Risk of Impairment of Fixed Assets Used in the Manufacturing and Sales Business
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 5 of 16 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe FY2024 business risks do not identify impairment risk for property, plant and equipment in the manufacturing and sales business as a separate item.
- FY2023RestatedAnnual report
「As a result of the review, the Company determined that undiscounted future cash flows for the business exceeded the carrying amount of its property, plant and equipment of ¥376.331 million (¥293.592 million in the previous consolidated fiscal year), and did not recognize an impairment loss.」
The Company continues to disclose indications of impairment in the manufacturing and sales business, but determined that undiscounted future cash flows exceeded the carrying amount and did not recognize an impairment loss for the current year either. - FY2022First statedAnnual report
「In the manufacturing and sales business, orders declined due to the impact of COVID-19, and operating profit or loss was expected to remain negative. The Company therefore determined that there were indications of impairment and considered whether to recognize an impairment loss. As a result, the Company determined that undiscounted future cash flows for the business exceeded the carrying amount of its property, plant and equipment of ¥293.592 million, and did not recognize an impairment loss.」
The Company determined that there were indications of impairment in the manufacturing and sales business, but estimated that undiscounted future cash flows would exceed the carrying amount of property, plant and equipment, and did not recognize an impairment loss for the current year.