Impairment Risk for Fixed Assets
First written in FY2020. 9 of 14 entries say "Restated". Latest entry: FY2025.
Tokuden moved to the "Worse" side of this theme in 2025, 1 year before the typical company in this theme (2026).
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「With respect to production equipment used for construction work in Nantong, Jiangsu Province, China, the Company considered the recoverability of the equipment in light of sales conditions for die-casting machine components in the Chinese market. As a result, it reduced the carrying amount to the recoverable amount and recognized the reduction as an impairment loss.」
The risk of impairment of fixed assets materialized in production equipment used for construction work at a Chinese subsidiary, resulting in an impairment loss of ¥20.797 million. No future cash flows were expected, and the value in use was deemed to be zero. - FY2024RestatedAnnual report
「If the profitability of the Group's fixed assets declines due to a significant deterioration in the business environment or other factors, making it unlikely that the investment will be recovered, impairment losses may arise through the application of impairment accounting for fixed assets. This could affect the Group's operating results and financial position.」
The disclosure continues to identify the risk of impairment losses associated with declining profitability of fixed assets. - FY2023RestatedAnnual report
「If the profitability of the Group's fixed assets declines due to a significant deterioration in the business environment or other factors, making it unlikely that the investment will be recovered, impairment losses may arise through the application of impairment accounting for fixed assets. This could affect the Group's operating results and financial position.」
The disclosure continues to identify the risk of impairment losses associated with declining profitability of fixed assets. - FY2023-Q3RestatedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2023 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
The Company continues to estimate impairment accounting for fixed assets based on the assumption that the impact of COVID-19 will remain at the end of the fiscal year ending March 2023. - FY2023-Q2RestatedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2023 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
The Company continues to estimate impairment accounting for fixed assets based on the assumption that the impact of COVID-19 will remain at the end of the fiscal year ending March 2023. - FY2023-Q1RestatedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2023 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
FY2023-Q1 also continues to estimate impairment accounting for fixed assets based on the assumption that the impact of COVID-19 will remain at the end of the fiscal year ending March 2023. - FY2022WorsenedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2023 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
The assumption has been extended from the impact of COVID-19 subsiding by the end of the fiscal year ending March 2022 to an assumption that a certain impact will remain at the end of the fiscal year ending March 2023. - FY2022-Q3RestatedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2022 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
The Company continues to estimate impairment accounting for fixed assets based on the assumption that the impact of COVID-19 will remain at the end of the fiscal year ending March 2022. - FY2022-Q2RestatedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2022 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
Based on the assumption that the impact of COVID-19 will remain at the end of the fiscal year ending March 2022, the Company continues to estimate impairment accounting for fixed assets. - FY2022-Q1RestatedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2022 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
Based on the assumption that the impact of COVID-19 will remain at the end of the fiscal year ending March 2022, the Company continues to estimate impairment accounting for fixed assets. - FY2021WorsenedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2022 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
The assumption has changed from the impact of COVID-19 normalizing by the end of the fiscal year ending March 2021 to an assumption that a certain impact will remain at the end of the fiscal year ending March 2022. - FY2021-Q2WorsenedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that a certain impact will remain at the end of the fiscal year ending March 2021 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
The assumption has changed from the previous quarter's expectation that conditions would normalize during the fiscal year ending March 2021 to an assumption that a certain impact will remain at the fiscal year-end, presuming a prolonged impact. - FY2021-Q1RestatedAnnual report
「Although it is difficult to accurately predict how the impact of COVID-19 will spread or when it will subside, the Group has assumed that conditions will normalize during the fiscal year ending March 2021 and has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
In light of the impact of COVID-19, the Company has estimated impairment accounting for fixed assets based on the assumption that conditions will normalize during the fiscal year ending March 2021. - FY2020First statedAnnual report
「If the profitability of the Group's fixed assets declines due to a significant deterioration in the business environment or other factors, making it unlikely that the investment will be recovered, impairment losses may arise through the application of impairment accounting for fixed assets. This could affect the Group's operating results and financial position.」
The disclosure separately identifies the risk of impairment losses on fixed assets due to deterioration in the business environment or declining profitability.