Impairment of Fixed Assets at Chinese Affiliates and Losses on Equity-Method Investments
First written in FY2017. 5 of 9 entries say "Mitigated", first in FY2018. Latest entry: FY2021-Q3.
The whole theme swung hardest in 2019: 3 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2021-Q3MitigatedAnnual report
「Equity-method investment loss 167 30」
The equity-method investment loss decreased from ¥167 million in the same quarter of the previous year to ¥30 million. - FY2021-Q1WorsenedAnnual report
「Equity-method investment loss － 97」
The company changed from recognizing equity-method investment income in the same quarter of the previous year to recognizing an equity-method investment loss of ¥97 million in the first quarter of the current fiscal year. - FY2020WorsenedAnnual report
「Equity-method investment loss － 196」
The company recognized an equity-method investment loss of ¥196 million in the current fiscal year. The significant affiliate also recorded a pretax net loss of ¥398 million, indicating worsening performance and investment-loss risk at the affiliate. - FY2020-Q3WorsenedAnnual report
「経緯津田駒紡織機械（咸陽）有限公司, an equity-method affiliate of the company, resolved at a board meeting held on 30 September 2020 to dissolve the company.」
A resolution was passed to dissolve and liquidate the Chinese affiliate, and the equity-method investment loss of ¥167 million for the cumulative third quarter of the current fiscal year includes an amount recognized in connection with the dissolution resolution. - FY2020-Q1MitigatedAnnual report
「Equity-method investment income 13 54」
Equity-method investment income increased from ¥13 million in the same quarter of the previous year to ¥54 million in the first quarter of the current fiscal year. - FY2019MitigatedAnnual report
「The company's significant affiliate is 経緯津田駒紡織機械（咸陽）有限公司, and its summarized financial information is as follows. Profit or loss before income taxes: loss of ¥182 million and profit of ¥8 million」
The Chinese affiliate improved from a pretax loss of ¥182 million in the previous fiscal year to a pretax profit of ¥8 million in the current fiscal year. - FY2019-Q1MitigatedAnnual report
「Equity-method investment income － 13」
Compared with an equity-method investment loss of ¥17 million in the same quarter of the previous year, the company recognized equity-method investment income of ¥13 million in the first quarter of the current fiscal year. - FY2018MitigatedAnnual report
「Equity-method investment loss 297 89」
The equity-method investment loss decreased from ¥297 million in the previous fiscal year to ¥89 million. The affiliate nevertheless recorded a net loss of ¥182 million for the current fiscal year. - FY2017MaterialisedAnnual report
「The company recognized ¥297 million in losses, including an impairment loss on fixed assets at its Chinese affiliate (経緯津田駒紡織機械（咸陽）有限公司), as a non-operating expense (equity-method investment loss). As a result, ordinary profit was ¥356 million, down 39.0% year on year, and net income attributable to owners of the parent was ¥183 million, down 58.1%.」
An equity-method investment loss of ¥297 million, including an impairment loss on fixed assets at a Chinese affiliate, was incurred and reduced ordinary profit and net income.