnnual report
「Impairment loss 3,076 25,684」
Impair losses for the cumulative third quarter amounted to ¥25.684 million, up from ¥3.076 million in the same period of the previous year. Impairment of fixed assets continues to be reflected in earnings. - FY2024-Q2MaterialisedAnnual report
「Impairment loss 3,076 16,124」
Impairment losses for the cumulative second quarter amounted to ¥16.124 million, up from ¥3.076 million in the same period of the previous year. Impairment of fixed assets continued to be reflected in earnings. - FY2023MaterialisedAnnual report
「The company recognized impairment losses on certain asset groups during the current consolidated fiscal year. If the premises or assumptions used in the estimates change during the next consolidated fiscal year and new impairment losses need to be recognized, this could affect the consolidated financial statements for that period.」
The company recognized ¥15.055 million in impairment losses for the full year. The affected assets included manufacturing assets for prepared foods and New Year dishes, idle assets and e-commerce site assets, and the company also disclosed the possibility of additional recognition if future premises change. - FY2023-Q3MaterialisedAnnual report
「Impairment loss 11,999 3,076」
The company recognized ¥3.076 million in impairment losses during the cumulative third quarter, and impairment of fixed assets continued to be reflected in earnings. - FY2022MaterialisedAnnual report
「The company recognized ¥14.441 million in impairment losses as extraordinary losses on manufacturing assets in the prepared foods and New Year dishes divisions.」
Even after recognizing a large impairment loss in the previous fiscal year, the company recognized impairment losses of ¥14.441 million on manufacturing assets in the prepared foods and New Year dishes divisions and ¥1.38 million on idle assets. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, the company reviewed its asset groupings because changes arose in the mutual complementarity of cash flows following, among other factors, a review of the production structure for New Year dishes as a COVID-19 prevention measure.」
The company reviewed its asset groupings and recognized ¥650.828 million in impairment losses on manufacturing assets and other assets in the prepared foods and New Year dishes divisions. It also disclosed the possibility of additional impairment losses if assumptions or premises change in subsequent fiscal years.