Impairment of machinery and equipment due to lower profitability at the Korean plant
First written in FY2019. 16 of 25 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-11-13.
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- 2026-11-13MitigatedResults
「当中間連結会計期間（自2026年４月１日 至2026年９月30日）該当事項はありません。」
当中間期の減損損失は計上されなかった。 - FY2026WorsenedAnnual report
「During the current consolidated fiscal year, the company recorded impairment losses on the following assets.」
Impairment losses increased sharply from ¥34.679 million in the previous fiscal year to ¥1,947.214 million. The Company recorded ¥1,818.472 million at GMB NORTH AMERICA INC. in the United States and ¥128.741 million at the Russian operation. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period, the Company recorded an impairment loss of ¥193.555 million due to declining profitability of the fixed assets of its consolidated subsidiary GMB NORTH AMERICA INC.」
The Company recorded an impairment loss of ¥193.555 million on the headquarters and warehouse of GMB NORTH AMERICA INC. due to declining profitability, and impairment losses at the U.S. operation continued. - FY2025MitigatedAnnual report
「During the current consolidated fiscal year, the company recorded impairment losses on the following assets.」
Impairment losses decreased from ¥169.871 million in the previous fiscal year to ¥34.679 million. Losses arose in Korea, the United States and Russia, but the total amount recognized declined. - FY2024-Q3WorsenedAnnual report
「For the above assets, the Company reduced the carrying amount to the recoverable amount and recorded the difference as an impairment loss under extraordinary losses, because the assets used by its consolidated subsidiaries GMB RUS AUTOMOTIVE LLC and GMB NORTH AMERICA INC. were no longer expected to recover the investment due to declining profitability.」
The Company recorded impairment losses of ¥137.897 million in the United States and ¥27.583 million in Russia, for a total of ¥165.481 million, and impairment losses due to declining profitability continued. - FY2024-Q2WorsenedAnnual report
「For the above assets, the Company reduced the carrying amount to the recoverable amount and recorded the difference as an impairment loss under extraordinary losses, because the assets used by its consolidated subsidiaries GMB RUS AUTOMOTIVE LLC and GMB NORTH AMERICA INC. were no longer expected to recover the investment due to declining profitability.」
During the six-month period, the Company recorded impairment losses of ¥134.324 million at its U.S. subsidiary and ¥28.897 million at its Russian subsidiary, for a total of ¥163.221 million. Impairment losses due to declining profitability continued to arise, and the number of affected operations increased. - FY2024-Q1WorsenedAnnual report
「During the three-month period of the current consolidated fiscal year, the Company recorded impairment losses on the following assets.」
The Company recorded an impairment loss of ¥4.904 million on assets at the headquarters of GMB NORTH AMERICA INC. because declining profitability made their recoverability no longer recognizable. - FY2023WorsenedAnnual report
「During the current consolidated fiscal year, the company recorded impairment losses on the following assets.」
The Company recorded impairment losses of ¥118.270 million at the Russian operation and ¥46.135 million at GMB NORTH AMERICA INC. in the United States, for a total of ¥164.406 million. The locations where impairment losses arose changed from the Australian operation in the previous fiscal year to the Russian and U.S. operations. - FY2023-Q3WorsenedAnnual report
「For the above assets, the Company reduced the carrying amount to the recoverable amount and recorded the difference as an impairment loss under extraordinary losses, because the assets used by the Company's consolidated subsidiary GMB NORTH AMERICA INC. were no longer expected to recover the investment due to declining profitability.」
The Company recorded an additional impairment loss of ¥44.942 million on buildings, structures, machinery and equipment, and other assets at the headquarters of its U.S. subsidiary, due to declining profitability. - FY2023-Q2Impairment losses recognized at the U.S. operationAnnual report
「For the above assets, the Company reduced the carrying amount to the recoverable amount and recorded the difference as an impairment loss under extraordinary losses, because the assets used by the Company's consolidated subsidiary GMB NORTH AMERICA INC. were no longer expected to recover the investment due to declining profitability.」
