Impairment of Fixed Assets
First written in FY2016. 6 of 7 entries say "Materialised", first in FY2019. Latest entry: FY2024.
Nichirin moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 66 of 128 companies on the "Worse" side.
57 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「For some of the bicycle brake-hose production equipment that became idle because of a decline in order volumes and for which recovery of the investment was no longer expected, the carrying amounts were reduced to recoverable amounts. The resulting reduction of ¥143 million was recognized as an impairment loss under extraordinary losses.」
The equipment became idle due to a decline in orders for bicycle brake hoses, and ¥143 million in impairment losses was actually recognized. - FY2024-H1MaterialisedAnnual report
「For some of the bicycle brake-hose production equipment that became idle because of a decline in order volumes and for which recovery of the investment was no longer expected, the carrying amounts were reduced to recoverable amounts. The resulting reduction of ¥143 million was recognized as an impairment loss under extraordinary losses during the current interim consolidated accounting period.」
Some equipment became idle due to a decline in orders for bicycle brake hoses, and ¥143 million in impairment losses on fixed assets was recognized. - FY2022MaterialisedAnnual report
「The company decided to recognize ¥126 million in impairment losses on customer-related assets due to declining profitability at NICHIRIN IMPERIAL AUTOPARTS INDIA PVT., LTD.」
Due to declining profitability at the Indian subsidiary, the recoverability of customer-related assets was lost and ¥126 million in impairment losses was actually recognized. - FY2021-Q3MaterialisedAnnual report
「During the nine-month period of the current consolidated fiscal year, the carrying amounts of the parking facilities sold (land and structures) were reduced to recoverable amounts upon the conclusion of real estate sale and purchase agreements. The resulting reduction was recognized as an impairment loss under extraordinary losses.」
The company recognized impairment losses on the parking facilities sold, indicating that the impairment risk for fixed assets continues to emerge as an actual result. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated fiscal year, the carrying amounts of 4 parking facilities (land and structures) held by the company as assets scheduled for disposal, whose sale had been decided on for the current consolidated fiscal year, were reduced to recoverable amounts upon the conclusion of real estate sale and purchase agreements. The resulting reduction was recognized as an impairment loss under extraordinary losses.」
The company recognized impairment losses on fixed assets in connection with the conclusion of real estate sale and purchase agreements for 4 parking facilities scheduled for sale, indicating that impairment risk has emerged as an actual result. - FY2019MaterialisedAnnual report
「At the end of the consolidated fiscal year, certain assets were expected to be demolished and retired following the suspension of production at Shanghai Nichirin Automotive Parts Co., Ltd., and to be retired following the suspension of production at Nichirin UK Limited at the end of June 2020. Their carrying amounts were reduced to recoverable amounts」
Following the suspension of production at subsidiaries in Shanghai and the UK, the company actually recognized ¥62 million in impairment losses on fixed assets. - FY2016First statedAnnual report
「If the business environment deteriorates substantially, the Group may incur impairment losses, which could affect its operating results and financial position.」
The company discloses the risk of impairment losses on fixed assets triggered by a substantial deterioration in the business environment or similar factors.