Suspension of Use of Paper Manufacturing Equipment and Impairment
First written in FY2017-Q1. 5 of 10 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2019: 6 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026Dismantling of the Gifu Mill completed; impairment at the Mishima Mill continuesAnnual report
「The decrease in the provision for business-structure improvement during the current period resulted from completion of the dismantling work at the Gifu Mill.」
Completion of the dismantling work at the Gifu Mill was disclosed, marking further progress in the structural improvements associated with its closure. Meanwhile, an impairment loss of ¥65 million was recognized in the processing operation of the Mishima Mill’s Second Manufacturing Department due to a decline in demand. - 2026-05-14AchievedFinancial results presentationSuggests it is closing out
「Fibric*, which had been developed, will be discontinued.」
The withdrawal from the Fibric business was explicitly stated in the review of the Sixth Medium-Term Management Plan, indicating that the business was halted and exited. - FY2025AdvancedAnnual report
「Because a decision was made during the current fiscal year to repurpose the Shimada Mill’s fabric operation of that business, the asset’s carrying amount was reduced to its recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
A decision was made to repurpose the fabric facilities at the Shimada Mill, and an impairment loss of ¥612 million was recognized. - FY2024AdvancedAnnual report
「Business-structure improvement expenses 279 These expenses comprise special retirement payments and other costs associated with the closure of the Gifu Mill in connection with the consolidation of the production system for the Company’s specialty paper business.」
The consolidation of the production system associated with the closure of the Gifu Mill has progressed, and ¥279 million in special retirement payments and other costs was recognized as business-structure improvement expenses. The facilities plan schedules completion of the closure for December 2025. - FY2024-Q3AdvancedAnnual report
「Business-structure improvement expenses 181 These expenses comprise special retirement payments and other costs associated with the closure of the Gifu Mill in connection with the consolidation of the production system for the Company’s specialty paper business.」
The Company recognized ¥181 million in special retirement payments and other costs associated with the closure of the Gifu Mill as business-structure improvement expenses, in connection with the consolidation of the specialty paper production system. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 May 2023, the Company resolved to close the Gifu Mill in connection with the consolidation of its specialty paper production system.」
The consolidation of the specialty paper production system took concrete form in the resolution to close the Gifu Mill, with production scheduled to cease at the end of March 2024. - FY2022WorsenedAnnual report
「The processing operation of the Mishima Mill’s Second Manufacturing Department was expected to continue generating operating losses, and indicators of impairment were identified. Accordingly, the Company assessed whether to recognize an impairment loss for the current fiscal year. Because total undiscounted future cash flows were below the asset’s carrying amount, the carrying amount was reduced to its recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
Operating losses were expected to continue in the processing operation of the Mishima Mill’s Second Manufacturing Department, and an impairment loss of ¥72 million was recognized. - FY2017AdvancedAnnual report
「The Company decided to close the Yokoi Mill as part of its business-structure restructuring measures.」
The decision to close the Yokoi Mill was also included in the facilities plan, with completion scheduled for October 2019. - FY2017-Q2RestatedAnnual report
「Because the Company decided to suspend the use of the asset during the cumulative second quarter of the current fiscal year, it reduced the asset’s carrying amount to its recoverable amount and recognized the reduction as an impairment loss under extraordinary losses. The breakdown was ¥16 million for machinery, equipment and vehicles.」
The decision to suspend use of the paper manufacturing facilities in Shimada City and the recognition of the ¥16 million impairment loss are reiterated. - FY2017-Q1First statedAnnual report
「Because the Company decided to suspend the use of the asset during the cumulative first quarter of the current fiscal year, it reduced the asset’s carrying amount to its recoverable amount and recognized the reduction as an impairment loss under extraordinary losses. The breakdown was ¥16 million for machinery, equipment and vehicles.」
The Company decided to suspend use of the paper manufacturing facilities in Shimada City and recognized an impairment loss of ¥16 million on machinery, equipment and vehicles.