Fixed-Asset Impairment Risk
First written in FY2016. 7 of 14 entries say "Materialised", first in FY2018. Latest entry: FY2026.
Nippon Coke & Engineering moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 68 of 116 companies on the "Worse" side.
58 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The Company recognized extraordinary losses of ¥7,057 million, including ¥4,436 million in impairment losses related to the optimization of the coke production system and other measures and ¥1,094 million in losses on the disposal of fixed assets.」
The Company recognized ¥4,436 million in impairment losses on fixed assets and other assets to be retired in connection with the transition to a two-furnace-unit system. - FY2026-H1WorsenedAnnual report
「Following the decision to suspend the 1B and 2B furnace units, the Company plans to recognize approximately ¥5 billion in impairment losses and other charges, including charges for ancillary facilities, in the third quarter of the fiscal year ending March 2026.」
Following the decision to suspend the two aging furnace units, the Company indicated plans to recognize approximately ¥5 billion in impairment losses and other charges in the third quarter of the fiscal year ending March 2026, making the risk of impairment of fixed assets more concrete. - FY2025WorsenedAnnual report
「The Group determined that there were indications of impairment for ¥57,209 million of fixed assets in the asset group related to the coke business because the coke business had posted operating losses for two consecutive fiscal years after the allocation of corporate expenses. However, in determining whether to recognize an impairment loss, the total undiscounted future cash flows expected from the asset group exceeded its carrying amount, and therefore no impairment loss was recognized.」
Indicators of impairment for fixed assets in the coke business continued, and the assets subject to review increased to ¥57,109 million. No impairment loss was recognized, but operating losses for two consecutive fiscal years were specified. - FY2024MaterialisedAnnual report
「Impairment loss 5」
The Group recognized ¥5 million in impairment losses in the Other business during the current fiscal year. Meanwhile, although the Group determined that there were indications of impairment for ¥47,174 million of fixed assets in the coke business, it did not recognize an impairment loss. - FY2023MitigatedAnnual report
「Fiscal year from 1 April 2022 to 31 March 2023; None applicable.」
No impairment losses on fixed assets were recognized during the current fiscal year, and the impairment losses incurred in the previous fiscal year were not identified for the full fiscal year. - FY2022MaterialisedAnnual report
「Fiscal year from 1 April 2021 to 31 March 2022; Other assets; Omuta, Fukuoka Prefecture; Land; ¥32 million」
The Group recognized ¥32 million in impairment losses on land in Omuta, Fukuoka Prefecture, and the risk of declining fixed-asset values was reflected in actual results. - FY2021RestatedAnnual report
「If asset values decline further due to, among other factors, additional declines in market value or profitability, impairment losses may become unavoidable and could affect the Group's operating results and financial position.」
The Group continues to disclose the risk of declining fixed-asset values and impairment. No impairment losses were recognized during the current fiscal year. - FY2020MaterialisedAnnual report
「Although no business was determined to show indications of impairment during the current fiscal year, depending on profit and loss conditions and other factors in the next fiscal year, the property, plant and equipment of the coke business may be determined to show indications of impairment.」
The Group recognized ¥48 million in impairment losses on land used in the Other business during the current fiscal year, and the risk of declining fixed-asset values was reflected in actual results. The Group newly specified the possibility of future impairment indicators for the coke business. - FY2019RestatedAnnual report
「If asset values decline further due to, among other factors, additional declines in market value or profitability, impairment losses may become unavoidable and could affect the Group's operating results and financial position.」
The Group continues to disclose the risk of impairment arising from declines in the market value and profitability of property, plant and equipment. No impairment losses were applicable for the current fiscal year. - FY2018MaterialisedAnnual report
「Fiscal year from 1 April 2017 to 31 March 2018」
The Group recognized total impairment losses of ¥49 million on land and other assets during the current fiscal year, and the risk arising from declining fixed-asset values was reflected in actual results. - FY2017RestatedAnnual report
「If asset values decline further due to, among other factors, additional declines in market value or profitability, impairment losses may become unavoidable and could affect the Group's operating results and financial position.」
The Group continues to disclose the risk of impairment arising from declines in the market value and profitability of property, plant and equipment. Impairment losses for the current fiscal year were ¥23 million. - FY2016First statedAnnual report
「If asset values decline further due to, among other factors, additional declines in market value or profitability, impairment losses may become unavoidable and could affect the Group's operating results and financial position.」
The Group recognized ¥1,267 million in impairment losses on assets used in the comprehensive engineering business and other assets during the current fiscal year, with the impairment of assets used in the chemical equipment business attributed to declining profitability.