Impairment Losses Resulting from Changes to the Water Business Plan and Production Equipment Specifications
First written in FY2017-Q3. 3 of 7 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
TRUST Holdings 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 2020: 51 of 96 companies on the "Worse" side.
26 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Current consolidated fiscal year (from 1 July 2023 to 30 June 2024) <Other Businesses> Kyushu Water Business Goodwill 12,071 Patent rights 38,907」
The Water Business recognized total impairment losses of ¥51,147 thousand, primarily on goodwill and patent rights. - FY2023WorsenedAnnual report
「<Other Businesses> Hydrogen-Rich Water Business Goodwill 32,262 Buildings and structures 12,313」
The Hydrogen-Rich Water Business recognized an impairment loss of ¥44,575 thousand on goodwill, buildings and other assets combined. - FY2021-Q3WorsenedAnnual report
「In the Water Business, in light of the continued decline in profitability resulting from changes in the business environment, the Company considered the future earnings outlook and recoverability, estimated the recoverable amount at zero and recognized an impairment loss.」
The Company recognized an impairment loss of ¥52,430 thousand on hydrogen-rich water production equipment due to the continued decline in profitability resulting from changes in the business environment. - FY2018RestatedAnnual report
「In the Water Business, the Company discontinued sales of hydrogen-rich water dispensers and disposed of inventories and other items, recognizing a loss on disposal of inventories as an extraordinary loss.」
The discontinuation of hydrogen-rich water dispenser sales and recognition of a ¥37,721 thousand loss on disposal of inventories are also confirmed for the full year. - FY2018-Q3Discontinuation of Hydrogen-Rich Water Dispenser Sales and Loss on Disposal of InventoriesAnnual report
「In the Water Business, the Company discontinued sales of hydrogen-rich water dispensers and disposed of inventories and other items, recognizing a loss on disposal of inventories as an extraordinary loss.」
Following the discontinuation of hydrogen-rich water dispenser sales, the Company disposed of inventories and recognized a loss on disposal of inventories of ¥37,721 thousand. - FY2017RestatedAnnual report
「Hydrogen-rich water generator mold Construction in progress 23,060」
The ¥23,060 thousand impairment loss associated with changes to the Water Business's new business plan and equipment specifications is also confirmed in the full-year notes. - FY2017-Q3MaterialisedAnnual report
「In the Water Business segment, due to changes to the plan for the new business scheduled for the current consolidated fiscal year and substantial changes to the specifications of the production equipment for that business, the Company recognized the full cost incurred to manufacture the production equipment as an impairment loss. The impairment loss recognized during the nine-month period of the current consolidated fiscal year was ¥23,060 thousand.」
Changes to the new business plan and the production equipment specifications resulted in an impairment loss of ¥23,060 thousand.