Recognition of impairment losses due to deteriorating business conditions in China and Japan
First written in FY2017. 8 of 11 entries say "Materialised", first in FY2017. Latest entry: 2026-08-06.
Sumitomo Seika Chemicals Company,Limited. moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 67 of 129 companies on the "Worse" side.
58 other companies' latest entry also says "Materialised".
- 2026-08-06MaterialisedRevision of earnings forecasts
「In the Functional Materials segment, the carrying amounts of manufacturing facilities for polyethylene powder and gas products and other assets at our Chiba Plant were reduced to their recoverable amounts, and an impairment loss of ¥26 million was recorded as an extraordinary loss.」
The recording of impairment losses continued in the quarter for manufacturing facilities for polyethylene powder and gas products and other assets at the Chiba Plant. The canonical thread remains unchanged. - FY2026MaterialisedAnnual report
「The resulting reduction of ¥1,241 million (Chiba Plant: ¥1,204 million; Beppu Plant: ¥37 million) was recorded as an impairment loss and included in extraordinary losses.」
A total impairment loss of ¥1,241 million was recorded on manufacturing equipment for polyethylene powder and gas products, pharmaceutical-related products, and functional materials in the Functional Materials business. - 2026-05-12MaterialisedEarnings
「Impairment losses 1,297 1,241」
Impairment losses of ¥1,241 million, including losses on certain products in the Functional Materials business, were recorded in the current fiscal year. - FY2026-H1MaterialisedAnnual report
「In the Functional Materials segment, the carrying amount of equipment used to manufacture polyethylene powder and other products at the Company's Chiba Plant was reduced to its recoverable amount, and an impairment loss of ¥218 million was recorded as an extraordinary loss.」
An impairment loss of ¥218 million was actually recorded on equipment used to manufacture polyethylene powder and other products at the Chiba Plant. - FY2023-Q3No impairment losses this quarterAnnual report
「No applicable items for the cumulative third quarter of the current consolidated fiscal year (from 1 April 2022 to 31 December 2022).」
The company states that no impairment losses were applicable during the cumulative third quarter of the current fiscal year, compared with the ¥318 million impairment loss recorded in the third quarter of the previous fiscal year due to the deterioration of the business environment in the European market. - FY2022MaterialisedAnnual report
「For equipment used to manufacture superabsorbent polymers, the carrying amount of the asset group whose profitability had declined due to the deterioration of the business environment in the European market was reduced to its recoverable amount, and the resulting reduction of ¥357 million was recorded as an impairment loss.」
The impairment loss resulting from the deterioration of the business environment in the European market, disclosed in FY2022-Q3, was recorded at ¥357 million for the full fiscal year. - FY2022-Q3MaterialisedAnnual report
「For equipment used to manufacture superabsorbent polymers, the carrying amount of the asset group whose profitability had declined due to the deterioration of the business environment in the European market was reduced to its recoverable amount, and an impairment loss of ¥318 million was recorded as an extraordinary loss.」
Due to the deterioration of the business environment in the European market, an impairment loss of ¥318 million was actually recorded on superabsorbent polymer manufacturing equipment in France. - FY2021Impairment loss recorded on a pilot plant used for research and developmentAnnual report
「As the pilot plant at the Institute of Production Technology in the Himeji area was expected to remain idle for the foreseeable future due to changes in the business environment and revisions to the business development plan, it was grouped as idle assets, the carrying amount of the asset group was reduced to its recoverable amount, and the resulting reduction of ¥703 million was recorded as an impairment loss.」
Following impairment losses on gas manufacturing assets in China and equipment at the Himeji Plant in prior fiscal years, the company recorded a ¥703 million impairment loss in the current fiscal year on the pilot plant at the Institute of Production Technology. - FY2020MaterialisedAnnual report
「For long-lived equipment in the superabsorbent polymers business that was shut down as part of the restructuring of the production system, the equipment was grouped as idle assets, the carrying amount of the asset group was reduced to its recoverable amount, and the resulting reduction of ¥176 million was recorded as an impairment loss.」
Following the European subsidiary in the previous fiscal year, the company recorded a ¥176 million impairment loss in the current fiscal year on long-lived equipment at the Himeji Plant that was shut down as part of the restructuring of the production system. - FY2018No impairment losses for the fiscal yearAnnual report
「No applicable items for the current consolidated fiscal year (from 1 April 2017 to 31 March 2018).」
The company states that there were no impairment losses during the current consolidated fiscal year, following impairment losses recorded in the previous fiscal year against the backdrop of deteriorating business conditions in China and Japan. - FY2017MaterialisedAnnual report
「For assets used in the gas manufacturing business, the carrying amount of the asset group whose profitability had declined due to the deterioration of the business environment in China was reduced to its recoverable amount, and the resulting impairment loss was recorded as an extraordinary loss.」
The company recorded total impairment losses of ¥1,179 million, including ¥770 million for assets used in the gas manufacturing business in China and ¥107 million for lease assets.