Nikko (6306) · RiskMaterialised

Declining Profitability of the Soil and Agricultural Tools Business and Impairment

First written in FY2017. 1 of 1 entries say "Materialised", first in FY2017. Latest entry: FY2017.

1entries

1years

0from disclosures

How it moved

Same theme, other companies

Impairment risk for real estate and fixed assets due to land prices, profitability, and deteriorating market conditionsA theme 405 companies write about · 420 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.

Showing 14 of the 189 companies compared. The sentences above are computed from all 189.Comparing 200 of the theme's 420 threads.

Full recordFilings, disclosures and news, newest first

FY2017MaterialisedAnnual report
「During the fiscal year, the company reduced the carrying amounts of asset groups whose recoverability was no longer expected due to declining profitability in the soil and agricultural tools business, as well as employee welfare facilities for which a decision to sell had been made, to their recoverable amounts, and recognized the reductions as impairment losses under extraordinary losses. The breakdown was ¥8 million for buildings, ¥82 million for machinery, equipment and vehicles, ¥8 million for tools, fixtures and equipment, and ¥2 million for land.」
Declining profitability in the soil and agricultural tools business made recovery of the investment unlikely, resulting in an impairment loss of ¥90 million.

Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next

No upcoming earnings preview for Nikko yet.

News

No news is linked to this thread yet. When an article touches it, it will appear here by date.