Impairment Risk for Fixed Assets and Goodwill
First written in FY2024. 3 of 5 entries say "Materialised", first in 2026-08-07. Latest entry: FY2026.
Toyo Drilube moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
67 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Because profitability declined for assets held in Nansha District, Guangzhou, Guangdong Province, the company reduced their carrying amount to the recoverable amount and recorded the reduction of ¥64,013 thousand as an impairment loss under extraordinary losses.」
The risk previously disclosed as the potential impairment of property, plant and equipment and goodwill materialized as a ¥64,013 thousand impairment loss on business assets in Guangzhou, China, due to declining profitability. - FY2025RestatedAnnual report
「A decrease in recoverable value and the resulting recognition of an impairment loss may occur if estimates are revised because of changes in unforeseeable future business assumptions.」
The company continues to disclose the risk of impairment for property, plant and equipment arising from fluctuations in estimates of future cash flows and recoverable value due to changes in business plans and the operating environment. - FY2024First statedAnnual report
「A decrease in recoverable value and the resulting recognition of an impairment loss may occur if estimates are revised because of changes in unforeseeable future business assumptions.」
The company has newly disclosed the possibility of impairment losses arising from fluctuations in estimates of future cash flows and recoverable value for property, plant and equipment and goodwill due to changes in business plans and the operating environment.