Impairment losses due to declining profitability in the functional paper business
First written in FY2019. 1 of 14 entries say "Worsened", first in FY2026. Latest entry: FY2026.
Tomoegawa moved to the "Worse" side of this theme in 2026.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「For business-use assets, following the decision to withdraw from domestic paper production by the end of March 2027 as part of structural reforms to the paper business within the Company’s functional sheet business, the carrying amounts of buildings and structures with no expected alternative use and asset groups whose profitability had declined significantly were reduced to their recoverable amounts. The reductions were recognized as impairment losses and recorded under extraordinary losses.」
Impairment losses increased from ¥164 million in the previous fiscal year to ¥270 million in the current fiscal year, comprising ¥204 million for functional sheet business assets associated with the withdrawal from paper production and ¥65 million for intangible assets of a Hong Kong toner sales company. - FY2026-H1Increase in interim-period impairment lossesAnnual report
「Extraordinary losses Impairment loss 51 136」
Impairment losses for the interim period were ¥136 million, up from ¥51 million in the same interim period of the previous year. Impairment losses on manufacturing equipment were a factor behind the decline in interim net income attributable to owners of the parent. - FY2025Continued decrease in impairment lossesAnnual report
「Current consolidated fiscal year (from 1 April 2024 to 31 March 2025)… production facilities of the functional sheet business… impairment loss of ¥164 million」
The company recognized an impairment loss of ¥164 million on production facilities in the functional sheet business. Although this was down from ¥353 million in the previous fiscal year, impairment losses associated with the shrinking market and lower profitability continued to be recognized. - FY2024Decline in impairment lossesAnnual report
「The company recognized impairment losses totaling ¥183 million, comprising ¥49 million on idle assets in the semiconductor and display-related businesses and ¥134 million on production facilities in the functional sheet business.」
Impairment losses declined from ¥353 million in the previous fiscal year to ¥183 million, but recognition of losses on idle and low-profitability production facilities continued. - FY2024-Q3Decline in impairment lossesAnnual report
「Impairment loss 163 93」
The impairment loss for the cumulative third quarter period was ¥93 million, down from ¥163 million in the same period of the previous fiscal year. - FY2023Increase in impairment lossesAnnual report
「In the current consolidated fiscal year, while consolidating and reorganizing production facilities to further improve productivity in the electronic materials and functional paper businesses, the company classified certain production facilities with declining utilization and no expected future use as idle assets, reduced their carrying amounts to recoverable amounts, and recognized the resulting reduction as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥353 million on idle assets in the electronic materials and functional paper businesses and on coated-paper-related assets with reduced profitability. This was up from ¥29 million in the previous year. - FY2023-Q3Increase in impairment lossesAnnual report
「Impairment loss 19 163」
The impairment loss for the cumulative third quarter period was ¥163 million, up from ¥19 million in the same period of the previous fiscal year. - FY2023-Q2Increase in impairment lossesAnnual report
「Impairment loss 12 37」
The impairment loss for the cumulative second quarter period was ¥37 million, up from ¥12 million in the same period of the previous fiscal year. - FY2023-Q1Continued recognition of impairment lossesAnnual report
「Impairment loss 10 24」
The impairment loss for the cumulative first quarter period was ¥24 million, up from ¥10 million in the same period of the previous fiscal year. - FY2022-Q3Continued recognition of impairment lossesAnnual report
「Impairment loss 65 19」
The company recognized an impairment loss of ¥19 million in the cumulative third quarter period, down from ¥65 million in the cumulative third quarter period of the previous fiscal year. - FY2022-Q2Continued recognition of impairment lossesAnnual report
「Impairment loss 55 12」
The company recognized an impairment loss of ¥12 million in the cumulative second quarter period as well. Although this was down from the previous fiscal year, impairment losses continued to be recognized. - FY2022-Q1Continued recognition of impairment lossesAnnual report
「Total extraordinary losses ¥12 million」
The company recognized ¥12 million in extraordinary losses, including an impairment loss of ¥10 million, in the first quarter, and continued to recognize impairment losses related to the functional paper business and other operations. - FY2020Continued recognition of impairment lossesAnnual report
「Impairment loss 811 89」
The company also recognized an impairment loss of ¥89 million in the current fiscal year, down from ¥811 million in the functional paper business in the previous fiscal year. - FY2019First statedAnnual report
「For the asset group of the company’s specialty paper business, whose profitability declined significantly because of the sharp rise in pulp prices, the company reduced the carrying amount to the recoverable amount and recorded an impairment loss of ¥811 million as an extraordinary loss.」
The company recognized an impairment loss of ¥811 million on the asset group for the functional paper business due to lower profitability resulting from soaring pulp prices.