Impairment Losses on Business-Use Assets in China and South Africa
First written in FY2019. 2 of 7 entries say "Mitigated", first in FY2024. Latest entry: FY2026.
Kansai Paint moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 13 of 15 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026Impairment losses recorded in Europe, China and VietnamAnnual report
「During the current consolidated fiscal year, the Company recorded impairment losses totaling ¥1,069 million, comprising ¥739 million on business assets in Germany, ¥13 million on business assets in China, and ¥316 million on business assets in Vietnam.」
Following the impairment losses recorded in China, Malaysia and elsewhere in the previous fiscal year, the Company recorded total impairment losses of ¥1,069 million in Germany, China and Vietnam. - FY2025Impairment losses associated with withdrawal from a businessAnnual report
「As a decision was made to withdraw from the business in China, the carrying amount of the business assets was reduced to their recoverable amount, and the reduction was recorded as a loss on withdrawal from a business under extraordinary losses.」
The Company recorded a ¥133 million reduction in assets associated with the decision to withdraw from the China business. - FY2025-H1MitigatedAnnual report
「Gain on reversal of impairment losses - 188」
The Company recorded a ¥188 million gain on reversal of impairment losses during the current interim consolidated accounting period, partially mitigating the prior impact of impairment losses resulting from declining profitability. - FY2024MitigatedAnnual report
「Impairment losses 385 69」
Impairment losses decreased from ¥385 million in the previous fiscal year to ¥69 million, reducing the scale of losses recorded due to declining profitability. - FY2024-Q3Lower impairment lossesAnnual report
「Impairment losses 215 69」
Impairment losses decreased from ¥215 million in the cumulative period of the same quarter of the previous year to ¥69 million. - FY2021Recurring impairment losses on overseas business assetsAnnual report
「China Business assets 579 Malaysia Business assets 175 Total 755」
The Company recorded total impairment losses of ¥755 million on business assets in China and Malaysia due to declining profitability. - FY2019First statedAnnual report
「As the decline in profitability made it unlikely that the investment in the above business assets would be recovered, their carrying amounts were reduced to recoverable amounts, and the ¥673 million reduction was recorded as an impairment loss under extraordinary losses.」
The Company recorded total impairment losses of ¥673 million on business assets in Chongqing, China, and South Africa due to declining profitability.