Risk of Impairment of Fixed Assets
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「Although it was necessary to take measures such as repairs to comply with exhaust-emissions regulations for the assets, the outlook for future operations is currently difficult due to a change in development-related decisions, and an impairment loss has been recognized.」
As the outlook for future operations of Sanwa Nankai Recycling's incinerator became difficult, an impairment loss of ¥100,891 thousand was recognized on buildings and structures, machinery and equipment, and other assets. - FY2023RestatedAnnual report
「Our group owns numerous items of property, plant and equipment, including factories, machinery and equipment, storage facilities and transport vehicles. We regularly assess the recoverability of the residual value based on estimates of the future cash flows generated by these assets. If expected future cash flows from the assets decline and their recoverability deteriorates, we may need to recognize impairment losses on fixed assets, which could affect our group's operating results and financial position.」
The company continues to disclose the risk of impairment resulting from lower future cash flows from property, plant and equipment. - FY2022First statedAnnual report
「Sanwa Nankai Recycling Co., Ltd. began operations in October 2020 and has continued to report losses from operating activities. However, continued losses are assumed in its business plan, and because actual results have not deviated materially below the loss projected in the original plan, no indications of impairment have been identified.」
Although the company currently determines that there are no indications of impairment for the company's ¥1,568,114 thousand in property, plant and equipment and other assets, it indicates that changes in the business or capital investment plans could require the recognition of an impairment loss.