Declining profitability of fixed assets and impairment risk
First written in FY2016. 18 of 21 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Ibiden moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
67 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The carrying amounts of these idle assets were reduced to their recoverable amounts, and the resulting decrease of ¥5,774 million was recognised as an impairment loss under extraordinary losses. In addition, the carrying amounts of operating assets for which the originally projected profits could no longer be expected were reduced to their recoverable amounts, and the resulting decrease of ¥10,630 million was recognised as an impairment loss under extraordinary losses.」
Total impairment losses for the fiscal year were ¥16,405 million, comprising ¥5,774 million on idle assets and ¥10,630 million on operating assets in the Philippines. - FY2025MaterialisedAnnual report
「The carrying amounts of these idle assets were reduced to their recoverable amounts, and the resulting decrease of ¥3,050 million was recognised as an impairment loss under extraordinary losses. In addition, the carrying amounts of operating assets for which the originally projected profits could no longer be expected were reduced to their recoverable amounts, and the resulting decrease of ¥15,537 million was recognised as an impairment loss under extraordinary losses.」
Total impairment losses for the fiscal year were ¥18,587 million, comprising ¥3,050 million on idle assets and ¥15,537 million on operating assets in the Philippines. - FY2024MaterialisedAnnual report
「The carrying amounts of these idle assets were reduced to their recoverable amounts, and the resulting decrease of ¥573 million was recognised as an impairment loss under extraordinary losses.」
The decline in the profitability and recoverability of fixed assets materialised again this fiscal year as an impairment loss of ¥573 million on idle assets. The impairment loss decreased from ¥843 million in the previous fiscal year. - FY2024-Q2MaterialisedAnnual report
「The carrying amounts of idle assets not attributable to any segment were reduced to their recoverable amounts. The impairment loss recognised for the cumulative second quarter of the current consolidated fiscal year was ¥489 million.」
The decline in the profitability and recoverability of idle assets was actually recognised as an impairment loss of ¥489 million for the cumulative second quarter. - FY2023MitigatedAnnual report
「The carrying amounts of these idle assets were reduced to their recoverable amounts, and the resulting decrease of ¥843 million was recognised as an impairment loss under extraordinary losses.」
The impairment loss on idle assets decreased from ¥1,218 million in the previous fiscal year to ¥843 million, although impairment losses arose on machinery and equipment in Hungary and elsewhere. - FY2023-Q3MitigatedAnnual report
「There are no matters of particular note.」
No material matters were reported regarding impairment of fixed assets in the segment information, and the impairment loss for the cumulative third quarter of the current fiscal year decreased to ¥95 million from ¥1,030 million in the same period of the previous fiscal year. - FY2022MaterialisedAnnual report
「The carrying amounts of these idle assets were reduced to their recoverable amounts, and the resulting decrease of ¥1,218 million was recognised as an impairment loss under extraordinary losses.」
The decline in the profitability and recoverability of idle assets continued to materialise as an impairment loss of ¥1,218 million for the full fiscal year. This was down from ¥4,069 million in the previous fiscal year. - FY2022-Q3MaterialisedAnnual report
「The carrying amounts of idle assets not attributable to any segment were reduced to their recoverable amounts. The impairment loss recognised for the cumulative nine-month period of the current consolidated fiscal year was ¥1,030 million.」
The decline in the profitability and recoverability of idle assets continued to materialise as an impairment loss of ¥1,030 million for the cumulative third quarter. - FY2022-Q2MaterialisedAnnual report
「For idle assets not attributable to any segment, the Group reduced the carrying amount to the recoverable amount. The resulting impairment loss was ¥971 million for the cumulative third quarter of the current consolidated fiscal year.」
An impairment loss of ¥971 million was recognised on idle assets, indicating that the decline in the profitability of fixed assets continues to appear in actual results. - FY2022-Q1MaterialisedAnnual report
