Declining Profitability and Impairment Losses in the Wallpaper and Agricultural Film Businesses
First written in FY2018. 15 of 29 entries say "Worsened", first in FY2019. Latest entry: 2026-08-07.
Okamoto Industries moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
26 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「The “Industrial Products” and “Lifestyle Products” segments recorded impairment losses on fixed assets of ¥196 million.」
The two segments recorded impairment losses on fixed assets of ¥196 million, up from ¥166 million in the same period of the previous year. - FY2026WorsenedAnnual report
「Profitability declined in the operating assets of the glove, heat pack, film, agricultural film, multilayer film, industrial tape, wallpaper, medical products, dehumidifier, food packaging, food sanitation and abrasive-coated paper businesses, and … ¥1,657 million was recorded as impairment losses under extraordinary losses.」
The businesses subject to declining profitability included medical products, dehumidifiers and food sanitation products, among others, and impairment losses increased from ¥1,065 million in the previous year to ¥1,657 million. - FY2026-H1MitigatedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥452 million. Of this amount, ¥448 million was recorded in Industrial Products and ¥3 million in Household Products during the current interim consolidated accounting period.」
The two segments recorded total impairment losses of ¥452 million, down from ¥620 million in the same period of the previous year, indicating a reduction in the amount of impairment risk realized. - FY2025MitigatedAnnual report
「The Company recorded impairment losses of ¥1,065 million for businesses where it determined that profitability had declined and that a short-term recovery in performance was not expected.」
Impairment losses decreased from ¥2,578 million in the previous year to ¥1,065 million. However, declining profitability and impairment charges continued across multiple businesses, including wallpaper and abrasive-coated paper. - FY2025-H1WorsenedAnnual report
「The Industrial Products segment recorded impairment losses on fixed assets of ¥620 million.」
Impairment losses on fixed assets in the Industrial Products segment amounted to ¥620 million, up from ¥148 million in the same period of the previous year. Impairment risk associated with declining profitability expanded in the interim period. - FY2024WorsenedAnnual report
「The Group determined that profitability had declined in the operating assets of its heat pack, dehumidifier, film, agricultural film, multilayer film, PP film, industrial tape, wallpaper, food packaging and abrasive-coated paper businesses, among others, and that a short-term recovery in performance was not expected. Accordingly, based on the Accounting Standard for Impairment of Fixed Assets, it reduced the carrying amounts of these assets to their recoverable amounts and recorded the reductions of ¥2,578 million as impairment losses under extraordinary losses.」
The businesses subject to declining profitability expanded across multiple operations, and impairment losses increased from ¥1,110 million in the previous year to ¥2,578 million. - FY2024-Q3MitigatedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥220 million. Of this amount, ¥174 million was recorded in Industrial Products and ¥45 million in Household Products during the cumulative third quarter of the current consolidated fiscal year.」
The two segments recorded total impairment losses on fixed assets of ¥220 million, down from ¥828 million in the same period of the previous year. - FY2024-Q2MitigatedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥148 million. Of this amount, ¥120 million was recorded in Industrial Products and ¥28 million in Household Products during the cumulative second quarter of the current consolidated fiscal year.」
The two segments recorded total impairment losses on fixed assets of ¥148 million, down from ¥663 million in the same period of the previous year. - FY2024-Q1MitigatedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥47 million. Of this amount, ¥33 million was recorded in Industrial Products and ¥14 million in Household Products during the cumulative first quarter of the current consolidated fiscal year.」
The two segments recorded total impairment losses on fixed assets of ¥47 million, down from ¥191 million in the same period of the previous year. - FY2023WorsenedAnnual report
「The Group determined that profitability had declined in the operating assets of its agricultural film, heat pack, dehumidifier, wallpaper, flexible container, wrap, PP film, footwear and abrasive-coated paper businesses and that a short-term recovery in performance was not expected. It recorded the resulting reduction of ¥1,110 million as an impairment loss under extraordinary losses.」
Footwear was added to the businesses subject to declining profitability, and impairment losses increased from ¥750 million in the previous year to ¥1,110 million. - FY2023-Q3WorsenedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥828 million. Of this amount, ¥773 million was recorded in Industrial Products and ¥54 million in Household Products during the cumulative third quarter of the current consolidated fiscal year.」
Impairment losses on fixed assets in the two segments totaled ¥828 million, up from ¥487 million in the same period of the previous year. Industrial Products accounted for ¥773 million of the total. - FY2023-Q2WorsenedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥663 million. During the cumulative second quarter of the current consolidated fiscal year, ¥620 million was recorded in Industrial Products and ¥42 million in Household Products.」
The two segments recorded total impairment losses on fixed assets of ¥663 million, up from ¥456 million in the same period of the previous year. Industrial Products accounted for ¥620 million of the total. - FY2023-Q1MitigatedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥191 million. Of this amount, ¥160 million was recorded in Industrial Products and ¥31 million in Household Products during the cumulative first quarter of the current consolidated fiscal year.」
The two segments recorded total impairment losses on fixed assets of ¥191 million, down from ¥299 million in the same period of the previous year. - FY2022MitigatedAnnual report
