Continued Operating Losses and Impairment Indicators at the Chinese Foshan Subsidiary
First written in FY2025. 2 of 3 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For consolidated subsidiary 盟和（佛山）汽車配件有限公司, we determined that there were indications of impairment because operating income had remained negative in both the previous consolidated fiscal year and the current consolidated fiscal year, and considered whether an impairment loss needed to be recognized. As a result, we determined that no impairment loss needed to be recognized because total undiscounted future cash flows exceeded the carrying amount of the asset group.」
At the Foshan subsidiary, an operating loss and indications of impairment continue to be recognized, but no impairment loss has been recorded because undiscounted future cash flows are expected to exceed the carrying amount. - 2026-06-04RestatedGeneral Meeting of Shareholders
「As the operating results of Meiwa (Foshan) Automotive Parts Co., Ltd. were continuously negative in both the previous consolidated fiscal year and the current consolidated fiscal year, we determined that there were indications of impairment and examined whether an impairment loss needed to be recognized. As a result, because the total undiscounted future cash flows for the company exceeded the carrying amount of the asset group, we determined that recognition of an impairment loss was unnecessary.」
The continuing operating losses and impairment indicators at the Foshan subsidiary were confirmed again in the current consolidated fiscal year. However, because undiscounted future cash flows exceeded the carrying amount, the company determined that no impairment loss needed to be recognized. The original canonical thread should not be changed. - FY2025First statedAnnual report
「For consolidated subsidiary 盟和（佛山）汽車配件有限公司, we determined that there were indications of impairment because operating income had remained negative in both the previous consolidated fiscal year and the current consolidated fiscal year, and considered whether an impairment loss needed to be recognized. As a result, we determined that no impairment loss needed to be recognized because total undiscounted future cash flows exceeded the carrying amount of the asset group.」
The Foshan subsidiary continued to post negative operating income, and indications of impairment were identified. The company considered tangible fixed assets of ¥873.544 million and intangible fixed assets of ¥136.923 million, but did not recognize an impairment loss because undiscounted future cash flows exceeded their carrying amount.