Impairment Risk for Fixed Assets and Goodwill
First written in FY2018. 3 of 5 entries say "Materialised", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2017: 31 of 67 companies on the "Worse" side.
- FY2025MaterialisedAnnual report
「As the profitability of phosphor films in the optical materials components segment declined, an impairment test was conducted based on projected future cash flows. Because the recoverable amount fell below the carrying amount, the difference was recognized as an impairment loss of ¥109 million in the optical materials components segment.」
Regarding the impairment risk for property, plant and equipment and goodwill, impairment losses were actually recorded of ¥109 million for assets related to phosphor films and ¥1 million for assets related to thermal conductive sheets. - FY2024RestatedAnnual report
「Assets related to thermal conductive sheets: ¥7 million」
The Company recorded an impairment loss of ¥7 million on assets related to thermal conductive sheets because the initially projected earnings were no longer expected. Impairment of fixed assets occurred for the second consecutive year. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, the Company recorded impairment losses on the following asset groups.」
Impairment losses totaling ¥12 million were recorded, comprising ¥11 million for assets related to thermal conductive sheets and ¥1 million for assets related to water purification agents. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, the Company recorded impairment losses on the following asset groups.」
Regarding the impairment risk for property, plant and equipment and goodwill, impairment losses were actually recorded totaling ¥202 million, comprising ¥189 million for assets related to optical resin material lamination for automotive applications, ¥11 million for assets related to thermal conductive sheets, and ¥2 million for assets related to water purification agents. - FY2018First statedAnnual report
「If business profitability declines due to competition or other reasons and it is determined that the relevant assets cannot generate sufficient cash flows, impairment recognition may be required, which could affect the Group’s business performance and financial position.」
It described the risk that declining business profitability could reduce the recoverability of property, plant and equipment and goodwill, resulting in impairment losses.