Declining profitability of fixed assets and impairment losses
First written in FY2016. 5 of 7 entries say "Materialised", first in FY2016. Latest entry: FY2026.
Kyoei Steel 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 2025: 15 of 24 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The consolidated fiscal year (from 1 April 2025 to 31 March 2026)」
Impairment losses totaling ¥190 million were recognized on warehouse facilities and the former office in connection with their sale and the construction of a new office. Risks related to the profitability and expected use of fixed assets continue to materialize. - FY2023MaterialisedAnnual report
「For plants in the overseas steel business, including those in Hung Yen Province, Vietnam, the carrying amount of fixed assets related to Vietnam Italy Steel Co., Ltd. was reduced to the recoverable amount and recognized as an extraordinary loss because profitability had declined.」
Following a decline in the profitability of fixed assets related to Vietnam Italy Steel Co., Ltd., an impairment loss of ¥1,068 million was recognized in the overseas steel business. - FY2022RestatedAnnual report
「During the nine-month period ended 31 December, impairment losses on fixed assets were recognized in connection with the decision to sell certain employee housing properties. Of this amount, ¥150 million was recognized in the Domestic Steel Business and ¥4 million in the Environmental Recycling Business.」
The recognition of ¥154 million in impairment losses on fixed assets following the decision to sell employee housing properties was also confirmed in the annual report. - FY2022-Q3MaterialisedAnnual report
「During the nine-month period ended 31 December, impairment losses on fixed assets were recognized in connection with the decision to sell certain employee housing properties. Of this amount, ¥150 million was recognized in the Domestic Steel Business and ¥4 million in the Environmental Recycling Business.」
Following the decision to sell employee housing properties, impairment losses totaling ¥154 million were recognized on fixed assets. - FY2020-Q3MaterialisedAnnual report
「For plants in the overseas steel business, including those in Hung Yen Province, Vietnam, the carrying amount of property, plant and equipment, including goodwill, related to Vietnam Italy Steel was reduced to its recoverable amount due to lower profitability, and the reduction was recorded as an extraordinary loss.」
The decline in the profitability of property, plant and equipment, including goodwill, related to VIS actually occurred, and an impairment loss of ¥4,481 million was recorded. - FY2018RestatedAnnual report
「Our group owns property, plant and equipment, including production facilities and land. If asset values decline due to lower profitability or a decrease in fair value, an impairment loss may arise and affect the performance of our group.」
The company continues to disclose the risk of impairment due to lower profitability and declines in the fair value of property, plant and equipment. It states that there were no impairment losses by reporting segment during the current fiscal year. - FY2016MaterialisedAnnual report
「If the value of assets declines due to lower profitability or a decrease in the fair value of property, plant and equipment, an impairment loss may arise and affect the performance of our group.」
During the current fiscal year, KSVC recorded an impairment loss of ¥1,401 million on property, plant and equipment, including ¥1,392 million related to the planned construction site for a new plant in Ninh Binh Province, Vietnam, and other assets.