The Company recorded an impairment loss of ¥27.747 million on buildings, structures, machinery and equipment, and other assets at the headquarters of its U.S. subsidiary, due to declining profitability. - FY2022Reversal of impairment losses at the Chinese operation and recognition of impairment losses at the Australian operationAnnual report
「This was mainly attributable to the recording of ¥151 million as a reversal of impairment losses under extraordinary income, due to the recovery in performance at the Chinese operation. / The Company recorded an impairment loss of ¥45.292 million on assets used by GMB OCEANIA PTY.LTD., as the decline in profitability made recovery of the investment unlikely.」
The Chinese operation recorded ¥151 million in reversal gains on impairment losses as performance recovered, while the Australian operation newly incurred an impairment loss of ¥45.292 million due to declining profitability. - FY2022-Q3MitigatedAnnual report
「There were no applicable matters during the nine-month period of the current consolidated fiscal year.」
It was stated that there were no applicable matters during the nine-month period, concerning the impairment loss at the Chinese subsidiary recorded in the same period of the previous year. - FY2022-Q2MitigatedAnnual report
「There were no applicable matters during the six-month period of the current consolidated fiscal year.」
It was stated that there were no applicable matters during the six-month period, concerning the impairment loss at the Chinese subsidiary recorded in the same period of the previous year. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, the company recorded impairment losses on the following assets.」
Impairment losses totaled ¥81.603 million, comprising ¥10.408 million on machinery and equipment at the Chinese subsidiary and ¥71.194 million on structures and other assets of GMB NORTH AMERICA INC. in the United States. - FY2021-Q3Continued impairment at the Chinese operationsAnnual report
「During the nine-month period of the current consolidated fiscal year, the Company recorded impairment losses on the following assets.」
The Company recorded an additional impairment loss of ¥10.073 million on machinery and equipment at its Chinese subsidiary due to declining profitability. Impairment losses related to declining profitability at the Chinese operation have continued. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the company recorded impairment losses on the following assets.」
The company additionally recorded an impairment loss of ¥10,228 thousand on machinery and equipment at its Chinese subsidiary due to lower profitability. Impairment associated with lower profitability at the Chinese operations continued. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, the company recorded impairment losses on the following assets.」
The impairment loss totaled ¥227,604 thousand and also arose at GMB NORTH AMERICA INC. in the US, in addition to AG TECH CORP. in Korea and the Chinese subsidiary. The scope of the impairment expanded. - FY2020-Q3RestatedAnnual report
「As lower profitability made recovery of the investments unlikely, the company reduced to recoverable amounts the carrying amounts of assets used by its consolidated subsidiaries AG TECH CORP. and 吉明美汽配（南通）有限公司, and recorded the resulting impairment losses as extraordinary losses.」
The company continued to disclose impairment losses on assets of AG TECH CORP. in Korea and its Chinese subsidiary due to lower profitability. - FY2020-Q2WorsenedAnnual report
「As lower profitability made recovery of the investments unlikely, the company reduced to recoverable amounts the carrying amounts of assets used by its consolidated subsidiaries AG TECH CORP. and 吉明美汽配（南通）有限公司, and recorded the resulting impairment losses as extraordinary losses.」
The company recorded impairment losses of ¥54,863 thousand on buildings at AG TECH CORP. in Korea and ¥60,419 thousand on machinery and equipment at its Chinese subsidiary, totaling ¥115,282 thousand, due to lower profitability. The impairment extended beyond the existing Korean plants to the Chinese operations. - FY2019MaterialisedAnnual report
「The recoverable amount of the assets was reduced to their net selling value, and the resulting impairment loss was recorded as an extraordinary loss.」
The company recorded an impairment loss totaling ¥146,614 thousand on machinery and equipment at GMB KOREA CORP.'s First Plant, Seosan Plant and Second Plant, as lower profitability made recovery of the investments unlikely.