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Nitchitsu (7021) · FactImpairment loss recognized again in the crystalline limestone division

Impairment loss recognized in the crystalline limestone division

First written in FY2017. 1 of 4 entries say "Reframed", first in FY2019. Latest entry: FY2021.

4entries
5years
0from disclosures
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ProgressHeldSoftenedWorseFirst statedFY2017 – FY2018ReframedFY20192017: 120172018: 120182019: 120192020: 020202021: 12021
Same theme, other companies
Impairment due to declining profitability in the crystalline limestone segmentA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2021Impairment loss recognized again in the crystalline limestone divisionAnnual report

    「During the consolidated fiscal year, the company reduced the carrying amount of business-use assets to their recoverable amount due to declining profitability and recognized the resulting reduction of ¥122,036 thousand as an impairment loss under extraordinary losses.」

    The company recognized an impairment loss of ¥122,036 thousand on business-use assets in the crystalline limestone division due to declining profitability.
  2. FY2019ReframedAnnual report

    「The company will recognize a total impairment loss of ¥71 million relating to the heat-resistant coatings division of its materials-related business as an extraordinary loss.」

    The subject of impairment recognition changed from the crystalline limestone division in the previous period to the heat-resistant coatings division of the materials-related business in the current period.
  3. FY2018Continued recognition of impairment lossesAnnual report

    「During the consolidated fiscal year, the company reduced the carrying amount of business-use assets to their recoverable amount due to declining profitability and recognized the resulting reduction of ¥175,479 thousand as an impairment loss under extraordinary losses.」

    The company recognized an impairment loss of ¥175,479 thousand on business-use assets, including those of the crystalline limestone division, for the second consecutive year.
  4. FY2017First statedAnnual report

    「The company recognized an impairment loss of ¥183 million relating to the crystalline limestone division of its resources-related business as an extraordinary loss.」

    The company recognized an impairment loss of ¥183 million due to declining profitability in the crystalline limestone division.
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