Risk of impairment of fixed assets due to deteriorating market conditions and business environment
First written in FY2017-Q3. 3 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 68 of 116 companies on the "Worse" side.
- FY2023WorsenedAnnual report
「Impairment loss Land 66,836 Construction in progress 52,741 Total 119,577」
The risk of impairment of fixed assets expanded from the recognition of ¥20,452 thousand in the Optical Products-related segment to an impairment loss of ¥119,577 thousand, mainly involving land and construction in progress at 不二電子工業. - FY2022MaterialisedAnnual report
「Impairment loss Optical Products-related 20,452 Total 20,452」
Regarding the risk of impairment of fixed assets arising from deteriorating market and business conditions, an impairment loss of ¥20,452 thousand was recognized in the Optical Products-related segment during the fiscal year. - FY2021RestatedAnnual report
「If market or business conditions deteriorate significantly, the market prices of assets held may decline and the business earning power generated by those assets may weaken. This could result in the recognition of impairment losses on fixed assets held by the Group, potentially affecting the Group's operating results and financial condition.」
The risk of impairment of fixed assets arising from deteriorating market and business conditions continues to be disclosed. - FY2020RestatedAnnual report
「If market or business conditions deteriorate significantly, the market prices of assets held may decline and the business earning power generated by those assets may weaken.」
The risk of impairment of fixed assets arising from deteriorating market and business conditions continues to be disclosed. - FY2017RestatedAnnual report
「If market or business conditions deteriorate significantly, the market prices of assets held may decline and the business earning power generated by those assets may weaken. This could result in the recognition of impairment losses on fixed assets held by the Group, potentially affecting the Group's operating results and financial condition.」
The risk of impairment of fixed assets arising from deteriorating market and business conditions continues to be disclosed. - FY2017-Q3First statedAnnual report
「If market or business conditions deteriorate significantly, the market prices of assets held may decline and the business earning power generated by those assets may weaken. This could result in the recognition of impairment losses on fixed assets held by the Group, potentially affecting the Group's operating results and financial condition.」
The potential decline in asset values and earning power and the resulting risk of impairment of fixed assets due to significant deterioration in market and business conditions were disclosed for the first time as a standalone business risk.