Declining profitability of foamed materials equipment and impairment loss
First written in FY2016. 4 of 6 entries say "Materialised", first in FY2016. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MaterialisedAnnual report
「The Group recorded business-structure improvement expenses for the following assets. These expenses represent the recorded costs of removing equipment associated with the business withdrawals described below: equipment for molding materials, machinery and equipment, and other assets, Nobeoka, Miyazaki Prefecture, 66.」
The company recorded ¥66 million in business-structure improvement expenses for equipment removal costs associated with its withdrawal from the molding materials business. Costs related to the business portfolio review were incurred. - FY2022MaterialisedAnnual report
「This resulted from the decision during the consolidated fiscal year to withdraw from the production and sale of phenolic molding materials and diallyl phthalate molding materials.」
Following the decision to withdraw from the molding materials business, an impairment loss of ¥105 million was recorded as a business-structure improvement expense. - FY2021MitigatedAnnual report
「There were no applicable items for the consolidated fiscal year from 1 April 2020 to 31 March 2021.」
There were no impairment losses on fixed assets by reporting segment in the fiscal year, and no new impairment loss was identified for equipment for foamed materials. - FY2019WorsenedAnnual report
「During the consolidated fiscal year, the carrying amount of equipment for foamed materials was reduced to its recoverable amount because its profitability had declined.」
The decline in profitability of equipment for foamed materials continued, and an impairment loss of ¥74 million was recorded in the fiscal year for equipment in Taito-ku, Tokyo. - FY2018MaterialisedAnnual report
「During the consolidated fiscal year, the carrying amount of equipment for foamed materials was reduced to its recoverable amount because its profitability had declined.」
The decline in profitability of equipment for foamed materials continued, and an impairment loss of ¥21 million was recorded in the fiscal year. - FY2016MaterialisedAnnual report
「During the consolidated fiscal year, the carrying amount of equipment for foamed materials was reduced to its recoverable amount because its profitability had declined.」
The decline in profitability of equipment for foamed materials materialized, and an impairment loss of ¥153 million was recorded.