Impairment Losses Due to Declining Profitability of European Operations
First written in FY2017. 8 of 12 entries say "Worsened", first in FY2018. Latest entry: FY2026.
T.Rad moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Other".
- FY2026European operations remain profitable, but profit declined due to higher costsAnnual report
「Operating income decreased by ¥11 million year on year to ¥35 million due to higher costs.」
The European business secured operating income of ¥35 million, but income declined from the previous fiscal year due to higher costs. No impairment loss was recognized in the European segment in the current fiscal year, indicating a change from the previous fiscal year in the form in which losses arose. - FY2025WorsenedAnnual report
「Czech Republic T.RAD Czech s.r.o. Heat exchanger manufacturing and sales business Machinery and transportation equipment 81」
An impairment loss of ¥81 million was recognized in the Czech heat exchanger manufacturing and sales business due to declining profitability, with the profitability risk in the European business once again emerging as a loss. - FY2025-H1WorsenedAnnual report
「Operating profit decreased by ¥100 million year on year to an operating loss of ¥71 million, mainly due to lower sales, among other factors.」
The Europe segment turned from operating profit of ¥29 million in the same period of the previous year to an operating loss of ¥71 million, indicating deteriorating profitability due to lower sales, among other factors. - FY2023-Q3WorsenedAnnual report
「Operating profit decreased by ¥324 million year on year to an operating loss of ¥442 million, mainly due to soaring material and parts costs and electricity costs, among other factors.」
The Europe segment's operating loss widened from ¥117 million in the same period of the previous year to ¥442 million, due mainly to soaring material and parts costs and electricity costs. - FY2023-Q2WorsenedAnnual report
「Operating profit decreased by ¥257 million year on year to an operating loss of ¥229 million, mainly due to soaring material and parts costs, among other factors.」
The Europe segment turned from operating profit of ¥27 million in the same period of the previous year to an operating loss of ¥229 million, indicating deteriorating profitability due to soaring material and parts costs, among other factors. - FY2022MitigatedAnnual report
「Uhříněves, Czech Republic T.RAD Czech s.r.o. Heat exchanger manufacturing and sales business Machinery and transportation equipment 15」
The Czech operations recorded ¥15 million in impairment losses due to declining profitability, but the charge was lower than the large impairment burden recorded by European subsidiaries in the previous fiscal year. - FY2020MitigatedAnnual report
「Impairment losses decreased by ¥1,315 million due to a reduction in the amount recorded by European subsidiaries, contributing to higher profit.」
Impairment losses at European subsidiaries decreased from ¥1,226 million in the previous fiscal year to ¥101 million in the current fiscal year, reducing the impairment burden resulting from declining profitability in the European operations. - FY2019WorsenedAnnual report
「Uhříněves, Czech Republic T.RAD Czech s.r.o. Heat exchanger manufacturing and sales business Machinery and transportation equipment 1,226」
T.RAD Czech s.r.o. recorded ¥1,226 million in impairment losses due to declining profitability, a substantial increase from ¥28 million in the previous fiscal year. - FY2018WorsenedAnnual report
「In the heat exchanger manufacturing and sales business, the carrying amount of the above property, plant and equipment was reduced to its recoverable amount because the investment was no longer expected to be recoverable due to declining profitability, and the reduction was recorded as an impairment loss under extraordinary losses.」
In the European operations, T.RAD Czech s.r.o. recorded an additional ¥28 million in impairment losses, and impairment due to declining profitability continued. - FY2017MaterialisedAnnual report
「In the heat exchanger manufacturing and sales business, the carrying amount of the above property, plant and equipment was reduced to its recoverable amount because the investment was no longer expected to be recoverable due to declining profitability, and the reduction was recorded as an impairment loss under extraordinary losses.」
T.RAD Czech s.r.o. and TRM LLC recorded impairment losses of ¥335 million due to declining profitability.