Impairment of machinery and equipment in the European business due to unrecoverable investment
First written in FY2018-Q1. 3 of 7 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2020.
1 other company's latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「Consolidated fiscal year under review (1 April 2019 to 31 March 2020): No applicable matters.」
The Company stated that there were no applicable matters for the fiscal year under review concerning the impairment loss recognized in the European business in the previous fiscal year. - FY2019-Q3MitigatedAnnual report
「3. Information on impairment losses on property, plant and equipment or goodwill and other items by reporting segment Not applicable.」
No material impairment loss on property, plant and equipment was disclosed for the cumulative third quarter of the fiscal year under review, including the European business. - FY2019-Q1MitigatedAnnual report
「Impairment loss 287 —」
Compared with the ¥287 million impairment loss recognized in the Europe segment in the same period of the previous year, no impairment loss was recognized in the current quarter. - FY2018WorsenedAnnual report
「Because TACHI-S Engineering Europe S.A.R.L., a consolidated subsidiary, had continued to incur operating losses, the carrying amount of operating assets whose recoverable amount was below their carrying amount was reduced to the recoverable amount because recovery of the investment was not expected. The resulting reduction of ¥264 million was recognized as an impairment loss under extraordinary losses.」
Against a backdrop of continued operating losses in the European business, the Company recognized an impairment loss of ¥264 million on machinery and equipment for which the investment could not be recovered. - FY2018-Q3RestatedAnnual report
「In the Europe segment, we recognized an impairment loss on machinery and equipment for which recovery of the investment is not expected. The impairment loss recognized for the cumulative third quarter of the fiscal year under review was ¥240 million.」
The Company states that it continued to recognize impairment losses on machinery and equipment in the Europe segment for which recovery of the investment is not expected. - FY2018-Q2WorsenedAnnual report
「In the Europe segment, we recognized an impairment loss on machinery and equipment for which recovery of the investment is not expected. The impairment loss recognized for the cumulative second quarter of the fiscal year under review was ¥297 million.」
The cumulative impairment loss recognized on machinery and equipment in the Europe segment for which recovery is not expected increased from ¥287 million in the first quarter to ¥297 million. - FY2018-Q1MaterialisedAnnual report
「In the Europe segment, we recognized an impairment loss on machinery and equipment for which recovery of the investment is not expected. The impairment loss recognized for the cumulative first quarter of the fiscal year under review was ¥287 million.」
The Company states that an impairment loss of ¥287 million was incurred on machinery and equipment in the Europe segment for which recovery of the investment is not expected.