三菱航空機's Negative Net Worth
First written in FY2018. 9 of 18 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2024.
Mitsubishi Heavy Industries moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 20 of 50 companies on the "Worse" side.
42 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「ＭＳＪ資産管理㈱ is a company in a state of excess liabilities, with excess liabilities of ¥640,640 million. The company resolved to dissolve on 31 March 2024 and plans to commence liquidation procedures.」
The excess liabilities of SpaceJet-related company MSJ資産管理 increased to ¥640,640 million, from the ¥576,424 million in excess liabilities of 三菱航空機 disclosed in the previous fiscal year. The resolution to dissolve and the planned liquidation were also disclosed. - FY2023WorsenedAnnual report
「三菱航空機㈱ is a company in a state of excess liabilities, with excess liabilities of ¥576,424 million.」
三菱航空機's excess liabilities increased to ¥576,424 million from ¥564,747 million in the previous fiscal year. - FY2022WorsenedAnnual report
「三菱航空機㈱ is a company in a state of excess liabilities, with excess liabilities of ¥564,747 million.」
三菱航空機's excess liabilities increased to ¥564,747 million from ¥555,948 million in the previous fiscal year. No material full-year impairment loss was recognized in relation to SpaceJet, but the excess-liabilities position continued and expanded. - FY2022-Q2No material impairment loss in the quarterAnnual report
「Although the situation in which future cash flows from this business could not be reliably estimated continued, no material impairment loss arose during the second-quarter consolidated cumulative period.」
For 三菱航空機 and SpaceJet-related operations, the inability to reliably estimate future cash flows continued, but no material impairment loss was incurred during the current second quarter cumulative period. - FY2022-Q1No material impairment loss in the quarterAnnual report
「Although the situation in which future cash flows from this business could not be reliably estimated continued, no material impairment loss arose during the first-quarter consolidated cumulative period.」
For 三菱航空機 and SpaceJet-related operations, the inability to reliably estimate future cash flows continued, but no material impairment loss was incurred during the current first quarter. - FY2021WorsenedAnnual report
「三菱航空機㈱ is a company in a state of excess liabilities, with excess liabilities of ¥555,948 million.」
三菱航空機's excess liabilities increased to ¥555,948 million from ¥464,658 million in the previous fiscal year. - FY2021-Q3MaterialisedAnnual report
「In October 2020, the Company announced that it would slow development activities for the SpaceJet in light of the instability in the commercial aircraft market caused by the global COVID-19 pandemic and other factors. As it remained difficult to forecast the scheduled delivery date of the first production SpaceJet aircraft at the end of the current third quarter, the Company continued the accounting treatment applied in the previous fiscal year and recognized an impairment loss of ¥71,815 million.」
In response to the slowdown in SpaceJet development activities and increased uncertainty over the delivery schedule, the Company recognized an impairment loss of ¥71,815 million during the current third quarter cumulative period. Of this amount, ¥38,625 million related to the impairment of goodwill allocated in connection with the acquisition of the CRJ business. - FY2021-Q2MaterialisedAnnual report
「The above impairment loss includes ¥40,131 million relating to goodwill recognized in connection with the acquisition of the CRJ business from Bombardier in Canada and allocated to the SpaceJet business, which was impaired during the first quarter cumulative period.」
The Company recognized an impairment loss of ¥40,131 million on goodwill related to the acquisition of the CRJ business and allocated to the SpaceJet business. - FY2021-Q1MaterialisedAnnual report
「During the current first quarter cumulative period, following the announcement in February 2020 that the scheduled delivery of the first production aircraft was expected to be postponed until fiscal 2021 or later, the Company continued the accounting treatment applied in the previous fiscal year, under which the assets were fully impaired, and recognized an impairment loss of ¥56,318 million. This impairment loss includes ¥39,831 million relating to goodwill recognized in connection with the acquisition of the CRJ business from Bombardier in Canada and allocated to the SpaceJet business, which was impaired during the current first quarter cumulative period.」
For the SpaceJet business, the Company recognized an impairment loss of ¥56,318 million, including ¥39,831 million of goodwill related to the acquisition of the CRJ business. - FY2020MaterialisedAnnual report
「三菱航空機㈱ is a company in a state of excess liabilities, with excess liabilities of ¥464,658 million.」
三菱航空機's excess liabilities increased to ¥464,658 million from ¥110,046 million in the previous disclosure. - FY2020-Q3MaterialisedAnnual report
「During the current third quarter cumulative period, the Company announced in February 2020 that the scheduled delivery of the first production aircraft was expected to be postponed until fiscal 2021 or later. As a result of deciding to impair the assets used in the business, including those recognized as assets by the end of the previous fiscal year, the Company recognized an impairment loss of ¥104,553 million.」
For the SpaceJet business, the Company recognized an impairment loss of ¥104,553 million during the current third quarter cumulative period and impaired the related business-use assets. - FY2020-Q2No impairment loss in the current quarterAnnual report
