Large-Scale Impairment Loss Due to Reduced Profitability of Glass Manufacturing Equipment
First written in FY2019. 1 of 7 entries say "Materialised", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2026: 66 of 128 companies on the "Worse" side.
35 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「During the consolidated fiscal year, impairment indicators were identified for part of the electrolyte manufacturing facilities, which are operating assets, because the Energy Materials business was expected to continue generating losses from operating activities. However, after considering recoverability, no impairment loss was recognized.」
Although impairment indicators were identified for electrolyte manufacturing facilities, no impairment loss was recognized in the current fiscal year after considering recoverability. - FY2025Continued impairment losses on electrolyte manufacturing facilitiesAnnual report
「For asset groups related to electrolyte manufacturing facilities whose profitability had declined significantly and whose recoverable amount was below their carrying amount, the carrying amount was reduced to the recoverable amount, with the reduction recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥1,921 million was recognized on electrolyte manufacturing facilities, continuing the recognition of impairment due to declining profitability from the previous fiscal year. Total impairment losses were ¥2,071 million. - FY2024MaterialisedAnnual report
「For asset groups related to electrolyte manufacturing facilities whose profitability had declined significantly and whose recoverable amount was below their carrying amount, the carrying amount was reduced to the recoverable amount, with the reduction recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥1,904 million was recognized on electrolyte manufacturing facilities due to declining profitability. Including ¥1,008 million on idle assets and other assets, impairment losses for the fiscal year totaled ¥2,912 million. - FY2022No additional impairment loss on operating facilitiesAnnual report
「Although indications of impairment were identified, no impairment loss was recognized after considering recoverability.」
Although impairment indicators were identified because the domestic architectural glass and domestic automotive glass businesses were expected to remain loss-making, no impairment loss was recognized on operating glass manufacturing facilities in the current fiscal year; only ¥606 million was recognized on idle assets and other assets. - FY2021Expanded impairment losses on glass manufacturing facilitiesAnnual report
「For asset groups related to glass manufacturing facilities whose profitability had declined significantly and whose recoverable amount was below their carrying amount, the carrying amount was reduced to the recoverable amount and an impairment loss was recognized.」
Impairment losses of ¥2,767 million were recognized on glass manufacturing facilities and ¥583 million on idle assets and other assets, for a total of ¥3,350 million. - FY2020Impairment losses recognized on idle assets and other assetsAnnual report
「During the consolidated fiscal year, the Group recognized impairment losses on the following asset groups: idle assets in Ube, Yamaguchi Prefecture, and elsewhere, ¥150 million.」
In addition to the large impairment loss on glass manufacturing facilities in the previous fiscal year, an impairment loss of ¥150 million was recognized on idle assets in the current fiscal year. - FY2019First statedAnnual report
「For asset groups related to glass manufacturing facilities whose profitability had declined significantly and whose recoverable amount was below their carrying amount, the carrying amount was reduced to the recoverable amount, with the reduction recognized as an impairment loss under extraordinary losses.」
Impairment losses of ¥8,964 million were recognized in the glass business and ¥9,096 million on a consolidated basis, following impairment testing of glass manufacturing facilities due to a significant decline in profitability.