Materialization of Impairment Risk for Fixed Assets and Acquisition-Related Assets
First written in FY2017. 5 of 9 entries say "Materialised", first in FY2017. Latest entry: FY2025.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2025Impairment indicators continuing; no impairment recognized for the current periodAnnual report
「Since mass production of its products began, the company has experienced frequent production defects in certain products. As operating income has been negative owing to higher inspection costs to prevent defective products from reaching customers and air-freight costs incurred to meet delivery deadlines, indicators of impairment have been identified, and the company is assessing whether impairment losses should be recognized and measuring them.」
At DM Casting Technology (Thailand), impairment indicators have continued owing to negative operating income, but the company has not stated that an impairment loss was recognized in the current fiscal year. - FY2023-Q3RestatedAnnual report
「As a result of recognizing impairment losses of ¥1,957 million on the fixed assets of DM Casting Technology (Thailand) Co., Ltd. in the second quarter, among other factors, the quarterly net loss attributable to owners of the parent was ¥2,375 million, compared with quarterly net income attributable to owners of the parent of ¥1,941 million in the same quarter of the previous year.」
The ¥1,957 million impairment loss on the fixed assets of DM Casting Technology (Thailand) recognized in the second quarter continued to be cited as a factor behind the cumulative 3rd-quarter net loss attributable to owners of the parent of ¥2,375 million. - FY2023-Q2MaterialisedAnnual report
「As a result of recognizing impairment losses of ¥1,963 million on the fixed assets of DM Casting Technology (Thailand) Co., Ltd., a consolidated subsidiary, among other factors, the quarterly net loss attributable to owners of the parent was ¥2,475 million, compared with quarterly net income attributable to owners of the parent of ¥1,188 million in the same quarter of the previous year.」
An impairment loss of ¥1,963 million was actually recognized on the fixed assets of DM Casting Technology (Thailand), demonstrating the emergence of impairment risk for fixed assets and acquired assets. - FY2021MitigatedAnnual report
「For the consolidated fiscal year (from 1 April 2020 to 31 March 2021), there were no applicable matters.」
The company stated that no impairment loss was applicable in the current fiscal year for the fixed assets on which impairment losses of ¥2,051 million had been recognized in the previous fiscal year. - FY2020Recognition of ¥2,051 million in impairment losses on fixed assetsAnnual report
「During the consolidated fiscal year, the company recognized impairment losses of ¥2,051 million and reversed ¥100 million of deferred tax assets.」
An impairment loss of ¥2,051 million was recognized on the land and buildings at the manufacturing plant site for automotive engine bearings. - FY2018MaterialisedAnnual report
「Although impairment losses on fixed assets of Daido Industrial Bearings Europe LTD., a consolidated subsidiary, and other items were recognized, net income attributable to owners of the parent increased 24.5% year on year to ¥3,281 million.」
An impairment loss of ¥141.465 million was actually recognized on the fixed assets of Daido Industrial Bearings Europe LTD. in the current fiscal year as well. - FY2018-Q3MaterialisedAnnual report
「Net income attributable to owners of the parent decreased 7.5% year on year to ¥2,292 million, owing to the recognition of impairment losses on a subsidiary’s fixed assets and the absence of subsidies recognized in the same quarter of the previous year, among other factors.」
The impairment loss on a subsidiary’s fixed assets continued to be recognized as an actual factor behind the decrease in net income for the cumulative 3rd quarter. The impairment loss recorded on the income statement was ¥140.925 million. - FY2018-Q2MaterialisedAnnual report
「In the non-automotive bearings business, the carrying amounts of certain machinery and equipment and vehicles were reduced to their recoverable amounts, and the resulting reduction of ¥135.717 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss on fixed assets of ¥135.717 million was actually recognized for machinery and equipment and vehicles in the non-automotive bearings business. - FY2017MaterialisedAnnual report
「Net income attributable to owners of the parent decreased 32.8% year on year to ¥2,635 million, owing to the recognition of impairment losses on fixed assets, including land held by NDC Co., Ltd., a consolidated subsidiary, and manufacturing equipment held by Daido Industrial Bearings Europe LTD.」
Impairment losses of ¥2,449 million were actually recognized on NDC’s land and the manufacturing equipment and other assets of the European subsidiary.