Declining Profitability of Chinese Subsidiaries’ Business Assets and Impairment
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Kyowa Machinery (Shandong) Co., Ltd., which was a consolidated subsidiary during the consolidated fiscal year, was excluded from the scope of consolidation because its liquidation was completed.」
The completion of the liquidation of the Chinese subsidiary has reduced the continuing exposure to declining profitability and impairment of its business-use assets. - FY2021RestatedAnnual report
「Information on impairment losses on fixed assets by reporting segment: Not applicable.」
No impairment losses on fixed assets by reporting segment were applicable in the consolidated fiscal year, and no new impairment of business-use assets at the Chinese subsidiary was reported. - FY2020RestatedAnnual report
「Information on impairment losses on fixed assets by reporting segment: Not applicable.」
No impairment losses on fixed assets by segment were applicable in the consolidated fiscal year, and no new impairment of business-use assets at the Chinese subsidiary was reported. - FY2019RestatedAnnual report
「Information on impairment losses on fixed assets by reporting segment: Not applicable.」
No impairment losses on fixed assets by segment were applicable in the consolidated fiscal year, and no new impairment of business-use assets at the Chinese subsidiary was reported. - FY2018RestatedAnnual report
「Information on impairment losses on fixed assets by reporting segment: Not applicable.」
No impairment losses on fixed assets by segment were applicable in the consolidated fiscal year, and no new impairment of business-use assets at the Chinese subsidiary was reported. - FY2017MitigatedAnnual report
「China recovered sharply, supported by public investment, including government-backed fixed-asset investment and infrastructure investment. Information on impairment losses on fixed assets by reporting segment: Not applicable.」
The report states that demand in China recovered and that there were no impairment losses on fixed assets by segment during the consolidated fiscal year. It does not state that a new impairment of business-use assets at the Chinese subsidiary occurred during the fiscal year. - FY2016First statedAnnual report
「Due to weak construction equipment demand in China, the profitability of the following business-use assets of a subsidiary declined. Accordingly, their carrying amount was reduced to the recoverable amount, and the reduction of ¥1,169 million was recognized as an impairment loss under extraordinary losses.」
The Company disclosed that it recognized an impairment loss of ¥1,169 million on the business-use assets of a Chinese subsidiary in the previous consolidated fiscal year.