Impairment of equipment due to declining and increasingly uncertain sales prospects
First written in FY2016. 8 of 10 entries say "Materialised", first in FY2019. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「As the withdrawal from the superabsorbent polymer business progressed and a decision was made during the current consolidated fiscal year to remove the above manufacturing equipment and other assets, their carrying amount was reduced to the recoverable amount. The reduction was recognized as an impairment loss included in business restructuring expenses and recorded under extraordinary losses.」
The decision to remove equipment at the Nagoya Plant following the withdrawal from the superabsorbent polymer business resulted in an impairment loss of ¥230 million. - FY2025MaterialisedAnnual report
「Because certain equipment was no longer expected to be used, its carrying amount was reduced to the recoverable amount, and ¥308 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥308 million attributable to the loss of expected use of equipment at Sangda Yake Fine Chemicals (Nantong), China, was also recognized in the annual financial results. - FY2025-H1MaterialisedAnnual report
「Because certain equipment was no longer expected to be used, its carrying amount was reduced to the recoverable amount, and ¥308 million was recognized as an impairment loss under extraordinary losses.」
As certain equipment at Sangda Yake Fine Chemicals (Nantong), China, was no longer expected to be used, an impairment loss of ¥308 million was recognized. In addition, an impairment loss of ¥2,057 million associated with the equity transfer agreement was recognized as a business restructuring expense. - FY2024MaterialisedAnnual report
「During the current consolidated fiscal year, indicators of impairment were identified at Sanyo Kasei (Thailand) Limited, a consolidated subsidiary of the Company. After conducting a recoverability test, the carrying amount of the fixed assets held by the company was found to exceed their recoverable amount. The carrying amount was therefore reduced to the recoverable amount, and the reduction was recognized as an impairment loss.」
Impairment losses of ¥2,986 million on manufacturing equipment at the Thai subsidiary and ¥251 million on Sangda Yake Fine Chemicals in China were recognized, reflecting the materialization of additional deterioration in the business environment and lower recoverability. - FY2024-Q3MaterialisedAnnual report
「As operating losses continued and a review of future recoverability was conducted, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses. The breakdown was ¥876 million for buildings and structures, ¥1,286 million for machinery, equipment and vehicles, ¥697 million for construction in progress, and ¥110 million for other assets.」
An impairment loss totaling ¥2,971 million has been recognized on manufacturing equipment and other assets related to the plastics and fiber industries at Sanyo Kasei (Thailand), following continued operating losses and a review of future recoverability. - FY2023MaterialisedAnnual report
「At SDP Global Co., Ltd., a consolidated subsidiary of the Company, we determined that indicators of impairment existed because the business environment had deteriorated and profitability was expected to decline. As the carrying amount of the fixed assets held by the company exceeded their recoverable amount, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss.」
At SDP Global, the deterioration in the business environment and decline in profitability materialized, resulting in an impairment loss of ¥1,328 million on manufacturing equipment and other assets related to lifestyle and healthcare products. - FY2021WorsenedAnnual report
「At SDPM, operating losses have continued due to intensifying competition and unstable production conditions, and an impairment test has been conducted because indicators of impairment were identified. However, no impairment loss has been recognized because fair value less costs of disposal exceeded the carrying amount.」
The disclosure states that the Malaysian superabsorbent polymer facilities have continued to incur operating losses and show indicators of impairment due to intensifying competition and unstable production. However, no impairment loss was recognized for the current fiscal year. - FY2021-Q3MaterialisedAnnual report
「During the nine months ended December, the company recognized impairment losses on the following asset groups. For manufacturing facilities for products related to the petroleum and transportation industries, the company recognized the full carrying amount of ¥347 million for portions that could not be converted to other uses, following the discontinuation of production due to a change in the sales strategy for certain products.」
Due to the discontinuation of production following a change in the sales strategy for certain products, an impairment loss of ¥347 million has been recognized on manufacturing equipment related to the petroleum and transportation equipment industries in Kyoto Prefecture. - FY2019MaterialisedAnnual report
「As operating profit and loss was expected to remain negative, the company reduced the carrying amount of the relevant asset group to its recoverable amount and recognized ¥8.721 billion as a loss.」
Impairment losses due to deteriorating earnings prospects amounted to ¥8.721 billion for superabsorbent polymer manufacturing facilities in Malaysia and ¥75 million for lubricant additive manufacturing facilities in the United States, for a total impairment loss of ¥8.796 billion. - FY2016First statedAnnual report
「During the fiscal year, the Group recognized impairment losses on the following asset groups.」
The company recognized an impairment loss of ¥1.046 billion due to the discontinuation of production of certain products, declining and increasingly uncertain sales prospects, and the expectation that operating profit and loss would remain negative.