Risk of impairment of fixed assets
First written in FY2020. 5 of 8 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2026.
Shinto Paint moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 15 of 24 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As we resolved to sell the employee-benefit facilities we held, we reduced the carrying amount of the relevant fixed assets to their sale price during the consolidated fiscal year and recorded the decrease as an impairment loss under extraordinary losses.」
Following the resolution to sell the employee-benefit facilities, an impairment loss of ¥552 million was recorded on land, buildings and other assets. The financial impact of the fixed-asset impairment risk increased from ¥8 million in the previous fiscal year. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year, 株式会社九州シントー was determined to show indications of impairment because operating income had remained negative. Where it was determined that an impairment loss should be recognised by comparing the carrying amount with the recoverable amount, the carrying amount was reduced to the recoverable amount and the decrease was recorded as an impairment loss under extraordinary losses.」
Against a backdrop of continued operating losses at 九州シントー, an impairment loss of ¥8 million was recorded on a business-use building in Fukuoka Prefecture. - FY2024MaterialisedAnnual report
「As we decided to demolish the warehouse building at the Chiba Plant to make more effective use of the plant, we reduced the carrying amount of the relevant fixed assets to their recoverable amount and recorded the decrease as an impairment loss under extraordinary losses.」
An impairment loss of ¥12 million was recorded on assets scheduled for demolition at the Chiba Plant, assuming zero future cash flows. The financial impact of the general risk of impairment of fixed assets has newly materialised in the annual results. - FY2022WorsenedAnnual report
「Impairment loss: ¥384 million」
Following continued negative operating income, a total impairment loss of ¥384 million was recorded on business-use assets in Hyogo Prefecture and other areas, and common-use assets in Chiba Prefecture and other areas. - FY2021-Q2MaterialisedAnnual report
「As we decided to sell the assets described above, we reduced their carrying amount to the recoverable amount and recognised the decrease of ¥157 million as an impairment loss.」
Following the decision to sell the fixed assets, an impairment loss of ¥157 million was actually recorded on business-use assets in Tokyo. - FY2020First statedAnnual report
「Impairment losses may arise on the fixed assets held by our group due to declining profitability or falling market prices resulting from a significant deterioration in the business environment or other factors, which may affect our group’s financial position, results of operations and cash flows.」
Separate from the impairment of the Indonesian subsidiary, the risk of impairment across fixed assets generally due to declining profitability or falling market prices was identified independently for the first time.