Continuing Operating Losses at Vietnamese Subsidiary and Risk of Impairment of Fixed Assets
First written in FY2023. 3 of 5 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 4 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal existing risks, including continuing operating losses and the risk of impairment of fixed assets at its Vietnamese subsidiary. - FY2024MaterialisedAnnual report
「Regarding KANKYO ENVIRONMENT SOLUTIONS CO.,LTD., because profit or loss from operating activities had remained negative, the company reduced the carrying amount of its operating assets to their recoverable amount and recognized the resulting decrease of ¥20.128 million as an impairment loss under extraordinary losses.」
For the Vietnamese subsidiary, which was judged in the previous fiscal year to show indications of impairment but for which no impairment loss had been recognized, the company has now recognized an impairment loss of ¥20.128 million due to continuing negative operating results. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal existing risks, including continuing operating losses and the risk of impairment of fixed assets at its Vietnamese subsidiary. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal existing risks, including continuing operating losses and the risk of impairment of fixed assets at its Vietnamese subsidiary. - FY2023First statedAnnual report
「Regarding KANKYO ENVIRONMENT SOLUTIONS CO.,LTD. (hereinafter, “KES”), the company determined that there was an indication of impairment because operating losses had continued to be recorded, and considered whether to recognize an impairment loss. As a result, it determined that undiscounted future cash flows exceeded the carrying amount of fixed assets of ¥28.014 million, and therefore did not recognize an impairment loss.」
The Vietnamese subsidiary had continued to record operating losses, indicating potential impairment of fixed assets of ¥28.014 million, but no impairment loss was recognized in the current fiscal year.