Impairment risk from deteriorating profitability of operating assets
First written in FY2018. 11 of 16 entries say "Restated". Latest entry: FY2026.
Fujimi moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 67 of 129 companies on the "Worse" side.
58 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The Company recognized an impairment loss due to a significant divergence from the initial plan caused by unforeseeable changes in market conditions during the current consolidated fiscal year, as well as deteriorating profitability.」
The Company recognized impairment losses of ¥305 million on certain fixed assets related to advanced technologies and functional materials and ¥63 million for the Biwajima Plant, totaling ¥369 million, and the risk materialized during the current fiscal year. - 2026-05-14MaterialisedEarnings
「Because unexpected changes in market conditions resulted in a substantial divergence from the original plan and the profitability of the Biwajima Plant deteriorated, we determined that the estimated total future cash flows would fall below the carrying amount. Accordingly, the excess of the carrying amount over the recoverable amount was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥369 million was recognized for development facilities for advanced technologies and functional materials and for the Biwajima Plant. - FY2024MaterialisedAnnual report
「For certain fixed assets related to the asset group of the Company’s Kagamihara Plant, the Company determined that future performance would diverge significantly from the initial plan due to deteriorating profitability and that total estimated future cash flows would be lower than the carrying amount of the asset group. Accordingly, the excess of the carrying amount over the recoverable amount was recognized as an impairment loss under extraordinary losses.」
The Company recognized an impairment loss of ¥245 million on certain assets at the Kagamihara Plant, and the impairment risk arising from deteriorating profitability materialized during the current fiscal year. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2021MaterialisedAnnual report
「Due to the deterioration in profitability at the Company’s Inazawa Plant and other factors, and the significant decline in the market value of assets belonging to the Company’s thermal spray materials business and other factors, the Company determined that the total estimated future cash flows for the fixed assets related to the asset groups for the Inazawa Plant and the thermal spray materials business were lower than the carrying amounts of those asset groups. Accordingly, the excess of the carrying amounts over recoverable amounts was recognized as an impairment loss under extraordinary losses.」
The Company recognized impairment losses of ¥229 million for the Inazawa Plant and ¥238 million for the thermal spray materials business, totaling ¥467 million, and the risks of deteriorating profitability and declining market value materialized. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2021-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material change in the impairment risk arising from deteriorating returns on operating assets. - FY2018MaterialisedAnnual report
「The Group applies the accounting standard for impairment of fixed assets. In applying the standard, it estimates future cash flows and other amounts based on reasonable and supportable assumptions and forecasts. If those assumptions and forecasts change, it may be necessary to recognize an impairment loss. In the current consolidated fiscal year, the Group recognized impairment losses on operating assets for which it determined that an early recovery in earnings and cash flows could not be expected.」
The Company recognized an impairment loss of ¥568 million for Building 1 at the Kagamihigashimachi Plant, resulting in the deterioration in returns on operating assets and the variance from estimated cash flows materializing as an actual loss.