Risk of fixed asset impairment due to deterioration in the business environment
First written in FY2023. 2 of 4 entries say "Worsened", first in FY2025-H1. Latest entry: FY2025.
Unitika moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2026: 6 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Following a review of the future recoverability of fixed assets held by the Company and the Group, the Company recognized ¥37,932 million in business structure improvement expenses, consisting of impairment losses on fixed assets.」
The risk of impairment of fixed assets expanded significantly, resulting in the recognition of total impairment losses of ¥37,932 million in the Functional Materials, Polymer and Fibers businesses, among others. - FY2025-H1WorsenedAnnual report
「In addition, the company recognized an impairment loss of ¥10,674 million on fixed assets held by the consolidated subsidiary P.T.EMBLEM ASIA, reflecting lower profitability due to a substantial decline in sales in Southeast Asia.」
The risk of impairment of fixed assets materialized not only in the Nonwoven, Industrial Fibers and Apparel Fibers businesses, as previously, but also at P.T.EMBLEM ASIA in Southeast Asia, where an impairment loss of ¥10,674 million was recognized. - FY2024MaterialisedAnnual report
「As a result of recognizing impairment losses of ¥3,872 million on operating assets in the Nonwoven Business, Industrial Fibers Business and Apparel Fibers Business, among other factors, net loss attributable to owners of the parent was ¥5,443 million.」
The risk of impairment of fixed assets materialized as the business environment and earnings deteriorated, resulting in the recognition of total impairment losses of ¥3,872 million in the Nonwoven Business, Industrial Fibers Business and Apparel Fibers Business. - FY2023First statedAnnual report
「The Company may recognize impairment losses on property, plant and equipment and other fixed assets due to significant changes in the business environment, deterioration in earnings and other factors, which may affect the Group's operating results and financial condition.」
The Company identified impairment of fixed assets as a standalone business and other risk. Although indicators of impairment exist in the Nonwoven Business Division and P.T.EMBLEM ASIA, the Company determined that recognition and measurement were not required for the current fiscal year.