「The carrying amounts of idle assets not attributable to any segment were reduced to their recoverable amounts. The impairment loss recognised for the cumulative first quarter of the current consolidated fiscal year was ¥825 million.」
An impairment loss of ¥825 million on idle assets not attributable to any segment was recognised for the cumulative first quarter. - FY2021MaterialisedAnnual report
「The carrying amounts of these idle assets were reduced to their recoverable amounts, and the resulting decrease of ¥4,069 million was recognised as an impairment loss under extraordinary losses.」
An impairment loss of ¥4,069 million was recognised on idle assets in Ogaki, Malaysia, Austria and elsewhere. - FY2021-Q3MaterialisedAnnual report
「The carrying amounts of idle assets not attributable to any segment were reduced to their recoverable amounts. The impairment loss recognised for the cumulative nine-month period of the current consolidated fiscal year was ¥182 million.」
An impairment loss of ¥182 million on idle assets not attributable to any segment was actually recognised for the cumulative third quarter. - FY2020MaterialisedAnnual report
「The carrying amounts of these idle assets were reduced to their recoverable amounts, and the resulting decrease of ¥458 million was recognised as an impairment loss under extraordinary losses. In addition, following the determination of a buyer in connection with the dissolution of a subsidiary, the carrying amounts of buildings, structures and land for which the originally projected profits could no longer be expected were reduced to their recoverable amounts, and the resulting decrease of ¥210 million was recognised as a loss on liquidation of affiliated companies under extraordinary losses.」
An impairment loss of ¥458 million was recognised on idle assets, and a ¥210 million impairment loss on fixed assets related to the dissolution of a subsidiary was recognised as a loss on liquidation of affiliated companies. - FY2020-Q1MaterialisedAnnual report
「Following the dissolution of a subsidiary, the carrying amounts of buildings, structures and land for which the originally projected profits could no longer be expected were reduced to their recoverable amounts.」
An impairment loss on fixed assets of ¥213 million was recognised on operating assets in Coutances, France, following the dissolution of a subsidiary. - FY2019-Q3MaterialisedAnnual report
「Following the dissolution of a subsidiary, the carrying amounts of buildings and structures for which the originally projected profits could no longer be expected were reduced to their recoverable amounts.」
An impairment loss of ¥282 million was actually recognised on buildings and structures in Coutances, France, following the dissolution of a subsidiary. - FY2017MaterialisedAnnual report
「Of the decrease of ¥47,131 million, ¥102 million was recognised as an impairment loss and ¥47,028 million as business structural reform costs, each as an extraordinary loss.」
The decline in asset values associated with the review of the production system and restructuring of the business structure was recognised for the full fiscal year as impairment and other losses of ¥47,131 million. - FY2017-Q3MaterialisedAnnual report
「Business structural reform costs comprised an impairment loss on fixed assets of ¥41,325 million, an inventory write-down of ¥2,515 million and settlement payments of ¥12,254 million arising from business structural reform in the Electronics segment.」
Impairment of fixed assets in the Electronics segment increased to ¥41,325 million, and business structural reform costs of ¥56,096 million, including the inventory write-down and settlement payments, were recognised. - FY2017-Q2MaterialisedAnnual report
「Business structural reform costs comprised an impairment loss on fixed assets of ¥40,038 million and an inventory write-down of ¥2,469 million arising from business structural reform in the Electronics segment. The carrying amounts of production equipment for which the originally projected profits could no longer be expected due to the review of the production system, and idle assets that were not expected to be used due to the review of the production system and restructuring of the business structure, were reduced to their recoverable amounts. The impairment loss of ¥40,038 million was presented as an extraordinary loss under business structural reform costs.」
An impairment loss on fixed assets of ¥40,038 million was actually recognised for production equipment and idle assets in the Electronics segment. - FY2016First statedAnnual report
「Impairment loss of ¥6,403 million recognised in the consolidated fiscal year」
Impairment of fixed assets is identified as a risk, and an impairment loss of ¥6,403 million, mainly on idle assets, was actually recognised during the fiscal year.