Impairment of Fixed Assets
First written in FY2020. 1 of 3 entries say "Materialised", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2017: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For these assets used in the business, impairment accounting may become necessary if business performance deteriorates and estimated future cash flows from the business fall substantially below their carrying amounts.」
It reconfirms the risk of impairment of fixed assets associated with weak business performance and lower future cash flows. It states that no impairment losses were applicable by reportable segment in the current fiscal year. - FY2022MaterialisedAnnual report
「As the land value of the idle assets at the Kawai Plant declined, the carrying amount was reduced to the recoverable amount, and the decrease of ¥1.103 million was recorded as an impairment loss under extraordinary losses.」
The risk of impairment of fixed assets materialised, and the Company recorded an impairment loss of ¥1.103 million on idle land at the Kawai Plant. - FY2020First statedAnnual report
「Depending on future business performance and declines in market value, the Company may become unable to generate the expected cash flows, making impairment accounting necessary.」
In the current fiscal year, the Company recorded an impairment loss of ¥31.292 million on idle land at the Kawai Plant.