Ubiteq (6662) · RiskIncrease in orders confirmed
D-COLLECT Operating Assets: Deteriorating Profitability and Impairment
First written in FY2020. . Latest entry: FY2021-Q3.
2entries
2years
0from disclosures
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Impairment of D-COLLECT Business AssetsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2021-Q3Increase in orders confirmedAnnual report
「Orders for Work Mate and D-COLLECT have been steadily increasing, partly as a result of active public-relations and promotional activities.」
A steady increase in the number of orders for D-COLLECT was disclosed. However, no disclosure was made regarding a return to operating profitability or the reversal of impairment losses from prior fiscal years. - FY2020First statedAnnual report
「During the fiscal year, the carrying amount of the business assets owned for D-COLLECT, classified in the IoT business segment, was reduced to the recoverable amount because operating losses from D-COLLECT, a real-time factory equipment monitoring system, were expected to continue. The resulting reduction of ¥7.626 million was recorded as an impairment loss under extraordinary losses.」
Because operating losses from D-COLLECT were expected to continue, the recoverable amount was set at zero and an impairment loss of ¥7.626 million was recorded.