Impairment of operating assets due to declining profitability at Taiho Corporation of America
First written in FY2020-Q1. 1 of 4 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2022-Q1.
The whole theme swung hardest in 2017: 4 of 9 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2022-Q1RestatedAnnual report
「2 Information on impairment losses on property, plant and equipment or goodwill, etc., by reporting segment Not applicable.」
For the first quarter of the current year, the company reports no new impairment of fixed assets, including the business-use assets of Taiho Corporation of America. - FY2021-Q2MitigatedAnnual report
「2 Information on impairment losses on property, plant and equipment or goodwill, etc., by reporting segment Not applicable.」
For the first six months of the current year, the company reports no new impairment of fixed assets, including the business-use assets of Taiho Corporation of America. - FY2020-Q3MaterialisedAnnual report
「In the first nine months of the previous fiscal year, the carrying amount of business-use assets held by consolidated subsidiary Taiho Corporation of America was reduced to the recoverable amount due to declining profitability and other factors, with the reduction recognized as an impairment loss under extraordinary losses.」
The filing states that, in the first nine months of the previous year, impairment losses of ¥441 million on machinery and equipment and ¥9 million on construction in progress and other assets, totaling ¥451 million, arose in connection with business-use assets in Ohio, US. No impairment loss was recognized in the first nine months of the current year. - FY2020-Q1First statedAnnual report
「In the previous consolidated fiscal year, the carrying amount of business-use assets held by consolidated subsidiary Taiho Corporation of America was reduced to the recoverable amount due to declining profitability and other factors, with the reduction recognized as an impairment loss under extraordinary losses.」
For business-use assets in Ohio, US, a ¥4 million impairment loss was recognized in the first quarter of the previous year due to declining profitability and other factors, and this is presented as comparative information. No impairment loss was recognized in the first quarter of the current year.