Delays in the China Household Tissue Base Paper Business Plan and Impairment Risk
First written in FY2023. 2 of 3 entries say "Materialised", first in 2026-05-15. Latest entry: FY2026.
Oji Holdings moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 5 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「As indicators of impairment were identified for property, plant and equipment related to the business (¥8,984 million), the company conducted an impairment test in accordance with International Accounting Standard 36, Impairment of Assets.」
The impairment risk associated with delays to and deteriorating profitability in the China tissue base paper business materialized, and the company recognized an impairment loss of ¥4,615 million. - 2026-05-15MaterialisedEarnings
「Jiangsu Oji Paper Co., Ltd. Assets for the household paper base paper business China Jiangsu Province 4,615 Manufacturing equipment for household paper base paper, etc.」
The Chinese household paper base paper business incurred an impairment loss of ¥4.615 billion on manufacturing equipment and other assets at Jiangsu Oji Paper. - FY2023First statedAnnual report
「The business plan continues to be delayed due to disruptions to global logistics, including lockdowns in China stemming from the spread of COVID-19, soaring raw material and fuel prices amid the current international situation surrounding Ukraine, and facility shutdowns caused by unexpected breakdowns and other factors. As indicators of impairment were identified for property, plant and equipment related to the business (¥11,242 million), the company conducted an impairment test in accordance with International Accounting Standard 36, Impairment of Assets.」
In the China tissue base paper business, logistics disruptions, soaring raw material and fuel prices, and facility shutdowns caused delays to the business plan and indicators of impairment. As a result of the impairment test, the recoverable amount exceeded the carrying amount, and no impairment loss was recognized for the fiscal year.