Fair Value Fluctuations and Impairment Risks for Securities and Fixed Assets
First written in FY2016. 9 of 20 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Shinagawa Refra moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 24 of 52 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, we recorded impairment losses totaling ¥9,716 million, including ¥3,885 million at our consolidated subsidiary Shinagawa Refratários do Brasil Ltda., ¥1,482 million at Reframax Engenharia S.A., and ¥4,348 million at our Ako plant.」
Impairment losses totaling ¥9,716 million were recorded at the Brazilian subsidiaries, Reframax and the Ako plant, among others, substantially exposing the risk of changes in the value of fixed assets and goodwill. - FY2025MitigatedAnnual report
「During the consolidated fiscal year, for asset groups among the idle assets at our Yumoto and Ako plants and in Kashima, Ibaraki Prefecture whose net realizable value was below their carrying amount, we reduced the carrying amount to the recoverable amount and recorded the resulting reduction as an impairment loss.」
The company recorded an impairment loss of ¥220 million on idle assets and other assets, down from ¥422 million in the previous fiscal year. Losses arising from changes in the value and profitability of fixed assets have continued. - FY2024WorsenedAnnual report
「During the fiscal year, the company decided to transfer production of certain products from the Yumoto Plant in order to consolidate production of monolithic refractories. Of the production equipment, the company recorded the remaining carrying value of equipment that was not expected to be used after the production transfer as an impairment loss.」
The company recorded total impairment losses of ¥422 million on production transfer equipment at the Yumoto Plant and idle assets at the Kashima, Okayama and Ako plants, up from ¥105 million in the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「Impairment loss 1」
Impairment losses for the nine-month period were ¥1 million, down from ¥57 million in the same period of the previous year. However, impairment of fixed assets itself continued to occur. - FY2023-Q2MitigatedAnnual report
「Impairment loss 1」
Impairment losses for the six-month period were ¥1 million and remained low even after the substantial impairment losses recorded in the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Impairment loss 1」
Impairment losses for the three months ended June 30 were ¥1 million, a significant decrease from ¥40 million in the same period of the previous year. However, impairment of fixed assets itself continued to occur. - FY2022MitigatedAnnual report
「Impairment loss 63」
Impairment losses for the fiscal year were ¥63 million, a significant decrease from ¥3.384 billion in the previous fiscal year. However, impairment of idle assets and other assets continued to occur. - FY2022-Q2MitigatedAnnual report
「Impairment losses 57」
Impairment losses for the six months ended September 30 were ¥57 million, a significant decrease from ¥3.276 billion in the same period of the previous year. However, impairment of fixed assets itself continued to occur. - FY2022-Q1MaterialisedAnnual report
「Impairment loss 40」
The company recorded a ¥40 million impairment loss on fixed assets in the three months ended June 30, indicating that losses from fluctuations in the value and profitability of fixed assets continued to occur. - FY2021MaterialisedAnnual report
「Regarding rental properties formerly operated in Nagoya, Aichi Prefecture, including land and buildings for a shopping center, at a meeting of the company's Board of Directors held on 22 October 2020, the company resolved to accept the tenant's request for early termination and approved a policy for future use of the land. Accordingly, the company reduced the carrying value of rental properties and other assets, including buildings scheduled for removal after the early termination, to their recoverable amounts and recorded the resulting reduction as an impairment loss.」
The company recorded impairment losses of ¥3.321 billion on rental properties and other assets in Nagoya, and ¥3.384 billion in total including leisure facilities and other assets, indicating that the risk from fluctuations in the market value and profitability of fixed assets materialized as a substantial loss. - FY2021-Q2MaterialisedAnnual report
「The company recorded an impairment loss of ¥3.276 billion on fixed assets related to rental properties and other assets in Nagoya, Aichi Prefecture. As a result, the quarterly net loss attributable to owners of the parent was ¥581 million.」
The company recorded an impairment loss of ¥3.276 billion on fixed assets related to rental properties and other assets in Nagoya, indicating that the risk from fluctuations in the market value and profitability of fixed assets materialized as a substantial loss. - FY2021-Q1MitigatedAnnual report
「Impairment loss on investment securities 5」
The impairment loss on investment securities was ¥5 million, a significant decrease from ¥823 million in the same period of the previous year. However, valuation losses due to market value fluctuations continued to be recognized. - FY2020-Q3MaterialisedAnnual report
「Impairment loss on investment securities 945」
The company recorded a ¥945 million impairment loss on investment securities as an extraordinary loss, with the impact of market value fluctuations on operating results materializing. - FY2020-Q2MaterialisedAnnual report
「Impairment loss on investment securities 959」
The company recorded a ¥959 million impairment loss on investment securities as an extraordinary loss, with the impact of market value fluctuations on operating results also materializing in the first half. - FY2020-Q1MaterialisedAnnual report
「Impairment loss on investment securities 823」
The company recorded an ¥823 million impairment loss on investment securities as an extraordinary loss, with the impact of market value fluctuations on operating results materializing. - FY2018MaterialisedAnnual report
「During the fiscal year, the company reduced the carrying value of part of the land at the Nishinippon Plant's Ako Manufacturing Department and part of the land used for common facilities to their recoverable amounts because land prices had declined, and recorded the resulting reduction as an impairment loss.」
The company recorded total impairment losses of ¥64 million on land at the Ako Manufacturing Department and elsewhere due to declining land prices. - FY2017-Q1MaterialisedAnnual report
「Total assets as of the end of the three months ended June 30 decreased by ¥807 million from the end of the previous fiscal year, mainly due to a decrease in investment securities, to ¥102.890 billion.」
The decreases in investment securities and valuation difference on other marketable securities actually occurred and were reflected as decreases in assets and net assets due to market value fluctuations. - FY2016First statedAnnual report
「Because the Group holds marketable securities and fixed assets, fluctuations in their market values may adversely affect the Group's operating results and financial position through impairment and other factors.」
The company indicates that valuation differences on marketable securities and impairment of fixed assets may affect operating results and financial position.