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Ngk (5333) · FactWorsened

Impairment of fixed assets used in the insulator and NAS businesses

First written in FY2017-Q2. 4 of 12 entries say "Restated". Latest entry: FY2023.

12entries
8years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q2 – FY2018-Q3WorsenedFY2019OtherFY2021-Q3 – FY20212016: 12017: 320172018: 320182019: 220192020: 020202021: 220212022: 020222023: 12023
Same theme, other companies
Fixed-asset impairment following the end of the insulator and NAS businessesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2023WorsenedAnnual report

    「Assets used in the insulator business (Note) Buildings and structures, machinery and equipment, vehicles and other assets Japan 2,616 (Note) This resulted from the decision to end the manufacture and sale of products manufactured at the Chita site.」

    In connection with the decision to end the manufacture and sale of insulator products at the Chita site, the company recognized an impairment loss of ¥2,616 million on fixed assets.
  2. FY2021Impairment recurs in the insulator businessAnnual report

    「Assets used in the insulator business (Note) Buildings and structures, machinery and equipment, vehicles and other assets Japan 666」

    In connection with the partial withdrawal from the insulator business, the company recognized an impairment loss of ¥666 million on fixed assets during the current fiscal year.
  3. FY2021-Q3Impairment recurs in the insulator businessAnnual report

    「Assets used in the insulator business Buildings and structures, machinery and equipment, vehicles and other assets Japan 671」

    During the cumulative third quarter, the company recognized an impairment loss of ¥671 million on assets used in the insulator business.
  4. FY2019WorsenedAnnual report

    「For the current consolidated fiscal year (from 1 April 2018 to 31 March 2019), the group recognized impairment losses mainly on the following asset groups.」

    The company recognized total impairment losses of ¥10,935 million on business assets and other assets whose profitability had declined, including ¥5,494 million on assets used in the package business and ¥3,133 million on assets used in the insulator business.
  5. FY2019-Q3RestatedAnnual report

    「For the cumulative third quarter of the current consolidated fiscal year (from 1 April 2018 to 31 December 2018), the group recognized impairment losses mainly on the following asset groups: use: assets used in the insulator business; type: machinery and equipment; location: China; impairment loss (¥ million): 1,174.」

    The company recognized an impairment loss of ¥1,174 million on machinery and equipment used in the China insulator business for the cumulative third quarter.
  6. FY2019-Q2Impairment recurs in the China insulator businessAnnual report

    「In the Electric Power-Related Business segment, the company recognized impairment losses on fixed assets used in the insulator business. The impairment loss recognized during the cumulative second quarter of the current consolidated fiscal year was ¥1,183 million.」

    During the first half, the company recognized an impairment loss of ¥1,183 million on machinery and equipment used in its China insulator business.
  7. FY2018WorsenedAnnual report

    「During the current consolidated fiscal year, the company recognized impairment losses of ¥966 million on assets used in the insulator business and ¥215 million on assets used in the NAS business.」

    The company recognized total impairment losses of ¥1,181 million on assets used in the insulator and NAS businesses, following the previous fiscal year.
  8. FY2018-Q3RestatedAnnual report

    「In the Electric Power-Related Business segment, the company recognized impairment losses on fixed assets used in the NAS business. The impairment loss recognized during the cumulative third quarter of the current consolidated fiscal year was ¥97 million.」

    The company disclosed the same ¥97 million of impairment on NAS business assets for the cumulative third quarter as for the cumulative second quarter.
  9. FY2018-Q2RestatedAnnual report

    「In the Electric Power-Related Business segment, the company recognized impairment losses on fixed assets used in the NAS business. The impairment loss recognized during the cumulative second quarter of the current consolidated fiscal year was ¥97 million.」

    Regarding the existing accounting issue of impairment on assets used in the insulator and NAS businesses, ¥97 million of impairment was recognized on NAS business assets for the current cumulative quarter.
  10. FY2017Update to full-year impairment lossesAnnual report

    「During the current consolidated fiscal year, the company recognized impairment losses of ¥1,744 million on assets used in the insulator business and ¥1,162 million on assets used in the NAS business.」

    The disclosure was updated from the cumulative third-quarter figure to the full-year impairment loss, bringing the total impairment on assets used in the insulator and NAS businesses to ¥2,906 million.
  11. FY2017-Q3RestatedAnnual report

    「In the Electric Power-Related Business segment, the company recognized impairment losses on fixed assets used in the insulator and NAS businesses. The impairment loss recognized during the cumulative third quarter of the current consolidated fiscal year was ¥2,044 million.」

    The company disclosed ¥2,044 million of impairment losses on assets used in the insulator and NAS businesses for the cumulative third quarter.
  12. FY2017-Q2First statedAnnual report

    「In the Electric Power-Related Business segment, the company recognized impairment losses on fixed assets used in the insulator and NAS businesses. The impairment loss recognized during the cumulative second quarter of the current consolidated fiscal year was ¥2,021 million.」

    The Electric Power-Related Business segment recognized total impairment losses on fixed assets used in the insulator and NAS businesses of ¥2,021 million.
Moved together

"Business restructuring and profitability improvement for insulators and industrial equipment-related products" moved the same way as this thread, in the same document, in 2 of its 12 moves.

22★12
  1. ★This thread
  2. 1Business restructuring and profitability improvement for insulators and industrial equipment-related products2×
  3. 2Improving earnings power and capital efficiency with a medium- to long-term focus on ROE of 10% or higher2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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