Risk of impairment of fixed assets due to changes in the economic environment
First written in FY2022. 4 of 6 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 14 of 40 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The disclosure states that there were no significant changes in the accounting estimates or assumptions concerning the determination of impairment of fixed assets. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The disclosure states that there were no significant changes in the accounting estimates or assumptions concerning the risk of fixed-asset impairment due to changes in the economic environment. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The disclosure states that there were no significant changes in the accounting estimates or assumptions concerning the risk of fixed-asset impairment due to changes in the economic environment. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The disclosure states that there were no significant changes in the accounting estimates or assumptions concerning the risk of fixed-asset impairment due to changes in the economic environment. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, impairment indicators were identified for the tangible and intangible fixed assets of the asset group associated with the Toyota Plant in the Automotive Parts segment, with a carrying amount of ¥2,253.568 million. However, no impairment loss was recognised because the total undiscounted future cash flows expected from the asset group exceeded its carrying amount in determining whether an impairment loss should be recognised.」
With regard to the risk of fixed-asset impairment, impairment indicators were actually identified for the asset group at the Toyota Plant in the Automotive Parts segment. However, no impairment loss was recorded because undiscounted future cash flows exceeded the carrying amount. - FY2022First statedAnnual report
「The assumptions used in the estimates are determined based on management's best estimates and judgement. However, future uncertain economic information and changes in the operating environment may adversely affect the valuation of fixed assets. If such adverse effects lead to a revision of future business plans and changes in undiscounted future cash flows, they may have a material impact on the determination of whether an impairment loss must be recognised and on the measurement of any impairment loss required to be recognised in the consolidated financial statements for the following fiscal year.」
The disclosure newly states that changes in economic information and the operating environment may affect the determination and measurement of impairment losses in the valuation of fixed assets based on assumptions such as business plans and sales growth rates.