Recognition of Impairment Losses on Fixed Assets
First written in FY2022-Q3. 2 of 9 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2026: 6 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Impairment losses of ¥521 million were recognized in other expenses in the consolidated income statement.」
Full-year impairment losses totaled ¥521 million, down from ¥828 million in the previous fiscal year. However, impairment losses were recognized in 4 segments. - FY2025MitigatedAnnual report
「The carrying amounts of operating assets whose profitability had declined were reduced to their recoverable amounts, and the resulting reduction of ¥828 million was recognized as impairment losses in other expenses in the consolidated income statement.」
Full-year impairment losses totaled ¥828 million, down from ¥2.649 billion in the previous fiscal year. They were recognized in Special Steel Products and Functional Materials and Magnetic Materials. - FY2024Update on the full-year amount recognizedAnnual report
「Impairment losses of ¥2,649 million were recognized in other expenses in the consolidated income statement.」
Full-year impairment losses of ¥2.649 billion were recognized in the three segments of Special Steel Products, Functional Materials and Magnetic Materials, and Automotive Parts and Industrial Machinery Parts. - FY2024-Q3Cumulative amount recognized updateAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, impairment losses of ¥958 million were recognized in the Functional Materials and Magnetic Materials segment and ¥175 million in the Automotive Parts and Industrial Machinery Parts segment.」
During the cumulative third quarter, impairment losses of ¥958 million were recognized in Functional Materials and Magnetic Materials and ¥175 million in Automotive Parts and Industrial Machinery Parts. - FY2024-Q2Cumulative amount recognized updateAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, impairment losses of ¥960 million were recognized in the Functional Materials and Magnetic Materials segment.」
Impairment losses of ¥960 million were recognized in the Functional Materials and Magnetic Materials segment during the cumulative second quarter. - FY2023-Q3Cumulative amount recognized updateAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, impairment losses of ¥503 million were recognized in the Automotive Parts and Industrial Machinery Parts segment.」
The cumulative impairment losses through the third quarter in the Automotive Parts and Industrial Machinery Parts segment have been updated to ¥503 million. - FY2023-Q2Cumulative amount recognized updateAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, impairment losses of ¥450 million were recognized in the Automotive Parts and Industrial Machinery Parts segment.」
Impairment losses of ¥450 million were recognized in the Automotive Parts and Industrial Machinery Parts segment during the cumulative second quarter of the current consolidated fiscal year. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, certain businesses and consolidated subsidiaries, primarily in the Functional Materials and Magnetic Materials, Automotive Parts and Industrial Machinery Parts, and Distribution and Services business segments, held assets or asset groups showing indications of impairment due to continuing operating losses or idling. Total impairment losses of ¥3,519 million were recognized in the consolidated income statement.」
Full-year impairment losses totaled ¥3.519 billion and arose in the Functional Materials and Magnetic Materials, Automotive Parts and Industrial Machinery Parts, and Distribution and Services segments. - FY2022-Q3First statedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, impairment losses of ¥2,108 million were recognized in the Automotive Parts and Industrial Machinery Parts segment and ¥172 million in the Distribution and Services segment.」
The company reported for the first time that impairment losses had been recognized in the Automotive Parts and Industrial Machinery Parts and Distribution and Services segments during the cumulative third quarter of the current consolidated fiscal year.