Risks related to impairment of fixed assets and recoverability of deferred tax assets
First written in FY2020. 7 of 17 entries say "Materialised", first in FY2023. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, the undiscounted future cash flows for the asset groups and shared assets related to the automotive sintering businesses at our Shiga and Yamashina plants, as well as the asset group at AFS, were judged to be below their carrying amounts. Their carrying amounts were reduced to their recoverable amounts or fair value, and an impairment loss of ¥2,032.388 million was recognized.」
In addition to domestic plants, an impairment loss was recognized at AFS in connection with the fixed-asset impairment risk, totaling ¥2,032.388 million. The company also disclosed impairment losses of ¥158.921 million on idle assets and software under development, and a ¥401.628 million write-down of deferred tax assets. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year, the undiscounted future cash flows for the asset groups and shared assets of the Shiga and Yamashina plants were judged to be below their carrying amounts. Their carrying amounts were therefore reduced to their recoverable amounts, and the resulting reduction of ¥756.567 million was recognized as an impairment loss.」
Following FINE SINTER Sanshin in the previous fiscal year, an impairment loss of ¥756.567 million was recognized for the Shiga Plant, Yamashina Plant, and shared assets. In addition, ¥101.318 million was recognized as an impairment loss on construction in progress that was no longer expected to be used. - FY2025-H1MaterialisedAnnual report
「During the interim consolidated accounting period, in connection with the domestic site reorganization disclosed on 26 September 2024 as part of efforts to improve productivity and asset efficiency, fixed assets related to the automotive sintering business at the Yamashina Plant, which was subject to the reorganization, were included in the asset group of the Shiga Plant, the principal receiving site. After examining the undiscounted future cash flows, the company judged them to be below the carrying amount, reduced the carrying amount to the recoverable amount, and recognized the resulting reduction as an impairment loss.」
In connection with the domestic site reorganization, impairment losses totaling ¥633.97 million were recognized for assets at the Shiga Plant, Yamashina Plant, and head office. The company progressed from identifying impairment indicators through the previous fiscal year to actually recognizing impairment losses. - FY2024MaterialisedAnnual report
「As a result, the recoverable amount of the asset group of FINE SINTER Sanshin Co., Ltd. was judged to be below its carrying amount. The carrying amount was therefore reduced to the recoverable amount, and the resulting reduction of ¥852.767 million was recognized as an impairment loss.」
Following the Shiga Plant and other assets in the previous fiscal year, the recoverable amount of the asset group of FINE SINTER Sanshin fell below its carrying amount, and an impairment loss of ¥852.767 million was recognized. - FY2023MaterialisedAnnual report
「As a result, the undiscounted future cash flows for the asset group and shared assets of our Shiga Plant were judged to be below their carrying amounts. Their carrying amounts were therefore reduced to their recoverable amounts, and the resulting reduction of ¥2,202.508 million was recognized as an impairment loss.」
While the company had previously only identified impairment indicators, it recognized an impairment loss of ¥2,202.50 million for the asset group and shared assets of the Shiga Plant. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」
The company states that there were no significant changes from the previous year's securities report in the assumptions concerning the timing of the containment of COVID-19 and other matters, or in the accounting estimates. - FY2022Impairment indicators identified at an automotive sintering plantAnnual report
「During the consolidated fiscal year, operating losses were recorded at certain plants in the automotive sintering business of FINE SINTER CO.,LTD., and impairment indicators were identified for an asset group of ¥6,580.481 million at those plants. The total undiscounted future cash flows and recoverable amount were therefore estimated. As either the total undiscounted future cash flows or the recoverable amount was judged to exceed the carrying amount, no impairment loss was recognized.」
Impairment indicators were identified for an asset group of ¥6,580 million in certain plants in the automotive sintering business, but the recoverable amount and other measures were judged to exceed the carrying amount, so no impairment loss was recognized. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」
The company continues to state that there were no significant changes from the previous year's securities report in the assumptions concerning the timing of the containment of COVID-19 and other matters, or in the accounting estimates. - FY2021Assessment of impairment indicators for Indonesian assetsAnnual report
「ファインシンターインドネシア㈱ reported an operating loss, and because impairment indicators were identified for its asset group of ¥1,478.015 million, the recoverable amount was estimated. As the recoverable amount was judged to exceed the carrying amount, no impairment loss was recognized.」
Impairment indicators were identified and assessed for the Indonesian subsidiary's asset group of ¥1,478.015 million, but the recoverable amount was judged to exceed the carrying amount, so no impairment loss was recognized. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」
The company continues to state that there have been no significant changes from the previous year in the assumptions concerning the timing of the containment of COVID-19 and other matters, or in the accounting estimates. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」
The company states that there were no significant changes from the previous year's securities report in the assumptions concerning the timing of the containment of COVID-19 and other matters, or in the accounting estimates. - FY2020First statedAnnual report
「If this recoverable amount declines in the future, an impairment loss may arise and affect profit.」
For the first time, the company explicitly identified as a significant accounting estimate the risk that estimates of future cash flows used in testing fixed assets for impairment and the recoverability of deferred tax assets may affect future profit. The impact of COVID-19 was reflected in the assumptions.