Risk of Impairment of Fixed Assets
First written in FY2023. 2 of 4 entries say "Worsened", first in FY2024. Latest entry: FY2026.
Tecnisco moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 5 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Company determined that the business assets of TECNISCO (SuZhou) CO.,Ltd. (tangible fixed assets of ¥61,007 thousand) and TECNISCO Advanced Materials Pte.Ltd. (tangible fixed assets of ¥71,772 thousand) showed signs of impairment because operating losses have continued to be recorded. However, in determining whether to recognize an impairment loss, the total undiscounted future cash flows expected to be generated by the asset groups exceeded their carrying amounts, and therefore no impairment loss was recognized.」
Following recognition of an impairment loss of ¥1,271,201 thousand in the previous fiscal year, the Company identified signs of impairment in Suzhou and Singapore during the current fiscal year but recognized no additional impairment loss. - FY2025WorsenedAnnual report
「For the Hiroshima, Suzhou and Singapore plants, the Company recognized the resulting reduction of ¥1,271.201 million as an impairment loss under extraordinary losses.」
The impairment loss increased substantially from ¥92.794 million in the previous period to ¥1,271.201 million, and impairment losses on fixed assets were recognized at the Hiroshima, Suzhou and Singapore sites. - FY2024WorsenedAnnual report
「The resulting reduction of ¥92.794 million was recognized as an impairment loss under extraordinary losses.」
The impairment loss on assets not expected to be used in connection with the Suzhou plant relocation increased from ¥33.885 million in the previous period to ¥92.794 million. - FY2023First statedAnnual report
「At TECNISCO（SuZhou）CO.,Ltd., the Company reduced the carrying amount of assets scheduled for disposal that are not expected to be used in the future in connection with the plant relocation policy to their recoverable amount during the consolidated fiscal year, and recognized the resulting reduction of ¥33.885 million as an impairment loss under extraordinary losses.」
An impairment loss on assets rendered unusable by the plant relocation was actually incurred during the current period.