Impairment of Manufacturing Equipment and Other Assets Due to Deteriorating Market Conditions
First written in FY2016. 14 of 24 entries say "Restated". Latest entry: FY2026.
Nitta 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 2020: 51 of 96 companies on the "Worse" side.
26 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Impairment losses: ¥801 million」
Impairment losses increased from ¥345 million in the previous fiscal year to ¥801 million. The losses included ¥579 million on facilities in the real estate business, ¥136 million on facilities in the forest business, and ¥56 million on facilities in the hose and tube business, expanding beyond the manufacturing equipment previously covered. - 2026-05-08WorsenedEarnings
「Impairment losses were ¥58 million in the hose and tube products business, ¥579 million in the other industrial products business, and ¥162 million in other businesses.」
Impairment losses increased from ¥345 million in the previous fiscal year to ¥801 million, with the affected areas expanding to hose and tube products, other industrial products, and forestry and ranch-related facilities. - FY2025WorsenedAnnual report
「Impairment losses: ¥345 million」
Impairment losses increased from ¥31 million in the previous fiscal year to ¥345 million. The losses comprised ¥259 million on facilities in the hose and tube business, ¥44 million on facilities in the chemical products business, and ¥42 million on ranch-related facilities, indicating an expansion in both the scope and amount of impairment. - FY2023MaterialisedAnnual report
「Impairment losses: ¥38 million」
Impairment losses related to deteriorating market conditions also arose during the fiscal year, comprising ¥23 million on ranch-related facilities and ¥14 million on facilities in the hose and tube business. The amount decreased from ¥396 million in the previous fiscal year. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It reconfirms that there has been no material change in the risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions. - FY2022MaterialisedAnnual report
「The carrying amounts of asset groups expected to generate continued negative profit or cash flow from operating activities due to deteriorating market conditions were reduced to their recoverable amounts.」
Impairment losses totaling ¥396 million were recognized, comprising ¥361 million on ranch-related facilities and ¥35 million on facilities in the chemical products business. The scope and amount expanded from ¥157 million on ranch-related facilities in the previous fiscal year, and impairment also arose in facilities in the chemical products business. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It reconfirms that there has been no material change in the risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It reconfirms that there has been no material change in the risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions. - FY2021MaterialisedAnnual report
「Extraordinary losses totaled ¥274 million, including ¥157 million in impairment losses on ranch facilities and other assets.」
Impairment losses of ¥157 million were recognized on ranch-related facilities due to deteriorating market conditions and other factors, indicating that impairment also materialized for assets other than manufacturing equipment. Although signs of impairment arose in the chemical products business, no impairment loss was recognized for the fiscal year. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions has been reconfirmed through a comprehensive statement that there has been no material change. - FY2020MaterialisedAnnual report
「Extraordinary losses totaled ¥154 million, including ¥122 million in impairment losses on manufacturing equipment for temperature-sensitive adhesive tape products and other assets.」
Impairment losses totaling ¥122 million were recognized on manufacturing equipment for temperature-sensitive adhesive tape, chemical products and sensor products against a backdrop of deteriorating market conditions. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions has been reconfirmed through a comprehensive statement that there has been no material change. - FY2019MaterialisedAnnual report
「Extraordinary losses totaled ¥211 million, including ¥141 million in impairment losses on manufacturing equipment for air-conditioning products, sensors and other products.」
Against a backdrop of deteriorating market conditions and other factors, impairment losses totaled ¥141 million, comprising ¥94 million on buildings at the chemical products plant and other assets, ¥24 million on air-conditioning product manufacturing equipment, ¥16 million on temperature-sensitive tape product manufacturing equipment, and ¥6 million on sensor product manufacturing equipment. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It reconfirms that there has been no material change in the risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It reconfirms that there has been no material change in the risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It reconfirms that there has been no material change in the risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions has been reconfirmed through a comprehensive statement that there has been no material change. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions has been reconfirmed through a comprehensive statement that there has been no material change. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions has been reconfirmed through a comprehensive statement that there has been no material change. - FY2017MaterialisedAnnual report
「The carrying amounts of the air-conditioning product manufacturing equipment and temperature-sensitive tape product manufacturing equipment in asset groups expected to generate continued negative profit or cash flow from operating activities due to deteriorating market conditions were reduced to their recoverable amounts.」
Impairment losses of ¥146 million were recognized on air-conditioning product manufacturing equipment and other assets due to deteriorating market conditions, indicating that the impairment risk materialized during the fiscal year. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions has been reconfirmed through a comprehensive statement that there has been no material change. - FY2017-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions has been reconfirmed through a comprehensive statement that there has been no material change. - FY2017-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement confirms that there has been no material change in the risk of impairment of manufacturing equipment and other assets due to deteriorating market conditions. - FY2016First statedAnnual report
「The carrying amounts of the air-conditioning product manufacturing equipment and temperature-sensitive tape product manufacturing equipment in asset groups expected to generate continued negative profit or cash flow from operating activities due to deteriorating market conditions were reduced to their recoverable amounts.」
Impairment losses were recognized on equipment for air-conditioning products, temperature-sensitive tape products and other assets due to deteriorating market conditions, and impairment losses for the fiscal year totaled ¥142 million.