Impairment Losses Due to Deteriorating Market Conditions
First written in FY2016. 9 of 11 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「During the consolidated fiscal year, the recoverable amount fell below the carrying amount due to significant changes in the external environment surrounding the North American automotive market, and the Company recognized an impairment loss of ¥5,598 million on the related goodwill.」
The risk of declining asset values due to deteriorating market conditions and the business environment materialized as a ¥5,598 million impairment loss on goodwill at the North American automotive components group. Including this amount, impairment losses for the period totaled ¥7,371 million. - FY2024MitigatedAnnual report
「Following its assessment, the Company determined that there were no indications of impairment and therefore did not record any impairment losses during the consolidated fiscal year.」
The Company performed an impairment assessment of UACJ (Thailand)'s property, plant and equipment, right-of-use assets, and intangible assets totaling ¥101,861 million, and recorded no impairment losses for the year. The disclosure continues to state that losses could be recognized in the future if market conditions deteriorate. - FY2022MaterialisedAnnual report
「Because future cash flows from machinery and equipment in Pennsylvania, USA, and other assets declined significantly and the investment is expected to be difficult to recover, the carrying amount was reduced to the recoverable amount, with the reduction recorded as an impairment loss under extraordinary losses.」
The risk of declining asset values due to deteriorating market conditions and the business environment materialized as an impairment loss of ¥522 million on equipment in Pennsylvania, USA. - FY2021-Q3MaterialisedAnnual report
「UACJ Extrusion (Thailand) Co.,Ltd., a consolidated subsidiary, recorded an impairment loss of ¥1,484 million in connection with the decision to transfer the all-aluminum heat exchanger business for outdoor units of cooling-only air conditioners and close the Ayutthaya Plant. The Company also recorded a loss on valuation of shares of affiliates and other investments of ¥297 million. In addition, UACJ Foil Corporation, a consolidated subsidiary, recorded an impairment loss of ¥118 million at its Shiga Plant after suspending some equipment to improve the production efficiency of aluminum foil rolling.」
The transfer of the heat exchanger business in Thailand and closure of the Ayutthaya Plant resulted in an impairment loss of ¥1,484 million and a loss on valuation of shares of affiliates and other investments of ¥297 million. The suspension of equipment at the Shiga Plant resulted in an additional impairment loss of ¥118 million. - FY2021-Q2MaterialisedAnnual report
「In connection with the decision to transfer the all-aluminum heat exchanger business for outdoor units of cooling-only air conditioners, which is produced and sold in Thailand, UACJ Extrusion (Thailand) Co.,Ltd., a consolidated subsidiary, recorded an impairment loss of ¥800 million, while the Company recorded a loss on valuation of shares of affiliates and other investments of ¥297 million. In addition, UACJ Foil Corporation, a consolidated subsidiary, recorded an impairment loss of ¥118 million at its Shiga Plant after suspending some equipment to improve the production efficiency of aluminum foil rolling.」
In connection with the decision to transfer the all-aluminum heat exchanger business in Thailand, the Company recorded an impairment loss of ¥800 million and a loss on valuation of shares of affiliates and other investments of ¥297 million. It also incurred an impairment loss of ¥118 million following the suspension of equipment at the Shiga Plant. - FY2020-Q3MaterialisedAnnual report
「Loss on valuation of shares of affiliates 5,367」
UACJ Australia recorded valuation losses on shares related to Boyne Smelters and loans it holds. The loss on valuation of shares of affiliates totaled ¥5,367 million, indicating that the risk of declining asset values due to deteriorating market conditions and the business environment has materialized as an actual loss. - FY2017MaterialisedAnnual report
「Impairment losses 365」
The Company recorded ¥365 million in impairment losses during the consolidated fiscal year, indicating that the impairment risk associated with deteriorating market conditions and the business environment continues to materialize. - FY2017-Q2MaterialisedAnnual report
「Impairment losses 321」
The consolidated quarterly income statement for the cumulative second quarter recorded ¥321 million in impairment losses as extraordinary losses. - FY2016First statedAnnual report
「If the market prices of assets held by the Group decline significantly due to deteriorating market conditions or the business environment, or if the earnings-generating capacity of the assets declines, impairment losses may arise on those assets.」
During the period, the Company recorded impairment losses in Ena, Gifu Prefecture, and Guangdong Province, China, among other locations. Impairment losses on a consolidated basis totaled ¥430 million.