Impairment of Idle Assets at the Akashi Plant Following Loss of Expected Future Use
First written in FY2019. 7 of 12 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Shinto moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 6 of 13 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To make effective use of idle real estate held by the Company, we began leasing it during the fiscal year. Accordingly, revenue from the real estate leasing business was generated from the fiscal year.」
The Company began leasing idle real estate and recorded leasing revenue of ¥32 million and operating profit of ¥18 million. Monetization of idle assets advanced the response to the impairment risk that had previously existed. - 2026-05-08MitigatedEarnings
「Revenue from the real estate leasing business began to be recognized from the third quarter of the current fiscal year, resulting in revenue of ¥16 million and operating profit of ¥10 million.」
The company began utilizing idle assets by leasing the Akashi Plant and recorded real estate leasing revenue and operating profit. - FY2026-H1MitigatedAnnual report
「The company entered into an agreement to lease its buildings and land for the purpose of making effective use of idle assets and securing stable future earnings.」
A lease agreement has been signed for idle assets at the Akashi Plant, and measures are underway to make effective use of the assets and secure stable income. - FY2025MitigatedAnnual report
「Fiscal year (from 1 July 2024 to 30 June 2025) No applicable items.」
Following the impairment of idle assets at the Akashi Plant in the previous fiscal year, no new impairment loss was recognized during the fiscal year. - FY2024MaterialisedAnnual report
「Because the assets were no longer expected to be used in the future during the fiscal year, they were deemed to have no substantive value. Accordingly, their entire carrying amount was recognized as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥5.869 million on idle assets at the Akashi Plant, comprising ¥5.183 million for machinery and equipment and ¥686,000 for tools, fixtures and furniture. - FY2023MaterialisedAnnual report
「Because the assets were no longer expected to be used in the future during the fiscal year, they were deemed to have no substantive value. Accordingly, their entire carrying amount was recognized as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥6.187 million on construction in progress, an idle asset at the Akashi Plant, because it was no longer expected to be used in the future. An impairment loss has arisen again after no new impairment was recognized in the previous fiscal year. - FY2022MitigatedAnnual report
「Fiscal year (from 1 July 2021 to 30 June 2022) No applicable items.」
Following the impairment loss arising from the discontinuation of plants and other facilities in the previous fiscal year, no new impairment loss was recognized during the fiscal year. - FY2021MaterialisedAnnual report
「Because the assets were no longer expected to be used in the future during the fiscal year, they were deemed to have no substantive value. Accordingly, their entire carrying amount was recognized as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥75.110 million following the discontinuation of the Head Office No. 2 Plant, the Futaike Plant and other facilities. The impairment of idle assets that are no longer expected to be used in the future is reflected in full-year results. - FY2021-Q2MaterialisedAnnual report
「Extraordinary losses Impairment loss － 70,130 Other － 5,735 Total extraordinary losses － 75,866」
The company recognized an impairment loss of ¥70.130 million on idle fixed assets associated with the discontinuation of the Futaike Plant and Head Office No. 2 Plant as an extraordinary loss for the six months ended the second quarter. - FY2021-Q1MaterialisedAnnual report
「In connection with this, fixed assets that became idle were tested for impairment under the Accounting Standard for Impairment of Fixed Assets, and ¥70 million was recognized as an extraordinary loss (impairment loss).」
The company recognized an impairment loss of ¥70 million on fixed assets that became idle following the decision to discontinue the Futaike Plant and Head Office No. 2 Plant. This was a new impairment charge following the impairment of existing idle assets. - FY2020MaterialisedAnnual report
「Konan No. 2 Plant (Hekinan, Aichi Prefecture) Idle assets Construction in progress 6,820 Because the assets were no longer expected to be used in the future during the fiscal year, they were deemed to have no substantive value. Accordingly, their entire carrying amount was recognized as an impairment loss under extraordinary losses.」
Following the Akashi Plant, the company recognized an impairment loss of ¥6.820 million on idle assets at the Konan No. 2 Plant because they were no longer expected to be used in the future. - FY2019MaterialisedAnnual report
「Because the assets were no longer expected to be used in the future during the fiscal year, they were deemed to have no substantive value. Accordingly, their entire carrying amount was recognized as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥17.376 million on construction in progress, an idle asset at the Akashi Plant, because it was no longer expected to be used in the future.