Delica Foods Holdings (3392) · RiskReframed
Continued losses and impairment at the Hokkaido subsidiary
First written in FY2022. 1 of 2 entries say "Materialised", first in FY2022. Latest entry: FY2023-Q3.
2entries
2years
0from disclosures
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Impairment of fixed assets associated with continuing losses at the Hokkaido subsidiaryA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2023-Q3ReframedAnnual report
「During the second quarter of the current consolidated fiscal year, the company carried out an absorption-type merger in which its consolidated subsidiary デリカフーズ㈱ was the surviving company and its consolidated subsidiary デリカフーズ北海道㈱ was the absorbed company.」
デリカフーズ北海道, for which continued losses and impairment losses had been reported, was removed from the scope of consolidation through its absorption-type merger with デリカフーズ. This indicates a change in the business structure under which the Hokkaido subsidiary was operated as a separate company. - FY2022MaterialisedAnnual report
「Because profit or loss from operating activities related to the business-use assets remained negative and an early return to profitability was not expected, the company reduced their carrying amount to recoverable value and recorded the decrease as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥119.306 million on the business-use assets of デリカフーズ北海道 due to continued losses and the lack of prospects for an early return to profitability. The Hokkaido subsidiary also had negative net assets of ¥193.545 million as of the end of March 2022.