Uncertainty in Fixed Asset Impairment and Future Cash Flow Estimates
First written in FY2022. 3 of 8 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
Nichidai moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 16 of 42 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the current consolidated fiscal year, the company identified indications of impairment for certain asset groups in the Precision Parts and Filter businesses because the profits and losses generated by operating activities had remained negative. After comparing the total undiscounted future cash flows from certain asset groups in the Precision Parts business with their carrying amounts, the company reduced the carrying amounts to their recoverable amounts because the total undiscounted future cash flows were below the carrying amounts, and recognized an impairment loss of ¥235,912 thousand.」
The company identified indications of impairment in the Precision Parts business and other businesses and recognized an impairment loss of ¥235.912 million in the Precision Parts business. The amount increased significantly from ¥9.813 million in the previous fiscal year. - FY2025MaterialisedAnnual report
「During the current consolidated fiscal year, the company identified indications of impairment for certain asset groups in the Precision Parts and Filter businesses because the profits and losses generated by operating activities had remained negative. However, no impairment loss was recognized because the undiscounted future cash flows expected from those asset groups exceeded their carrying amounts. For idle assets, because they were no longer expected to be used in the business, the company reduced their carrying amounts to their recoverable amounts and recognized an impairment loss of ¥9,813 thousand.」
The company identified indications of impairment in part of the Precision Parts and Filter businesses and recognized an impairment loss of ¥9.813 million on idle assets in the Filter business in Lamphun Province, Thailand. The risk of impairment of property, plant and equipment has again been reflected in earnings. - FY2024-Q2MitigatedAnnual report
「Impairment loss 61,881 -」
No impairment loss was recognized for the cumulative second-quarter period, down from ¥61.881 million in the same period of the previous year. Impairment of property, plant and equipment was not reflected in earnings for the quarter. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, operating results in the Net Shape and Assembly businesses remained negative, primarily due to stagnation in automobile production and other factors. Accordingly, the company identified indications of impairment for the asset groups associated with these businesses and recognized an impairment loss of ¥268,418 thousand.」
Impairment of property, plant and equipment totaled ¥268.418 million, comprising ¥201.697 million in the Net Shape business and ¥66.72 million in the Thai Assembly business. Impairment losses continued to occur, but the amount decreased from ¥743.983 million in the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「Impairment loss 26,346 63,142」
The impairment loss for the nine months ended the third quarter was ¥63.142 million, up from ¥26.346 million in the same period of the previous year. The risk of impairment of property, plant and equipment continues to be reflected in earnings, which deteriorated year on year. - FY2023-Q2WorsenedAnnual report
「This resulted from deducting decreases in profit before income taxes for the quarter of ¥86 million, income tax payments of ¥81 million, a ¥45 million decrease in trade payables and a ¥43 million decrease from the difference arising from changes to insurance contracts from increases primarily consisting of ¥310 million in depreciation and amortization, ¥123 million in the provision for bonuses and ¥61 million in impairment losses.」
The company recognized an impairment loss of ¥61.881 million in the cumulative second-quarter period, up from ¥26.346 million in the same period of the previous year. The risk of impairment of property, plant and equipment continues to be reflected in earnings. - FY2023-Q1MaterialisedAnnual report
「Impairment loss - 12,069」
An impairment loss of ¥12.069 million was recognized as an extraordinary loss in the cumulative first-quarter period. The risk of impairment of property, plant and equipment has materialized in quarterly earnings. - FY2022First statedAnnual report
「During the current consolidated fiscal year, operating results in the Assembly business remained negative, primarily due to a decline in automobile production volumes and other factors. Accordingly, the company identified indications of impairment for the asset group associated with the business and recognized an impairment loss of ¥717,636 thousand.」
In response to continued operating losses in the Assembly business, the company identified indications of impairment and recognized an impairment loss of ¥717.636 million. It disclosed uncertainty in estimates of recoverability based on forecasts of future automobile production volumes and orders.