Difficulty Securing Profitability and Impairment in the Steel Fixtures Manufacturing and Sales Business
First written in FY2022. 1 of 2 entries say "Materialised", first in 2026-05-26. Latest entry: 2026-05-26.
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- 2026-05-26MaterialisedGeneral Meetings of Shareholders
「For business-use assets, because profitability declined and recovery of the investment was no longer expected, we reduced their carrying value to the recoverable amount and recorded the reduction as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥76.717 million on assets used in the Life & Support business. - FY2022First statedAnnual report
「The steel fittings manufacturing and sales business within the Group’s Housing Equipment Business is operated by consolidated subsidiary Metal Star Kogyo Co., Ltd. In light of the estimates described above, indications of impairment were identified in assets related to that business. After reviewing future recoverability, the Company reduced the carrying amount to the recoverable amount and recorded an impairment loss of ¥163,968 thousand.」
The Company expected it to be difficult to secure profitability from fiscal 2022 onward because steel prices remained high and passing on costs was difficult, and recorded an impairment loss of ¥163,968 thousand on assets related to the steel fittings manufacturing and sales business.