Risk of Impairment Losses on Fixed Assets
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2025.
Nichia Steel Works moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.
3 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「For fixed assets whose initially projected earnings could no longer be expected following the dissolution of a subsidiary, the carrying amount was reduced to the recoverable amount, and the decrease was recognized as an impairment loss.」
The fixed-asset impairment risk materialized as an impairment loss of ¥173.156 million on fixed assets following the dissolution of a subsidiary in China. The recoverable amount of the assets was assessed at zero. - FY2019RestatedAnnual report
「If the fair value of the Group’s fixed assets declines substantially or the profitability of its businesses deteriorates, impairment losses on fixed assets may be recognized under impairment accounting, which may affect the Group’s earnings and financial position.」
The risk of impairment losses due to declines in the fair value of fixed assets or deteriorating profitability continues to be disclosed. - FY2018First statedAnnual report
「If the fair value of the Group’s fixed assets declines substantially or the profitability of its businesses deteriorates, impairment losses on fixed assets may be recognized under impairment accounting, which may affect the Group’s earnings and financial position.」
The possibility of impairment losses due to declines in the fair value of fixed assets or deteriorating business profitability is identified as a risk item for the first time.