Impairment losses on overseas property, plant and equipment and cancellation penalties related to the sale of property, plant and equipment in China
First written in FY2019-Q2. 5 of 13 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
Matsuoka moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 9 of 15 companies on the "Worse" side.
19 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Extraordinary losses for the consolidated fiscal year increased by ¥266 million from the previous consolidated fiscal year because impairment losses and losses on the sale of investment securities occurred at subsidiaries.」
Impairment losses and other items occurred at a subsidiary. The notes stated that impairment losses of ¥204 million were recognized on warehouses and other assets at AN NAM MATSUOKA GARMENT CO.,LTD. - 2026-05-14MaterialisedFinancial results presentation
「親会社株主に帰属する当期純利益は、連結子会社において減損損失を特別損失として計上したものの、経常利益の増益から達成。」
連結子会社における減損損失の計上が記載され、減損影響が再び実績化した。 - FY2025MitigatedAnnual report
「Extraordinary losses for the consolidated fiscal year decreased by ¥513 million from the previous consolidated fiscal year because the impairment of property, plant and equipment at PT.MATSUOKA INDUSTRIES INDONESIA recognized in the previous consolidated fiscal year did not occur in the current fiscal year.」
The impairment of property, plant and equipment at PT.MATSUOKA INDUSTRIES INDONESIA that occurred in the previous fiscal year did not occur in the current fiscal year, reducing the impact of losses related to overseas property, plant and equipment. - FY2024MaterialisedAnnual report
「Extraordinary losses for the consolidated fiscal year increased by ¥202 million from the previous consolidated fiscal year due to impairment of property, plant and equipment at PT.MATSUOKA INDUSTRIES INDONESIA.」
Impairment losses of ¥513 million were actually recognized on sewing equipment and other assets at PT.MATSUOKA INDUSTRIES INDONESIA, newly highlighting the risk of declining profitability at overseas property, plant and equipment. - FY2022MitigatedAnnual report
「There were no extraordinary losses in the consolidated fiscal year, a decrease of ¥681 million from the previous consolidated fiscal year.」
Impairment losses, valuation losses on shares of affiliated companies, losses on the liquidation of affiliated companies and other items recognized in the previous fiscal year were not recognized in the current fiscal year, reducing the impact of losses related to property, plant and equipment and affiliated companies. - FY2022-Q3RestatedAnnual report
「Gain on sale of property, plant and equipment 100」
The recognition of a ¥100 million gain on the sale of property, plant and equipment continued to be disclosed. - FY2021-Q3RestatedAnnual report
「Extraordinary gains amounted to ¥2,906 million, up 57.6% year on year, mainly due to the recognition of gains on the sale of property, plant and equipment related to the sale of land use rights, buildings and other assets in China.」
The recognition of gains on the sale of property, plant and equipment related to the sale of land use rights, buildings and other assets in China continued to be disclosed as a factor contributing to the increase in profit attributable to owners of the parent. - FY2021-Q2Recognition of gain on sale of fixed assetsAnnual report
「Extraordinary gains amounted to ¥2,614 million, up 169.7% year on year, mainly due to the recognition of gains on the sale of property, plant and equipment related to the sale of land use rights and buildings in China, among other factors.」
During the quarter, gains on the sale of property, plant and equipment related to the sale of land use rights and buildings in China were recognized, following previous disclosures concerning cancellation penalties and impairment losses related to property, plant and equipment in China. - FY2020WorsenedAnnual report
「Extraordinary losses for the consolidated fiscal year amounted to ¥326 million, a decrease of ¥164 million from the previous consolidated fiscal year. This was mainly because impairment losses increased by ¥107 million from the previous consolidated fiscal year to ¥326 million.」
While cancellation penalties related to the sale of property, plant and equipment in China were no longer recognized, impairment losses increased from ¥218 million in the previous fiscal year to ¥326 million, increasing the impact of declining profitability at overseas property, plant and equipment. - FY2020-Q3MitigatedAnnual report
「Profit attributable to owners of the parent amounted to ¥1,844 million, up 21.8% year on year, mainly because cancellation penalties of ¥269 million and other items recognized as extraordinary losses in the cumulative third quarter of the previous fiscal year were no longer recognized.」
Cancellation penalties and other items related to the sale of property, plant and equipment in China, recognized in the third quarter of the previous fiscal year, were no longer recognized in the third quarter of the current fiscal year, reducing their impact on profit attributable to owners of the parent. - FY2019MaterialisedAnnual report
「Extraordinary losses for the consolidated fiscal year amounted to ¥490 million, an increase of ¥300 million from the previous consolidated fiscal year. This was mainly attributable to cancellation penalties of ¥267 million related to the sale of land use rights and buildings in China, impairment losses of ¥218 million, compared with ¥93 million in the previous fiscal year, and other factors.」
Cancellation penalties of ¥267 million related to the sale of property, plant and equipment in China and impairment losses of ¥218 million at BAC GIANG MATSUOKA and other entities were actually recognized for the full fiscal year. - FY2019-Q3RestatedAnnual report
「Profit attributable to owners of the parent amounted to ¥1,513 million, down 10.2% year on year, due to the recognition of impairment losses on property, plant and equipment at consolidated subsidiary BAC GIANG MATSUOKA CO.,LTD (formerly VINA BIRZ CO.,LTD) and cancellation penalties related to the sale of property, plant and equipment in China, as described in the “Notice Regarding the Transfer of Property, Plant and Equipment and Recognition of Extraordinary Gains” disclosed on 13 April 2018.」
Impairment losses on overseas property, plant and equipment and cancellation penalties related to the sale of property, plant and equipment in China were cited as continuing factors weighing on profit attributable to owners of the parent. - FY2019-Q2MaterialisedAnnual report
「Profit attributable to owners of the parent amounted to ¥1,046 million, down 35.6% year on year, due to the recognition of impairment losses on property, plant and equipment at consolidated subsidiary VINA BIRZ CO.,LTD and cancellation penalties related to the sale of property, plant and equipment in China, as described in the “Notice Regarding the Transfer of Property, Plant and Equipment and Recognition of Extraordinary Gains” disclosed on 13 April 2018.」
It was explained that impairment losses on property, plant and equipment at VINA BIRZ and cancellation penalties related to the sale of property, plant and equipment in China were actually recognized, resulting in profit attributable to owners of the parent of ¥1,046 million, down 35.6% year on year.