Impairment loss due to lower profitability in the power generation segment
First written in FY2024-Q3. 2 of 3 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2026.
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- FY2026MaterialisedAnnual report
「For idle assets of 明海発電㈱, a consolidated subsidiary of the Company, the Company revised its estimate of the costs of demolishing buildings and structures, recognized the resulting increase in asset retirement obligations, and recognized an impairment loss of ¥82 million on the buildings and structures recognized at the same time as an extraordinary loss.」
For idle assets of 明海発電㈱ after the discontinuation of the power generation business, the Company recognized asset retirement obligations arising from a change in the estimated demolition costs and an impairment loss of ¥82 million. - FY2025-H1Impact on results after discontinuation of the power generation businessAnnual report
「The Group manufactures and sells synthetic mica, operates civil engineering and construction businesses, leases real estate, and operates sports facilities, among other activities. Due in part to the discontinuation of the power generation business, revenue was ¥3,569 million, down 66.0% year on year, while operating income was ¥451 million, up 440.7% year on year.」
After the power generation business was discontinued, its impact emerged in the Other segment. While revenue declined, operating profit increased 440.7% year on year. - FY2024-Q3MaterialisedAnnual report
「Profit attributable to owners of the parent was ¥4,286 million, down 8.1% year on year, because the power generation segment recognized an impairment loss due to lower profitability.」
The decline in profitability in the power generation segment materialized, and the Company recognized an impairment loss of ¥2,443 million.