Revenue Shortfall and Impairment at Thai Subsidiary
First written in FY2017. 3 of 5 entries say "Materialised", first in FY2022. Latest entry: 2026-05-14.
Meiwa Industry moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Materialised".
- 2026-05-14MaterialisedResults
「Operating income was ¥370 million, down 26.7% from the previous consolidated fiscal year, due to an inventory write-down of ¥71 million at a Chinese subsidiary and other factors.」
At the Chinese subsidiary, an inventory write-down of ¥71 million actually occurred, separately from the continuing operating losses and impairment indicators reported in the previous fiscal year. - FY2024MaterialisedAnnual report
「MEIWA INDUSTRY (THAILAND)CO.,LTD. recognized a full impairment loss on fixed assets other than land.」
The Company disclosed that the Thai subsidiary recognized a full impairment loss on fixed assets other than land, indicating that the risks of an earnings shortfall and impairment continue to materialize. - FY2022MaterialisedAnnual report
「As automobile production in Thailand is expected to take some time to return to pre-pandemic levels, MEIWA INDUSTRY (THAILAND)CO.,LTD. assessed the recoverable amount of the above operating assets at zero based on value in use after reviewing their future recoverability, reduced their carrying amount, and recognized the reduction as an impairment loss under extraordinary losses.」
The Thai subsidiary recognized an additional impairment loss of ¥16.994 million on buildings and structures, machinery, equipment and vehicles, tools, fixtures and fittings, and software. The risks of an earnings shortfall and impairment have materialized again during the current fiscal year. - FY2021WorsenedAnnual report
「Of the 4 countries where the Group has production bases, namely Japan, China, Thailand and the United States, Thailand is expected to take some time to return to pre-pandemic levels of automobile production. As a result, among other factors, the Group recognized an impairment loss of ¥338 million on the fixed assets of consolidated subsidiary MEIWA INDUSTRY (THAILAND) CO., LTD., resulting in a net loss attributable to owners of the parent of ¥1,028 million.」
The Thai subsidiary recognized an impairment loss of ¥338 million on fixed assets against a backdrop of delayed recovery in automobile production. In addition, the filing company recognized a ¥856.825 million loss on the valuation of shares in an affiliated company, indicating increased risks of earnings shortfalls and impairment. - FY2017First statedAnnual report
「During the consolidated fiscal year, MEIWA INDUSTRY(THAILAND)CO.,LTD. reduced the carrying amount of its assets to their recoverable amount because the earnings initially expected could no longer be anticipated, and recognized the reduction as an impairment loss under extraordinary losses. The recoverable amount was calculated based on value in use, but was assessed at zero because no future cash flows were expected.」
As the Thai subsidiary could no longer be expected to generate the earnings initially anticipated, it assessed future cash flows at zero and recognized an impairment loss. The impairment loss totaled more than ¥49 million.