Risk of Prolonged Retention and Declining Asset Value of Third-Party Maintenance Parts
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Because maintenance parts have long inventory turnover periods and, as used parts, limited circulation, they may be difficult to sell to third parties, making periodic disposal and revaluation of their asset value necessary.」
The Group continues to face the risks of prolonged holding periods for third-party maintenance parts, difficulty in selling them, and disposal or revaluation of their asset value. - FY2024RestatedAnnual report
「Products of 株式会社フィールドワン are valued using a write-down to book value based on declining profitability. To reflect the decline in profitability, their carrying amounts are being written down in accordance with the company’s internal valuation rules.」
For third-party maintenance parts, products totaling ¥340.052 million, including ¥329.078 million of フィールドワン products, were recorded, and write-downs to book value reflecting declining profitability continue. - FY2023RestatedAnnual report
「Products of 株式会社フィールドワン are valued using a write-down to book value based on declining profitability. To reflect the decline in profitability, their carrying amounts are being written down in accordance with the company’s internal valuation rules.」
The company continues to disclose the risks of prolonged holding periods, difficulty in selling and reassessment of asset values for third-party maintenance parts, together with フィールドワン’s product valuation policy. - FY2022First statedAnnual report
「However, due to the nature of maintenance parts, their turnover period is long. In addition, because they are used parts with limited market circulation and are difficult to sell to third parties, periodic disposal and reassessment of their asset values may be necessary.」
In connection with フィールドワン’s third-party maintenance business, the company disclosed new risks involving prolonged holding periods for maintenance parts, difficulty in selling them, and the possibility of disposal and reassessment.