Fixed-Asset Impairment Risk and Impairment Losses on Idle Assets
First written in FY2018. 12 of 19 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「The Company recorded ¥70.449 million in expenses and losses arising from business structure improvements at the Company and its consolidated Vietnamese subsidiary as business structure improvement expenses under extraordinary losses. These comprised an impairment loss of ¥29.626 million, a ¥31.644 million write-down of inventories and a retirement allowance of ¥9.179 million.」
The risk of impairment of fixed assets actually materialized as impairment losses of ¥19.863 million on our manufacturing equipment and ¥9.763 million on the Vietnamese subsidiary's manufacturing equipment, for a total of ¥29.626 million. - 2026-06-04MaterialisedGeneral Meetings of Shareholders
「The Company recorded ¥70.449 million in expenses and losses arising from business structure improvements at the Company and its consolidated Vietnamese subsidiary as business structure improvement expenses under extraordinary losses. These comprised an impairment loss of ¥29.626 million, a ¥31.644 million write-down of inventories and a retirement allowance of ¥9.179 million.」
Impairment losses were recorded on manufacturing equipment at both the Vietnamese subsidiary and the Company. - FY2026-H1MaterialisedAnnual report
「This consisted of special retirement allowances of ¥6.859 million associated with workforce optimization following a review of the business activities of the consolidated Vietnamese subsidiary YAMAZAKI TECHNICAL VIETNAM CO.,LTD., and an impairment loss of ¥9.091 million on manufacturing equipment.」
An impairment loss of ¥9.091 million was actually recorded on manufacturing equipment at the consolidated Vietnamese subsidiary. The risk of impairment of fixed assets materialized as an impairment loss on manufacturing equipment. - FY2024-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to the risk of impairment of fixed assets. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, at YAMAZAKI CO.,LTD., the machine tool business recorded an operating loss and profit or loss from operating activities became persistently negative. Accordingly, it was determined that the asset groups related to the machine tool business and common-use assets showed indications of impairment, and an assessment was conducted to determine whether impairment losses needed to be recognized. As a result, for both the ¥986.718 million in tangible and intangible fixed assets related to YAMAZAKI CO.,LTD.'s machine tool business and the ¥1,205.499 million in tangible and intangible fixed assets comprising the head office and plants as a single unit, excluding idle assets, undiscounted future cash flows, including each asset group's net selling price, exceeded the carrying amount, and no impairment loss was recorded.」
An assessment of impairment indicators was conducted due to persistent operating losses in the machine tool business, but no impairment loss was recorded because future cash flows and other factors exceeded the carrying amount. Compared with the previous fiscal year, the assets subject to the impairment assessment were narrowed to the machine tool business and common-use assets. - FY2023-Q3RestatedAnnual report
「During the third quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to the risk of impairment of fixed assets. - FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no material changes in the occurrence of major risks among the matters concerning the business and accounting conditions described in the quarterly report that management recognized as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was stated that there were no material changes to the risk of impairment of fixed assets. - FY2023-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no material changes in unusual fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was stated that there were no material changes to the risk of impairment of fixed assets. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, at YAMAZAKI CO.,LTD., both the machine tool business and the transportation equipment business recorded operating losses, and profit or loss from operating activities or cash flows became persistently negative. Accordingly, it was determined that the asset groups related to both businesses and common-use assets showed indications of impairment, and an assessment was conducted to determine whether impairment losses needed to be recognized.」
Indications of impairment were identified due to persistent negative operating losses and operating cash flows in both businesses, and an impairment assessment was conducted. However, no impairment loss was recorded because future cash flows exceeded the carrying amounts. - FY2022-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to the treatment of the risk of impairment of fixed assets. - FY2021MitigatedAnnual report
「During the current consolidated fiscal year, all asset groups included in the machine tool business and transportation equipment business of our group recorded operating losses. However, because neither business was in a situation in which profit or loss from operating activities or cash flows would remain negative, including based on current earnings forecasts, it was determined that none of the assets or asset groups showed indications of impairment.」
Although both businesses recorded operating losses, it was determined that there were no indications of impairment because operating profit or loss and cash flows were not expected to remain negative. - FY2021-Q3RestatedAnnual report
「During the third quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to the business and other risks, and the treatment of the risk of impairment of fixed assets was maintained. - FY2021-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was explicitly stated that there were no material changes to the business and other risks, and the treatment of the risk of impairment of fixed assets was maintained. - FY2020RestatedAnnual report
「If impairment becomes necessary for fixed assets held by our group due to a decline in asset values or other factors, this may affect the financial position, operating results and cash flows of our group.」
The risk of impairment of fixed assets continued to be disclosed. No impairment loss on fixed assets was recorded during the current consolidated fiscal year. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no material changes in unusual fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was explicitly stated that there were no material changes to the business and other risks, and the treatment of the risk of impairment of fixed assets was maintained. - FY2020-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no material changes in unusual fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was explicitly stated that there were no material changes to the business and other risks, and the treatment of the risk of impairment of fixed assets was maintained. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no material changes in the financial position, operating results, or cash flow situation, including any abnormal fluctuations, or in the business and other risks described in the annual securities report for the previous fiscal year. There were also no material events or other matters of concern.」
It was explicitly stated that there were no material changes to the business and other risks disclosed in the previous fiscal year, and the treatment of the risk of impairment of fixed assets was maintained. - FY2019RestatedAnnual report
「If impairment becomes necessary for fixed assets held by our group due to a decline in asset values or other factors, this may affect the financial position, operating results and other aspects of our group.」
The risk of impairment of fixed assets continued to be disclosed. It was stated that there were no impairment losses for the current consolidated fiscal year. - FY2018MaterialisedAnnual report
「If impairment becomes necessary for fixed assets held by our group due to a decline in asset values or other factors, this may affect the financial position, operating results and other aspects of our group. During the current consolidated fiscal year, the carrying amount of idle assets whose fair value had declined was reduced to their recoverable amount, and the resulting decrease of ¥15.960 million was recorded as an impairment loss under extraordinary losses.」
The risk of impairment of fixed assets was disclosed, and an impairment loss of ¥15.960 million was actually recorded on idle assets in Hamamatsu City.