Impairment Risk for Fixed Assets
First written in FY2016. 3 of 10 entries say "Restated". Latest entry: FY2026.
Shinobu Foods Products moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 66 of 128 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「At the Chiba Plant, which has ¥1,426 million in property, plant and equipment, including ¥658 million in land, the Group identified an indication of impairment owing to a significant decline in the market value of land. After determining whether an impairment loss needed to be recognized, the Group did not recognize an impairment loss at the Chiba Plant because total estimated undiscounted future cash flows exceeded the carrying value of property, plant and equipment.」
The Company recognized no new impairment loss during the current fiscal year and stated that, although an indication of impairment remains at the Chiba Plant, undiscounted future cash flows exceeded carrying value. - 2026-05-28WorsenedGeneral Meetings of Shareholders
「At the Chiba Plant, indications of impairment have been identified due to a significant decline in the market value of the land.」
The company disclosed indications of impairment at the Chiba Plant. No impairment loss was recognized, however. - FY2025MaterialisedAnnual report
「At the Hiroshima Plant, where deteriorating performance and other factors were identified, the total estimated undiscounted future cash flows fell below the carrying value of property, plant and equipment. Accordingly, the carrying value of the assets was reduced to their recoverable amount, and an impairment loss of ¥937 million was recognized.」
Following the Nagoya Plant, the Company recognized an impairment loss of ¥937 million at the Hiroshima Plant against the backdrop of deteriorating performance. - FY2024MaterialisedAnnual report
「At the Nagoya Plant, where a significant decline in the market value of land and other factors were identified, the total estimated undiscounted future cash flows fell below the carrying value of property, plant and equipment. Accordingly, the carrying value of the assets was reduced to their recoverable amount, and an impairment loss of ¥812 million was recognized.」
Following the Osaka Plant in the previous fiscal year, the Company recognized an impairment loss of ¥812 million at the Nagoya Plant against the backdrop of declining land prices and other factors. - FY2023MaterialisedAnnual report
「At the Osaka Plant, where a significant decline in the market value of land was identified, the total estimated undiscounted future cash flows fell below the carrying value of property, plant and equipment. Accordingly, the carrying value of the assets was reduced to their recoverable amount, and an impairment loss of ¥1,473 million was recognized.」
For the Osaka Plant, where an indication of impairment had previously been identified but no loss recognized, the Company recognized an impairment loss of ¥1,473 million against the backdrop of declining land prices. - FY2022WorsenedAnnual report
「At the Osaka Plant, which has ¥3,292 million in property, plant and equipment, including ¥2,293 million in land; the Nagoya Plant, which has ¥1,769 million, including ¥382 million in land; the Chiba Plant, which has ¥1,416 million, including ¥658 million in land; and the Okayama Plant, which has ¥761 million, including ¥167 million in land, the Group has identified indications of impairment owing to significant declines in the market value of land or deteriorating performance.」
The number of plants with indications of impairment increased from the previous 3 to 4, including the Okayama Plant, and deteriorating performance was also identified as a contributing factor. At the same time, no impairment loss was recognized. - FY2021WorsenedAnnual report
「At the Osaka Plant, which has ¥3,391 million in property, plant and equipment, including ¥2,293 million in land; the Nagoya Plant, which has ¥1,912 million, including ¥382 million in land; and the Chiba Plant, which has ¥1,386 million, including ¥658 million in land, the Group has identified indications of impairment owing to significant declines in the market value of land.」
It specifically states for the first time that indications of impairment were identified at all 3 plants in Osaka, Nagoya and Chiba owing to declines in land market prices. However, no impairment loss was recognized for the current period because undiscounted future cash flows exceeded carrying value. - FY2018RestatedAnnual report
「Depending on declines in market value or future cash flows, impairment losses may need to be recognized on these assets, which could affect the Group’s operating results and financial position.」
It continues to identify the possibility of impairment of fixed assets as a risk. - FY2017RestatedAnnual report
「Depending on declines in market value or future cash flows, impairment losses may need to be recognized on these assets, which could affect the Group’s operating results and financial position.」
It continues to identify the possibility of impairment of fixed assets as a risk. - FY2016First statedAnnual report
「Depending on declines in market value or future cash flows, impairment losses may need to be recognized on these assets, which could affect the Group’s operating results and financial position.」
The Group recognized an impairment loss of ¥196 million on land in the previous consolidated fiscal year, but recognized no impairment loss in the current consolidated fiscal year.