Impairment loss on fixed assets due to lower profitability in the steel structures business
First written in FY2021. 2 of 7 entries say "Worsened", first in FY2024. Latest entry: FY2026.
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- FY2026RestatedAnnual report
「We hold most of the fixed assets related to the bridge and steel structures businesses at our Wakayama Plant. Depending on order conditions, if we recognize impairment losses in the future due to a significant deterioration in the operating environment of either business, this could have a material impact on our results.」
We continued to disclose the risk of fixed-asset impairment associated with deteriorating profitability in the steel structures business and other operations. No impairment loss was recognized in the fiscal year ending March 2026. - FY2026-H1WorsenedAnnual report
「② Steel Structures Business In the steel structures business, revenue for the interim accounting period was ¥1,810.662 million, down 34.0% year on year, and the segment recorded a loss of ¥56.108 million, compared with segment profit of ¥82.066 million in the same period of the previous year.」
The steel structures business shifted from a profit in the same period of the previous year to a segment loss, while revenue also declined 34.0%. Although business profitability, which underpins the risk of fixed-asset impairment from lower profitability, deteriorated, no impairment loss was reported for the interim accounting period. - FY2025MitigatedAnnual report
「To address this risk, we will rebuild our production structure in anticipation of medium- to long-term market trends and seek sustainable growth, stability and higher profitability through the steady implementation of Medium-Term Management Plan 2024.」
In response to the risk of fixed-asset impairment due to lower profitability in the steel structures business, we identified rebuilding our production structure in line with market trends as a mitigating measure. No impairment loss was recognized in the current fiscal year. - FY2024WorsenedAnnual report
「For the steel structures business, where profitability remained uncertain, we recognized impairment losses for 4 consecutive fiscal years from the fiscal year ended March 2021 through the fiscal year ended March 2024.」
Due to profitability concerns in the steel structures business, impairment losses were recognized for the fourth consecutive fiscal year. The impairment loss for the current fiscal year was ¥52.087 million, up from ¥43.414 million in the previous fiscal year. - FY2023Impairment losses for 3 consecutive years, with the amount decliningAnnual report
「For the steel structures business, where profitability remained uncertain, we recognized impairment losses for 3 consecutive fiscal years from the fiscal year ended March 2021 through the fiscal year ended March 2023.」
Due to continued profitability concerns in the steel structures business, we recognized impairment losses for 3 consecutive fiscal years. The impairment loss for the fiscal year ended March 2023 was ¥43.414 million, down from ¥134.647 million in the previous fiscal year. - FY2022Impairment losses for 2 consecutive years, with the amount decliningAnnual report
「In the fiscal year ended March 2022, as in the fiscal year ended March 2021, we recognized an impairment loss on the steel structures business, where profitability remained uncertain.」
Profitability concerns in the steel structures business continued, resulting in impairment losses for 2 consecutive years. However, the impairment loss for the current fiscal year was ¥134.647 million, down from ¥311.444 million in the previous fiscal year. - FY2021MaterialisedAnnual report
「For the fiscal year ended March 2021, although orders recovered, we assessed the recoverability of assets held in the steel structures business, where profitability remained uncertain, and recognized an impairment loss of ¥311.444 million.」
Against the backdrop of lower profitability in the steel structures business, we recognized an impairment loss of ¥311.444 million on land, machinery and equipment, and other assets.