Impairment risk associated with continued losses at Murotech Ohio
First written in FY2022. 5 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 7 of 14 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Murotech Ohio Corporation accounts for more than 10% of consolidated net sales, excluding intercompany sales. Key income information: ① Net sales: ¥2,759 million ② Ordinary profit: △¥224 million ③ Net income: △¥275 million」
Murotech Ohio is a significant overseas subsidiary and reported an ordinary loss and net loss this fiscal year. No impairment loss is reported as having been recognized. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company broadly states that there have been no new developments or significant changes regarding impairment risk associated with continued losses at Murotech Ohio. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company broadly states that there have been no significant changes regarding impairment risk associated with continued losses at Murotech Ohio. - FY2024-Q2RestatedAnnual report
「There have been no significant changes in the business and other risks described in the annual securities report for the previous fiscal year.」
The company broadly states that there have been no significant changes regarding impairment risk associated with continued losses at Murotech Ohio. - FY2023-Q2RestatedAnnual report
「There have been no significant changes in the business and other risks described in the annual securities report for the previous fiscal year.」
The company broadly states that there have been no significant changes regarding impairment risk associated with continued losses at Murotech Ohio. - FY2022First statedAnnual report
「Murotech Ohio Corporation, a consolidated subsidiary, has continued to report operating losses. Although the company has identified indications of impairment, primarily for property, plant and equipment related to its metal-parts manufacturing plant, no impairment loss has been recognized because the total undiscounted future cash flows expected from the asset group exceed its carrying amount.」
Murotech Ohio has continued to report operating losses, and indications of impairment have been identified for ¥884.911 million in property, plant and equipment. Although no impairment loss has been recognized at present, the company has disclosed that an impairment loss may be recognized in the next fiscal year if assumptions regarding future sales volume and prices, steel and other material prices, fuel costs and other factors are revised.