Ongoing losses and impairment risk for fixed assets in the decorative corrugated packaging business
First written in FY2021. 13 of 21 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-10-14.
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- 2026-10-14MitigatedEarnings
「当事業関連では、主力の青果物関連品は前事業年度の価格改定前の仮需の反動でやや低調だったものの、全体としては製品価格改定の効果で売上高は414百万円(前年同四半期比1.5％増)と増収、セグメント利益も24百万円(前年同四半期比134.5％増)で増益となりました。」
美粧段ボール事業は、主力品の低調さがある一方、製品価格改定の効果で増収増益となり、継続赤字による収益面のリスクが緩和された。 - FY2026MitigatedAnnual report
「In terms of results, segment profit improved to ¥0 million, compared with a segment loss of ¥44 million in the previous fiscal year.」
The decorative corrugated board business improved from a segment loss of ¥44 million in the previous fiscal year to segment profit of ¥0 million in the current fiscal year, easing the impact on profitability from persistent losses. - FY2026-H1MitigatedAnnual report
「Partly due to the benefits of product price revisions, revenue was ¥741 million, up 0.1% year on year, and segment profit was ¥12 million, compared with a segment loss of ¥12 million in the same period of the previous year.」
The decorative corrugated board business turned from a segment loss of ¥12 million in the same period of the previous year to profit of ¥12 million, easing the profitability risk from persistent losses during the interim period. However, growth in digital printing machine products has slowed. - FY2025WorsenedAnnual report
「Although the core products for fresh produce remained sluggish, new orders, including digital printing products, offset the weakness, and revenue increased to ¥1,334 million, up 5.0% from the previous fiscal year. In terms of results, higher delivery and labor costs resulted in a segment loss of ¥44 million, compared with a segment loss of ¥3 million in the previous fiscal year.」
Revenue from the decorative corrugated board business increased due to new orders, but the segment loss widened from ¥3 million to ¥44 million due to higher delivery and labor costs. The profitability risk related to persistent losses and indications of impairment intensified again. - FY2025-H1WorsenedAnnual report
「In this business, digital printing products offset sluggish growth in the core products related to fresh produce. Revenue increased to ¥741 million, up 3.3% year on year, but the segment recorded a loss of ¥12 million, compared with segment profit of ¥13 million in the same period of the previous year, due to factors including higher labor and transportation costs.」
Although revenue from the decorative corrugated board business increased through digital printing products, higher labor and transportation costs caused results to turn from profit of ¥13 million in the previous year to a loss of ¥12 million. The impact of persistent losses and impairment risk on profitability has resurfaced. - FY2024MaterialisedAnnual report
「In terms of results, the segment loss narrowed to ¥3 million due to the benefits of product price revisions and other factors, compared with a segment loss of ¥47 million in the previous fiscal year.」
Although the loss in the decorative corrugated board business narrowed from ¥47 million to ¥3 million, an impairment loss of ¥21.386 million was recognized in connection with the relocation of the Osaka Converting Sales Office and the demolition and removal of its building, meaning that the fixed-asset impairment risk partially materialized. - FY2024-Q3MitigatedAnnual report
「In this business, the core products for fresh produce performed steadily, but revenue declined to ¥982 million, down 3.1% year on year, due to shifts in market share and other factors following product price revisions. Segment profit increased to ¥3 million due to the benefits of product price revisions and other factors, compared with a segment loss of ¥26 million in the same quarter of the previous year.」
Although revenue from the decorative corrugated board business declined, it recorded segment profit of ¥3 million due to the benefits of product price revisions and other factors, improving from a ¥26 million loss in the same quarter of the previous year. The impact of persistent losses and impairment risk on profitability eased. - FY2024-Q2MitigatedAnnual report
「In this business, the core products for fresh produce performed steadily, but revenue declined to ¥717 million, down 2.5% year on year, due to shifts in market share following product price revisions. However, segment profit increased to ¥13 million, compared with a segment loss of ¥0 million in the same quarter of the previous year, due to the benefits of product price revisions and other factors.」
Although revenue from the decorative corrugated board business declined, it recorded segment profit of ¥13 million due to the benefits of product price revisions and other factors, improving from a loss in the same quarter of the previous year. The impact of persistent losses and impairment risk on profitability eased during the quarter. - FY2024-Q1MitigatedAnnual report
「In this business, revenue declined to ¥409 million, down 3.5% year on year, due to lower demand and sluggish shipments of the core fresh-produce products, among other factors. However, segment profit was ¥12 million, up 25.2% year on year, partly due to the benefits of product price revisions.」
Although revenue from the decorative corrugated board business declined, segment profit increased 25.2% year on year due to the benefits of product price revisions, easing the persistent-loss risk seen through the previous fiscal year during the quarter. - FY2023WorsenedAnnual report
