Impairment Losses Due to Future Cash Flows Falling Short of Plan
First written in FY2018. 7 of 19 entries say "Restated". Latest entry: FY2026.
Shirai Electronics Industrial moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 5 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「For the consolidated fiscal year (from 1 April 2025 to 31 March 2026), there were no applicable matters.」
There were no impairment losses by reporting segment in the current fiscal year, indicating an improvement from the previous fiscal year, when impairment losses were recognized. - FY2025MitigatedAnnual report
「For the consolidated fiscal year (from 1 April 2024 to 31 March 2025), there were no applicable items.」
While an impairment loss of ¥104 million was recognized in the previous fiscal year, no impairment loss was recognized in the current consolidated fiscal year. - FY2024WorsenedAnnual report
「During the fiscal year, impairment losses were recognized for the following asset groups.」
Impairment losses of ¥49 million on idle machinery in Zhuhai and ¥52 million on business-use assets in Shiga Prefecture and elsewhere, totaling ¥104 million, were recognized, increasing from ¥7 million in the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「Impairment losses 14 7」
Impairment losses decreased from ¥14 million in the cumulative period through the same quarter of the previous year to ¥7 million, but impairment losses continue to be recognized. - FY2022WorsenedAnnual report
「During the fiscal year, impairment losses were recognized for the following asset groups.」
An impairment loss of ¥15 million was recognized for idle assets, increasing from the ¥13 million recognized in the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「Impairment losses 3 14」
Impairment losses increased from ¥3 million in the cumulative period through the same quarter of the previous year to ¥14 million in the cumulative third-quarter period. - FY2022-Q2RestatedAnnual report
「Regarding the impact of COVID-19, our group assumes that demand will gradually recover and reflects this assumption in its accounting estimates for assessing the recoverability of deferred tax assets and applying impairment accounting to fixed assets. However, the impact of COVID-19 remains uncertain, and if it becomes more severe than anticipated, among other circumstances, it could affect future consolidated financial statements.」
The company estimates the recoverability of deferred tax assets and impairment of fixed assets on the assumption of a recovery in demand, but states that accounting impacts would remain if the effects of the infection became more severe than anticipated. - FY2021MaterialisedAnnual report
「An impairment loss was recognized for idle assets because a decision was made to sell them.」
An impairment loss of ¥13 million was recognized for idle assets in Kyoto Prefecture following the decision to sell them, and an impairment loss was also recognized in the current fiscal year. - FY2021-Q3WorsenedAnnual report
「Impairment losses 2 3」
Impairment losses increased from ¥2 million in the same period of the previous year to ¥3 million, and impairment related to failure to achieve projected future cash flows continues to be recognized. - FY2021-Q1WorsenedAnnual report
「Although this situation is assumed to have a temporary impact on performance for the fiscal year, and to gradually recover toward the end of the fiscal year as economic activity resumes, accounting estimates have been made for the impairment of fixed assets and the recoverability of deferred tax assets. However, this assumption is highly uncertain, and the results based on actual future performance may differ from these estimates and assumptions.」
The company estimates impairment of fixed assets and the recoverability of deferred tax assets on the assumption of a rapid deterioration in economic conditions due to COVID-19, but states that the assumption of an economic recovery is highly uncertain. - FY2020MaterialisedAnnual report
「Special losses increased by ¥166 million because impairment losses were recognized during the fiscal year due to the sluggish performance of the domestic business.」
Regarding the risk of impairment if future cash flows fall short, an impairment loss of ¥169 million was actually recognized for the full year against a backdrop of sluggish domestic operations. - FY2020-Q3MaterialisedAnnual report
「Impairment losses — 2」
Although the company had previously been described as having indications of impairment without recognizing an impairment loss, it recognized an impairment loss of ¥2 million during the cumulative third-quarter period. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of impairment losses due to failure to achieve projected future cash flows. - FY2020-Q1RestatedAnnual report
「During the cumulative period of the first quarter of the consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of impairment losses due to failure to achieve projected future cash flows. - FY2019RestatedAnnual report
「If future cash flows are not achieved as planned, impairment losses will be recognized.」
The company continues to disclose the risk of recognizing impairment losses if future cash flows for assets showing indications of impairment fall short of plan. - FY2019-Q3RestatedAnnual report
「During the nine months ended December 31, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of impairment losses due to failure to achieve projected future cash flows. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of impairment losses due to failure to achieve projected future cash flows. - FY2019-Q1RestatedAnnual report
「During the cumulative period of the first quarter of the consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of impairment losses due to failure to achieve projected future cash flows. - FY2018First statedAnnual report
「Our group currently has asset groups showing indications of impairment. However, we have determined that recognition of impairment losses is not necessary because the assets are recoverable through future cash flows. If future cash flows are not achieved as planned, impairment losses will be recognized.」
The company discloses the risk of recognizing impairment losses if future cash flows for asset groups showing indications of impairment fall short of plan.