「As a result of testing the property, plant and equipment, intangible assets and right-of-use assets related to the SpaceJet business attributable to the Aviation, Defense & Space segment for impairment in accordance with IFRS, the Company recognized an impairment loss of ¥38,193 million in the previous second quarter cumulative period, but did not recognize an impairment loss in the current second quarter cumulative period.」
For the SpaceJet business, an impairment loss of ¥38,193 million was recognized in the same period of the previous year, whereas no impairment loss was recognized in the current second quarter cumulative period. - FY2020-Q1No impairment loss in the current quarterAnnual report
「As a result of testing the property, plant and equipment, intangible assets and right-of-use assets related to the SpaceJet business attributable to the Aviation, Defense & Space segment for impairment in accordance with IFRS, the Company recognized an impairment loss of ¥17,616 million in the previous first quarter cumulative period, but did not recognize an impairment loss in the current first quarter cumulative period.」
For the SpaceJet business, an impairment loss of ¥17,616 million was recognized in the same period of the previous year, whereas no impairment loss was recognized in the current first quarter. - FY2019MaterialisedAnnual report
「Following an impairment assessment under IFRS of the property, plant and equipment and intangible assets related to the MRJ business attributable to the Aviation, Defense and Space segment, the recoverable amount, calculated based on the discounted future cash flows expected from the assets, fell below the carrying amount of the business assets because the recovery period was prolonged. Accordingly, impairment losses of ¥427.067 billion, ¥102.237 billion and ¥68.044 billion were recognized at the transition date, in the previous consolidated fiscal year and in the current consolidated fiscal year, respectively, and the business assets were impaired.」
The company recognized ¥68.044 billion in impairment losses for the MRJ business in the current fiscal year and impaired the related business assets. - FY2019-Q3MaterialisedAnnual report
「Following an impairment assessment under IFRS of the property, plant and equipment and intangible assets related to the MRJ (Mitsubishi Regional Jet) business attributable to the Aviation, Defense and Space segment, the recoverable amount, calculated based on the discounted future cash flows expected from the assets, fell below the carrying amount of the business assets because the recovery period was prolonged. Accordingly, impairment losses of ¥427.067 billion, ¥78.041 billion, ¥102.237 billion and ¥63.737 billion were recognized at the transition date, in the cumulative third quarter of the previous consolidated fiscal year, in the previous consolidated fiscal year and in the cumulative third quarter of the current consolidated fiscal year, respectively, and the business assets were fully impaired.」
The company recognized ¥63.737 billion in impairment losses for the MRJ business in the cumulative third quarter of the current consolidated fiscal year and fully impaired the related business assets. - FY2019-Q2MaterialisedAnnual report
「Following an impairment assessment under IFRS of the property, plant and equipment and intangible assets related to the MRJ (Mitsubishi Regional Jet) business attributable to the Aviation, Defense and Space segment, the recoverable amount, calculated based on the discounted future cash flows expected from the assets, fell below the carrying amount of the business assets because the recovery period was prolonged. Accordingly, impairment losses of ¥427.067 billion, ¥48.408 billion, ¥102.237 billion and ¥39.053 billion were recognized at the transition date, in the cumulative second quarter of the previous consolidated fiscal year, in the previous consolidated fiscal year and in the cumulative second quarter of the current consolidated fiscal year, respectively, and the business assets were fully impaired.」
The company recognized ¥39.053 billion in impairment losses for the MRJ business in the cumulative second quarter of the current consolidated fiscal year and fully impaired the related business assets. - FY2019-Q1MaterialisedAnnual report
「Following an impairment assessment under IFRS of the property, plant and equipment and intangible assets related to the MRJ (Mitsubishi Regional Jet) business attributable to the Aviation, Defense and Space segment, the recoverable amount, calculated based on the discounted future cash flows expected from the assets, fell below the carrying amount of the business assets because the recovery period was prolonged. Accordingly, impairment losses of ¥427.067 billion, ¥22.853 billion, ¥102.237 billion and ¥18.046 billion were recognized at the transition date, in the cumulative first quarter of the previous consolidated fiscal year, in the previous consolidated fiscal year and in the cumulative first quarter of the current consolidated fiscal year, respectively, and the business assets were fully impaired.」
The company recognized an additional ¥18.046 billion in impairment losses for the MRJ business in the cumulative first quarter of the current fiscal year and fully impaired the related business assets. The financial impact associated with the insolvency risk of 三菱航空機 has been realized further. - FY2018First statedAnnual report
「三菱航空機㈱ is a company with negative net assets, amounting to ¥110.046 billion.」
The company disclosed ¥110.046 billion in negative net assets for 三菱航空機, which operates the MRJ business, in information on affiliated companies.