「In terms of results, product price revisions failed to keep pace with higher prices for corrugated base paper and other raw materials and fuel, as well as various supplies, resulting in a segment loss of ¥47 million, compared with a segment loss of ¥12 million in the previous fiscal year.」
The loss in the decorative corrugated board business widened from ¥12 million to ¥47 million. Although sales continued to expand, the price increases have not been absorbed through product price revisions. - FY2023-Q3WorsenedAnnual report
「Sales of inkjet digital printer products also expanded. Revenue increased to ¥1,013 million, up 6.6% year on year, but soaring raw material, fuel and supplies prices resulted in a segment loss of ¥26 million, compared with a segment loss of ¥12 million in the same quarter of the previous year, representing a decline in profit.」
Although revenue from the decorative corrugated board business increased, the segment loss widened from ¥12 million to ¥26 million due to soaring raw material, fuel and supplies prices, increasing the profitability risk related to persistent losses and fixed-asset impairment. - FY2023-Q2WorsenedAnnual report
「In this business, the core products for fresh produce and communications equipment-related products performed relatively steadily, while sales of inkjet digital printer products also expanded. Revenue increased to ¥735 million, up 5.6% year on year, but soaring raw material, fuel and supplies prices resulted in a segment loss of ¥0 million, compared with segment profit of ¥0 million in the same period of the previous year, representing a decline in profit.」
Although revenue from the decorative corrugated board business increased, segment results declined from profit of ¥9 million in the previous quarter to a segment loss of ¥0 million for the six months ended the second quarter. The profitability risk from soaring raw material, fuel and supplies prices has become evident. - FY2023-Q1MitigatedAnnual report
「In this business, the core products for fresh produce and communications equipment-related products performed relatively steadily, while sales of inkjet digital printer products also expanded. Revenue was ¥424 million, up 9.5% year on year, and segment profit was ¥10 million, up 2.1%.」
Both revenue and segment profit in the decorative corrugated board business exceeded the same quarter of the previous year, temporarily mitigating the profitability risk related to persistent losses and indications of impairment during the quarter. - FY2022MitigatedAnnual report
「Communications equipment-related products performed steadily, and expanded sales of inkjet printer products introduced the previous year also contributed. Revenue increased to ¥1,277 million, up 9.0% from the previous fiscal year, but the segment loss was ¥12 million, compared with a segment loss of ¥24 million in the previous fiscal year, due to higher depreciation expense from capital investment.」
The segment loss in the decorative corrugated board business narrowed from ¥24 million to ¥12 million. Persistent losses remain, but their impact on profitability eased from the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「In this business, sales increased 6.8% year on year to ¥951 million, supported by telecommunications equipment-related products and the effect of expanding sales of the inkjet digital printer products introduced in the previous fiscal year. However, higher depreciation expense from capital investment resulted in a segment loss of ¥12 million, compared with a segment loss of ¥16 million in the same quarter of the previous year.」
Revenue from the decorative corrugated board business increased, and the segment loss narrowed from ¥16 million to ¥12 million, partly mitigating the impact of persistent losses. However, the business continues to record a segment loss. - FY2022-Q2WorsenedAnnual report
「In this business, sales increased 3.4% year on year to ¥696 million as telecommunications equipment-related products and the effect of expanding sales of the inkjet digital printer products introduced in the previous fiscal year offset the decline in core produce-related products. However, segment profit was ¥0 million, down 95.8% year on year, due to higher depreciation expense from capital investment.」
Although revenue from the decorative corrugated board business increased, segment profit declined to ¥0 million due to higher depreciation expense from capital investment, increasing the profitability risk. - FY2022-Q1MitigatedAnnual report
「In the coated corrugated-board business, sales were ¥387 million, up 4.9% year on year, and segment profit was ¥9 million, up 9.6%, supported by relatively steady performance in the core produce and telecommunications equipment-related products and the effect of expanding sales of the inkjet digital printer products introduced in the previous fiscal year.」
The decorative corrugated board business, for which persistent losses and indications of impairment were reported in the previous fiscal year, recorded segment profit of ¥9 million in the first quarter, showing a temporary improvement in its actual results in relation to this risk. - FY2021First statedAnnual report
「As the decorative corrugated board business has continued to record negative operating results and indications of impairment have been identified, we are assessing whether to recognize an impairment loss.」
Although indications of impairment have been identified for the ¥715.505 million carrying amount of fixed assets in the decorative corrugated board business, no impairment loss has been recognized for the current fiscal year because undiscounted future cash flows exceed the carrying amount.