Risk of Impairment of Fixed Assets
First written in FY2016. 16 of 22 entries say "Materialised", first in FY2016. Latest entry: FY2026.
Pacific Metals moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the current consolidated fiscal year, sales prices were set at levels that took partial reference not only from the market prices applied by the Company but also from nickel pig iron prices, which offered a price advantage, limiting revenue to a certain extent. Procurement prices remained high, as prices for nickel ore, the main raw material, as well as fuel, raw materials and electricity continued at elevated levels. As the profitability of the nickel business remained low and in light of the uncertain business environment, the carrying amount of the relevant asset group was reduced to its recoverable amount. The reduction of ¥265 million was recorded as an impairment loss under extraordinary losses.」
Against a backdrop of weak profitability in the nickel business, the impairment loss on fixed assets increased from ¥133 million in the previous fiscal year to ¥265 million. - FY2026-H1MaterialisedAnnual report
「An impairment loss of ¥4 million was recorded in the “Nickel Business.”」
Although the amount was lower than the previous fiscal year’s impairment loss of ¥133 million, an impairment loss on fixed assets of ¥4 million occurred again in the nickel business. - FY2025MitigatedAnnual report
「The reduction of ¥133 million was recorded as an impairment loss under extraordinary losses.」
Although impairment of fixed assets occurred, it declined from ¥977 million in the previous fiscal year to ¥133 million. - FY2024MaterialisedAnnual report
「As the profitability of the nickel business remained low and in light of the uncertain business environment, the carrying amount of the relevant asset group was reduced to its recoverable amount. The reduction of ¥977 million was recorded as an impairment loss under extraordinary losses.」
Although no impairment loss was recorded in the previous fiscal year, an impairment loss on fixed assets of ¥977 million was recorded again against a backdrop of weak profitability in the nickel business. - FY2023MitigatedAnnual report
「Consolidated fiscal year (from 1 April 2022 to 31 March 2023): Not applicable.」
No impairment loss on fixed assets was recorded during the current fiscal year, maintaining the absence of impairment following the ¥317 million recorded in the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Not applicable.」
No impairment loss on fixed assets was recorded in the nickel business for the three-month period of the current fiscal year, and no impairment loss recorded through the immediately preceding quarter occurred. - FY2022-Q3MaterialisedAnnual report
「An impairment loss of ¥317 million was recorded in the “Nickel Business.”」
After no impairment loss had been recorded in the previous fiscal year, an impairment loss of ¥317 million was recorded in the nickel business for the nine-month period of the current fiscal year. - FY2022-Q1MaterialisedAnnual report
「An impairment loss of ¥61 million was recorded in the “Nickel Business.”」
After no impairment loss had been recorded in the previous fiscal year, an impairment loss on fixed assets of ¥61 million was recorded in the nickel business in the first quarter of the current fiscal year, and impairment recurred. - FY2020MitigatedAnnual report
「Consolidated fiscal year (from 1 April 2019 to 31 March 2020): Not applicable.」
Although an impairment loss of ¥90 million was recorded in the previous fiscal year, no impairment loss was recorded for the current consolidated fiscal year. - FY2019-Q3MaterialisedAnnual report
「Impairment losses of ¥86 million and ¥4 million were recorded in the “Nickel Business” and “Other,” respectively. The total impairment loss recorded for the nine-month period of the current fiscal year was ¥90 million.」
An impairment loss on fixed assets of ¥90 million was recorded for the nine-month period of the current fiscal year, and impairment continued to occur. - FY2019-Q2MaterialisedAnnual report
「An impairment loss of ¥36 million was recorded in the “Nickel Business.”」
An impairment loss of ¥36 million was recorded in the nickel business for the six-month period of the current fiscal year, and impairment of fixed assets continued to occur. - FY2019-Q1MaterialisedAnnual report
「An impairment loss of ¥4 million was recorded in the “Nickel Business.”」
An impairment loss of ¥4 million was recorded in the nickel business for the three-month period of the current fiscal year, and impairment of fixed assets continued to occur. - FY2018-Q3MaterialisedAnnual report
「Impairment losses of ¥112 million and ¥0 million were recorded in the “Nickel Business” and “Other,” respectively. The total impairment loss recorded for the nine-month period of the current fiscal year was ¥113 million.」
An impairment loss of ¥113 million was recorded in the nickel business and other businesses for the nine-month period, and impairment of fixed assets continued to occur. - FY2018-Q2MaterialisedAnnual report
「Impairment losses of ¥54 million and ¥0 million were recorded in the “Nickel Business” and “Other,” respectively. The total impairment loss recorded for the six-month period of the current fiscal year was ¥54 million.」
An impairment loss of ¥54 million was recorded for the six-month period of the current fiscal year, and impairment of fixed assets continued to occur. - FY2018-Q1MaterialisedAnnual report
「An impairment loss of ¥14 million was recorded in the “Nickel Business.”」
An impairment loss of ¥14 million was recorded in the nickel business for the three-month period of the current fiscal year, and impairment of fixed assets continued to occur. - FY2017MaterialisedAnnual report
「The Group recorded an impairment loss for the current consolidated fiscal year. If the fair value of the Group’s fixed assets declines significantly in the future or the profitability of its businesses deteriorates, further impairment losses on fixed assets may arise through the application of impairment accounting for fixed assets, potentially affecting the Group’s operating results and financial condition.」
Impairment of fixed assets also occurred in FY2017, resulting in an impairment loss of ¥500 million. The possibility of additional impairment losses in the future continues to be disclosed. - FY2017-Q3MaterialisedAnnual report
「Impairment losses of ¥164 million and ¥1 million were recorded in the “Nickel Business” and “Other,” respectively. The total impairment loss recorded for the nine-month period of the current fiscal year was ¥165 million.」
An impairment loss of ¥165 million was recorded in the nickel business and other businesses for the nine-month period of the current fiscal year, and impairment of fixed assets continued to occur. - FY2017-Q2MaterialisedAnnual report
「An impairment loss of ¥70 million was recorded in the “Nickel Business.”」
An impairment loss of ¥70 million was recorded in the nickel business, and impairment of fixed assets continued to occur. - FY2017-Q1MaterialisedAnnual report
「An impairment loss of ¥49 million was recorded in the “Nickel Business.”」
An additional impairment loss of ¥49 million was recorded in the nickel business in the first quarter, and impairment of fixed assets continued to occur. - FY2016MaterialisedAnnual report
「The Group recorded an impairment loss in the fiscal year ended March 2016. If the fair value of the Group’s fixed assets declines significantly in the future or the profitability of its businesses deteriorates, further impairment losses on fixed assets may arise through the application of impairment accounting for fixed assets, potentially affecting the Group’s operating results and financial condition.」
The Group recorded an impairment loss of ¥26,038 million, mainly in the nickel business, in the fiscal year ended March 2016, while also disclosing the possibility of additional impairment losses in the future.