Risk of Impairment of Fixed Assets
First written in FY2016. 3 of 7 entries say "Materialised", first in FY2017. Latest entry: FY2026.
Titan Kogyo moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 69 of 117 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If the business environment changes abruptly in the future, the Group may recognise impairment losses due to declining profitability, falling market values, or idling of facilities and other assets, which may affect its operating results and other factors.」
The risk of impairment of fixed assets continues to be disclosed. No impairment loss was recorded for the current fiscal year. - FY2023MaterialisedAnnual report
「During the current consolidated fiscal year, the carrying amounts of facilities related to the titanium dioxide business that were not expected to be used in the future were reduced to their recoverable amounts because the profitability of the relevant asset group had declined substantially, and the reduction was recognised as an impairment loss under extraordinary losses.」
An impairment loss of ¥52 million on fixed assets was actually recognised for facilities related to the titanium dioxide business. - FY2020RestatedAnnual report
「If the business environment changes abruptly in the future, the Group may recognise impairment losses due to declining profitability, falling market values, or idling of facilities and other assets, which may affect its operating results and other factors.」
The risk of impairment of fixed assets continues to be disclosed. No impairment losses were reported by segment for the current consolidated fiscal year. - FY2019RestatedAnnual report
「If the business environment changes abruptly in the future, the company may recognise impairment losses due to declining profitability, falling market values, or idling of facilities and other assets, which may affect its financial position and operating results.」
The risk of impairment of fixed assets continues to be disclosed. No impairment loss was recognised during the current fiscal year. - FY2018MaterialisedAnnual report
「As the lithium titanate business has continued to report operating losses, the amount by which the carrying amount exceeded the recoverable amount was recognised as an impairment loss of ¥322 million under extraordinary losses.」
Regarding the risk of impairment of fixed assets, an actual impairment loss of ¥322 million was recognised in the lithium titanate business, following ¥114 million in the previous fiscal year. - FY2017MaterialisedAnnual report
「During the current fiscal year, the carrying amounts of asset groups among machinery and equipment that no longer generated income and whose market values had fallen substantially were reduced to their recoverable amounts, and the reduction of ¥114 million was recognised as an impairment loss under extraordinary losses.」
Regarding the previously disclosed risk of impairment of fixed assets, an actual impairment loss of ¥114 million was recognised for titanium dioxide-related facilities. - FY2016First statedAnnual report
「If the business environment changes abruptly in the future, the company may recognise impairment losses due to declining profitability, falling market values, or idling of facilities and other assets, which may affect its financial position and operating results.」
The possibility of impairment losses due to declining profitability, falling market values and idling of facilities and other assets is disclosed.