Deteriorating Profitability of Contract Processing Business Assets and Recognition of an Impairment Loss
First written in FY2016. 3 of 4 entries say "Materialised", first in FY2016. Latest entry: FY2017.
Npc moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 14 of 21 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2017MaterialisedAnnual report
「The Group has recorded impairment losses on the following asset groups. The sale was completed during the current consolidated fiscal year.」
The Company recorded ¥201.911 million in impairment losses on the land, buildings and other assets of the Matsuyama No. 2 Plant in connection with the resolution to sell them, and completed the sale during the year. - FY2017-Q3RestatedAnnual report
「Meanwhile, because impairment losses associated with the decision to sell the land, buildings and other assets of the Matsuyama No. 2 Plant were recorded as extraordinary losses for the cumulative second quarter, profit attributable to owners of the parent was ¥446 million, compared with a loss attributable to owners of the parent of ¥409 million in the same period of the previous year.」
The Company continues to describe the recording of ¥201.911 million in impairment losses associated with the decision to sell the Matsuyama No. 2 Plant as an event that occurred in the second quarter. - FY2017-Q2MaterialisedAnnual report
「In the equipment-related business, because the Company resolved to sell the land, buildings and other assets of the Matsuyama No. 2 Plant and a loss was expected to arise upon delivery, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss. The impairment loss recorded for the cumulative second quarter of the current consolidated fiscal year was ¥201.911 million.」
The expected loss associated with the resolution to sell fixed assets materialized as a reduction in carrying value and an impairment loss, with ¥201.911 million recorded. - FY2016MaterialisedAnnual report
「Meanwhile, in the contract processing business, costs incurred during production preparation were recorded as costs, putting pressure on profit. In addition, impairment losses were recorded on equipment that did not proceed to production, resulting in extraordinary losses.」
Due to the contract processing business not having commenced production, impairment losses of ¥317 million were recorded on buildings, machinery and equipment, leased assets and other assets.