Impairment Risk for Fixed Assets Driven by Market Conditions and Technological Innovation
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Although the assessment determined that total estimated undiscounted future cash flows for the business were below the carrying amounts of its tangible and intangible fixed assets, no impairment loss was recognized because the recoverable amount exceeded those carrying amounts.」
Although there were indications of impairment at the Kagoshima Plant, no impairment loss was recognized in FY2026 because the recoverable amount exceeded the carrying amount. The impairment risk itself remains. - FY2025MaterialisedAnnual report
「フェニテックセミコンダクター株式会社 recognized an impairment loss of ¥1,115.532 million on machinery and equipment at its Kagoshima Plant.」
Against a backdrop of prolonged weakness in market conditions and inventory adjustments, the Company recognized an impairment loss of ¥1,115 million on machinery and equipment at the Kagoshima Plant. - FY2024MaterialisedAnnual report
「Total capital investment in the semiconductor device business during the current consolidated fiscal year was ¥5,284.322 million. …This resulted in an impairment loss on part of the relevant equipment.」
In response to worsening demand conditions, the Company recognized an impairment loss of ¥1,705.379 million on equipment at Okayama Plant No. 2 and leased equipment in Taiwan, among other assets. - FY2021RestatedAnnual report
「If changes in market conditions, technological innovation or declines in market prices indicate that these assets are impaired, the Company may recognize an impairment loss on those assets.」
The Company has reaffirmed the risk of fixed-asset impairment due to changes in market conditions, technological innovation and other factors. - FY2020RestatedAnnual report
「If changes in market conditions, technological innovation or declines in market prices indicate that these assets are impaired,」
The Company has reaffirmed the risk of fixed-asset impairment due to changes in market conditions, technological innovation and other factors. - FY2018First statedAnnual report
「If changes in market conditions, technological innovation or declines in market prices indicate that these assets are impaired, the Company may recognize an impairment loss based on the amount by which the carrying amount of the assets exceeds their fair value.」
The Company has explicitly identified for the first time the possibility of recognizing impairment losses on tangible and intangible fixed assets used for R&D and manufacturing as a risk.