Risk of additional costs associated with structural reforms in the Electronics business
First written in FY2017-Q2. 2 of 3 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2017.
Ibiden moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 2 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2017MaterialisedAnnual report
「The business structure reform costs comprised ¥38,108 million in impairment losses on property, plant and equipment associated with structural reforms in the Electronics segment, ¥1,253 million in impairment losses on property, plant and equipment associated with structural reforms in the Ceramics segment, ¥7,667 million in impairment losses on idle assets classified as corporate assets, ¥2,547 million in inventory valuation losses, and ¥12,412 million in settlement payments.」
Impairment losses, inventory valuation losses, and settlement payments were recorded as business structure reform costs, totaling ¥6,198.8 million. - FY2017-Q3MaterialisedAnnual report
「The business structure reform costs comprised ¥41,325 million in impairment losses on property, plant and equipment, ¥2,515 million in inventory valuation losses, and ¥12,254 million in settlement payments, all associated with structural reforms in the Electronics segment. Additional costs may arise as the structural reforms progress.」
In addition to the business structure reform costs indicated in the previous quarter, impairment losses, inventory valuation losses, and settlement payments were recorded, showing that the possibility of additional costs had materialized as an actual increase in expenses. - FY2017-Q2First statedAnnual report
「The business structure reform costs comprised ¥40,038 million in impairment losses on property, plant and equipment and ¥2,469 million in inventory valuation losses, both associated with structural reforms in the Electronics segment. Additional costs may arise as the structural reforms progress.」
After recording ¥4,250.7 million in structural reform costs, the Company explicitly indicated that additional costs could arise as the reforms progress.