Risk of Fixed Asset Impairment Due to Deteriorating Business Conditions
First written in FY2021. 3 of 4 entries say "Materialised", first in FY2024. Latest entry: FY2027-H1.
Moresco moved to the "Worse" side of this theme in 2024, 3 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".
- FY2027-H1MaterialisedAnnual report
「In connection with the dissolution and progress of liquidation procedures for Tianjin Molykote Technology Co., Ltd., the company recognized an inventory valuation loss of ¥22 million, an impairment loss of ¥294 million and an addition to the provision for losses on the liquidation of affiliates of ¥68 million.」
In connection with liquidation proceedings for the Tianjin subsidiary, an impairment loss of ¥294 million was recorded, and the risk of impairment of fixed assets emerged in results for the second consecutive year. - FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, the Group recognized impairment losses on the following asset groups.」
The company recognized an impairment loss of ¥29 million during the fiscal year, indicating that the risk of impairment of fixed assets continues to materialize. - FY2024MaterialisedAnnual report
「For research and development assets at headquarters, the company recognizes impairment losses on assets that are not expected to be used or recovered in the future. Impairment loss: ¥31 million」
The company recognized an impairment loss of ¥31 million on research and development assets at headquarters that are not expected to be used or recovered in the future. - FY2021First statedAnnual report
「If the company recognizes an impairment loss on its fixed assets due to a decline in profitability or market prices resulting from a significant deterioration in the operating environment or other factors, this could affect the Group's operating results and financial position.」
The company has for the first time identified the potential impairment of fixed assets due to deterioration in the operating environment and falling market prices as a key risk. During the fiscal year, it recognized an impairment loss of ¥119 million in the Japan segment.