Declining profitability and impairment of fixed assets
First written in FY2017. 8 of 22 entries say "Worsened", first in FY2020. Latest entry: 2026-11-12.
The whole theme swung hardest in 2020: 70 of 120 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「The Group recorded impairment losses of ¥1,175 million during the consolidated fiscal year.」
Impairment losses on fixed assets increased from ¥172 million in the previous year to ¥1,175 million. The Group recorded ¥895 million related to industrial machinery, ¥250 million related to steel cord and ¥25 million related to steel cables and steel wire. - FY2026-H1WorsenedAnnual report
「In the Steel Cables and Steel Wire-related Business, Steel Cord-related Business and Development Products-related Business segments, the Group reduced the carrying amounts of idle assets no longer expected to be used in the future and asset groups expected to continue generating negative profit or loss from operating activities to their recoverable amounts, and recorded the reductions as impairment losses under extraordinary losses: ¥25 million for the Steel Cables and Steel Wire-related Business, ¥112 million for the Steel Cord-related Business and ¥4 million for the Development Products-related Business.」
The Group recorded total impairment losses of ¥142 million across 3 segments, increasing the impact of declining profitability and impairment of fixed assets from ¥7 million in the same period of the previous year. - FY2025MitigatedAnnual report
「During the consolidated fiscal year, the Group recorded impairment losses on the following assets.」
Impairment losses on fixed assets decreased from ¥1,848 million in the previous year to ¥172 million. The Group recorded ¥162 million related to steel cord and ¥10 million related to development products, reducing the impact of impairment. - FY2024WorsenedAnnual report
「The Group recorded impairment losses of ¥1,848 million during the consolidated fiscal year.」
Impairment losses on fixed assets increased substantially from ¥52 million in the previous year to ¥1,848 million. The steel cord-related business accounted for ¥1,829 million of the total. - FY2024-Q3MitigatedAnnual report
「Impairment losses 49 13」
Impairment losses decreased from ¥49 million in the same period of the previous year to ¥13 million, reducing the loss impact of declining profitability and impairment of fixed assets. - FY2023MitigatedAnnual report
「The Group recorded impairment losses of ¥52 million during the consolidated fiscal year.」
Impairment losses on fixed assets decreased from ¥1,456 million in the previous consolidated fiscal year to ¥52 million. Although an impairment indicator was identified in the steel cord-related business, undiscounted future cash flows exceeded the carrying amount, and no additional impairment loss was recognized. - FY2023-Q3MitigatedAnnual report
「Impairment losses 242 49」
Impairment losses decreased from ¥242 million in the year-to-date period of the previous year to ¥49 million, reducing the loss impact of declining profitability and impairment of fixed assets. - FY2023-Q2MitigatedAnnual report
「Impairment losses 42 22」
Impairment losses decreased from ¥42 million in the same period of the previous year to ¥22 million, reducing the loss impact of declining profitability and impairment of fixed assets. - FY2022WorsenedAnnual report
「The Group has pursued structural reforms in the asset groups of its steel cord-related business, including rationalization investments to improve productivity and various measures to improve profitability. However, operating costs, including energy, materials and transportation costs, remained high and were expected to remain so for an extended period due to the instability in the Russia-Ukraine situation that arose during the fourth quarter of the consolidated fiscal year. The Group therefore reassessed the recoverability of its operating assets, reduced their carrying amounts to recoverable amounts, and recorded the reductions as impairment losses under extraordinary losses.」
Impairment losses on fixed assets increased to ¥1,456 million in total, including ¥1,164 million related to steel cord and ¥259 million related to development products. - FY2022-Q3WorsenedAnnual report
「In the Steel Cables and Steel Wire-related Business and Development Products-related Business segments, the Group reduced the carrying amounts of idle assets no longer expected to be used in the future and asset groups expected to continue generating negative profit or loss from operating activities to their recoverable amounts, and recorded the reductions as impairment losses under extraordinary losses: ¥19 million for the Steel Cables and Steel Wire-related Business and ¥223 million for the Development Products-related Business.」
The Group recorded total impairment losses of ¥242 million on idle assets and assets expected to continue generating negative profit or loss. - FY2022-Q2MaterialisedAnnual report
「Impairment loss - 42」
The Group recorded a ¥42 million impairment loss in the 6-month period ended in the second quarter, indicating that declining profitability and impairment of fixed assets continued to materialize as an actual loss. - FY2022-Q1MaterialisedAnnual report
「Impairment losses － 9」
The Group recorded a ¥9 million impairment loss in the first quarter, indicating that declining profitability and impairment of fixed assets continued to materialize as an actual loss. - FY2021MitigatedAnnual report
「The Group recorded impairment losses of ¥274 million during the consolidated fiscal year.」
Impairment of fixed assets continued, but decreased from ¥1,801 million in the previous year to ¥274 million. - FY2021-Q3MaterialisedAnnual report
「Impairment losses 10 15」
The Group recorded impairment losses of ¥15 million in the 9-month period ended in the third quarter, indicating that declining profitability and impairment of fixed assets continued to materialize as actual losses. - FY2020WorsenedAnnual report
「The Group recorded impairment losses of ¥1,801 million during the consolidated fiscal year.」
Declining profitability and impairment of fixed assets resulted in a ¥1,801 million loss during the year. Delays in orders served as an impairment indicator for certain assets in the development products-related business. - FY2020-Q1MaterialisedAnnual report
「Extraordinary losses Impairment losses － 10」
The Group recorded a ¥10 million impairment loss in the first quarter, indicating that the risk of declining profitability and impairment of fixed assets had materialized as an actual loss. - FY2018MaterialisedAnnual report
「Because declining profitability due to changes in the business environment was identified in certain asset groups in the Group’s steel cable and steel wire business, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses.」
The Group recorded a ¥52 million impairment loss on certain assets related to the steel cable and steel wire business due to declining profitability during the year. - FY2017MaterialisedAnnual report
「Because declining profitability due to changes in the business environment was identified in certain asset groups in the Group’s real estate business, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses.」
The Group recorded impairment losses of ¥3,179 million related to real estate, ¥130 million related to steel cables and steel wire, and ¥3,310 million in total.