Risk of Impairment of Fixed Assets
First written in FY2018. 5 of 11 entries say "Materialised", first in FY2020. Latest entry: FY2025.
New Japan Chemical moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 69 of 117 companies on the "Worse" side.
43 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Current consolidated fiscal year (from 1 April 2024 to 31 March 2025) There are no applicable matters.」
The ¥253 million impairment loss recognized in the previous fiscal year was not recognized during the current consolidated fiscal year. - FY2025-H1MitigatedAnnual report
「Impairment loss 8 —」
No impairment loss was recognized during the current interim consolidated accounting period, compared with ¥8 million recognized in the same period of the previous year. - FY2024MaterialisedAnnual report
「The Group recognized an impairment loss of ¥253 million. Significant impairment losses among this amount are as follows. For assets held for sale in Sakai, Osaka, the carrying amount was reduced to the recoverable amount following the decision to sell, and the reduction was recognized as an impairment loss under extraordinary losses.」
The impairment risk materialized as a ¥253 million impairment loss during the current fiscal year, of which ¥245 million related to construction in progress for assets held for sale in Sakai, Osaka. - FY2024-Q2RestatedAnnual report
「Impairment loss — 8」
An ¥8 million impairment loss was also recognized in the first half of the current fiscal year, and fixed-asset impairment losses continue to arise. - FY2024-Q1MaterialisedAnnual report
「Impairment loss — 8」
An ¥8 million impairment loss was recognized in the first quarter of the current fiscal year, despite there having been no such loss in the same period of the previous year, and the impairment risk relating to fixed assets has materialized as an actual loss. - FY2023-Q3WorsenedAnnual report
「Extraordinary losses Loss on disposal of fixed assets — Loss on valuation of investment securities 21 Impairment loss 4 170」
The impairment loss increased from ¥4 million in the same period of the previous year to ¥170 million, and the impairment risk relating to fixed assets has materialized as a significant loss. - FY2022-Q3MitigatedAnnual report
「Impairment losses － 4」
The impairment loss for the nine-month period of the current fiscal year was ¥4 million, down from ¥21 million in the same period of the previous year. However, impairment losses continue to be recognized. - FY2022-Q1MaterialisedAnnual report
「Impairment loss - 2」
A ¥2 million impairment loss was recognized in the first quarter of the current fiscal year, and impairment risk continues to materialize. - FY2021-Q3MaterialisedAnnual report
「Impairment loss － 21」
An additional ¥21 million impairment loss was recognized during the nine-month period of the current consolidated fiscal year, and losses continue to arise from the impairment risk relating to fixed assets. - FY2020MaterialisedAnnual report
「As operating income and loss from the petrochemical product manufacturing equipment referred to above had remained negative and it was determined that short-term performance improvement could not be expected, the carrying amount of the asset group was reduced to zero, and the reduction of ¥36 million was recognized as an impairment loss under extraordinary losses.」
The impairment risk relating to petrochemical product manufacturing equipment in Sakai, Osaka, materialized as a ¥36 million impairment loss. - FY2018First statedAnnual report
「The item considered particularly significant is impairment of fixed assets, and impairment losses may need to be recognized due to deterioration in the business environment and other factors.」
Impairment of fixed assets was separately disclosed for the first time as a significant accounting estimate. During the current fiscal year, a ¥10 million impairment loss was recognized on petrochemical product manufacturing equipment in Sakai, Osaka, indicating that the risk has materialized as an actual loss.