「The Group determined that profitability had declined in the operating assets of its agricultural film, heat pack, dehumidifier, wallpaper, flexible container, wrap, PP film and abrasive-coated paper businesses and that a short-term recovery in performance was not expected. Accordingly, based on the Accounting Standard for Impairment of Fixed Assets, it reduced the carrying amounts of these assets to their recoverable amounts and recorded the reductions of ¥750 million as impairment losses under extraordinary losses.」
Impairment losses due to declining profitability occurred across multiple businesses, but the amount of impairment losses decreased from ¥1,398 million in the previous year to ¥750 million. - FY2022-Q3WorsenedAnnual report
「Impairment loss 487」
The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥487 million, up from ¥53 million in the same period of the previous year and ¥456 million in the cumulative previous quarter. - FY2022-Q2WorsenedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥456 million. Of this amount, ¥239 million was recorded in Industrial Products and ¥217 million in Household Products during the cumulative second quarter of the current consolidated fiscal year.」
The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥456 million, up from ¥25 million in the same period of the previous year. - FY2022-Q1WorsenedAnnual report
「The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥299 million. Of this amount, ¥109 million was recorded in Industrial Products and ¥189 million in Household Products during the cumulative first quarter of the current consolidated fiscal year.」
The Industrial Products and Household Products segments recorded total impairment losses on fixed assets of ¥299 million, up from ¥10 million in the same period of the previous year. - FY2021WorsenedAnnual report
「The reduction of ¥1,398 million was recorded as an impairment loss under extraordinary losses.」
Declining profitability was recognized in the agricultural film, heat pack, dehumidifier, wallpaper, footwear, PP film and abrasive-coated paper businesses, among others, and impairment losses increased from ¥1,157 million in the previous year to ¥1,398 million. - FY2021-Q3MitigatedAnnual report
「The Industrial Products segment recorded impairment losses on fixed assets. The impairment losses recorded during the cumulative third quarter of the current consolidated fiscal year amounted to ¥53 million.」
Impairment losses on fixed assets in the Industrial Products business amounted to ¥53 million, down from ¥120 million in the same period of the previous year. - FY2021-Q2MaterialisedAnnual report
「The Industrial Products segment recorded impairment losses on fixed assets. The impairment losses recorded during the cumulative second quarter of the current consolidated fiscal year amounted to ¥25 million.」
The Industrial Products business recorded ¥25 million in impairment losses on fixed assets due to declining profitability, with impairment charges arising again this quarter. - FY2021-Q1MaterialisedAnnual report
「Impairment loss - 10」
The Company recorded ¥10 million in impairment losses during the cumulative first quarter of the current fiscal year, with impairment charges arising again this fiscal year due to declining profitability. - FY2020MaterialisedAnnual report
「The Group determined that profitability had declined in the operating assets of its agricultural film, heat pack, boric acid bait, food sanitation products, dehumidifier, adhesive products, boot and abrasive-coated paper businesses, as well as in rental assets, and that a short-term recovery in performance was not expected. Accordingly, based on the Accounting Standard for Impairment of Fixed Assets, it reduced the carrying amounts of these assets to their recoverable amounts and recorded the reductions of ¥1,157 million as impairment losses under extraordinary losses.」
Declining profitability continued across multiple businesses and rental assets, resulting in impairment losses of ¥1,157 million. - FY2020-Q3MaterialisedAnnual report
「The Industrial Products segment recorded impairment losses on fixed assets. The impairment losses recorded during the cumulative third quarter of the current consolidated fiscal year amounted to ¥120 million.」
The Industrial Products business recorded ¥120 million in impairment losses on fixed assets, with impairment charges arising again this fiscal year due to declining profitability. - FY2020-Q2MaterialisedAnnual report
「The Industrial Products segment recorded impairment losses on fixed assets. The impairment losses recorded during the cumulative second quarter of the current consolidated fiscal year amounted to ¥84 million.」
The Industrial Products business recorded ¥84 million in impairment losses on fixed assets, with impairment charges arising again this fiscal year due to declining profitability. - FY2019WorsenedAnnual report
「The Group determined that profitability had declined in the operating assets of its wallpaper, agricultural film, heat pack, dehumidifier and abrasive-coated paper businesses and that a short-term recovery in performance was not expected. Accordingly, based on the Accounting Standard for Impairment of Fixed Assets, it reduced the carrying amounts of these assets to their recoverable amounts and recorded the reductions of ¥1,516 million as impairment losses under extraordinary losses.」
The businesses subject to declining profitability and impairment losses expanded from wallpaper and agricultural film to heat packs, dehumidifiers and abrasive-coated paper, resulting in impairment losses of ¥1,516 million. - FY2018MaterialisedAnnual report
「The Group determined that profitability had declined in the operating assets of its wallpaper and agricultural film businesses and that a short-term recovery in performance was not expected. Accordingly, based on the Accounting Standard for Impairment of Fixed Assets, it reduced the carrying amounts of these assets to their recoverable amounts and recorded the reductions of ¥1,795 million as impairment losses under extraordinary losses.」
A decline in profitability occurred in the wallpaper and agricultural film businesses, resulting in impairment losses of ¥1,795 million.