Impairment risk for fixed assets in the precision components business
First written in FY2021. 1 of 2 entries say "Dropped", first in FY2022. Latest entry: FY2022.
The whole theme swung hardest in 2024: 20 of 50 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「Information on impairment losses on fixed assets by reportable segment Not applicable.」
The impairment risk for fixed assets in the precision components business, identified as a significant accounting estimate in the previous fiscal year, is not separately described among the significant estimates or segment impairment information in the current filing. - FY2021First statedAnnual report
「The Company determined that there were indications of impairment for ¥1,126 million in fixed assets in the asset group for the precision components business. In testing for recognition of an impairment loss, the total undiscounted future cash flows generated by the asset group exceeded its carrying amount, so no impairment loss was recorded for the current consolidated fiscal year. However, in light of the risk of a material impact on the consolidated financial statements for the following fiscal year, the matter was identified as a disclosure item.」
The Company identified indications of impairment for ¥1,126 million in fixed assets in the precision components business, but recorded no impairment loss for the current fiscal year because undiscounted future cash flows exceeded the carrying amount. The filing states that revisions to future order volumes, selling prices and growth rates may affect impairment recognition from the following fiscal year onward.