Impairment of Fixed Assets Due to Production Cuts by Major Indian Customer
First written in FY2019. 3 of 8 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Yorozu moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 13 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Due to substantial fluctuations in customer demand resulting from unforeseeable changes in market conditions, the carrying amounts of manufacturing equipment for automotive parts and other assets were reduced to their recoverable amounts, and the resulting reduction of ¥105 million was recognized as an impairment loss under extraordinary losses.」
Impairment losses fell substantially from ¥9,145 million in the previous fiscal year to ¥105 million in the current fiscal year. The impairment was limited to 庄内ヨロズ. - 2026-05-15MitigatedRevision of earnings forecasts
「Impairment loss — 9,145 — 105」
Impairment losses decreased from ¥9,145 million in the previous fiscal year to ¥105 million, reducing the scale of impairment recognized on fixed assets. - FY2025MaterialisedAnnual report
「Due to substantial fluctuations in customer demand resulting from unforeseeable changes in market conditions, the carrying amounts of manufacturing equipment for automotive parts and other assets were reduced to their recoverable amounts, and the resulting reduction of ¥9,145 million was recognized as an impairment loss under extraordinary losses.」
The company recognized an impairment loss of ¥9,145 million at multiple sites, mainly in the Americas and Asia, against a backdrop of fluctuations in customer demand. The impairment of fixed assets anticipated in the previous interim period materialized for the full fiscal year. - FY2025-H1WorsenedAnnual report
「As a result of this event, the company expects to recognize an impairment loss of approximately ¥14 billion as an extraordinary loss in its consolidated results for the fiscal year ending March 2025.」
In light of major changes in the Chinese automotive market and a substantial decline in production by major customers globally, the company identified indicators of impairment mainly for fixed assets in the Americas and Asia and expects to recognize an impairment loss of approximately ¥14 billion in the fiscal year ending March 2025. - FY2024MaterialisedAnnual report
「The consolidated statement of income for the fiscal year includes an impairment loss of ¥11,800 million.」
An impairment loss of ¥11,800 million was recognized on asset groups in 2 operations in China, Thailand, India and 庄内ヨロズ, against a backdrop of substantial changes in customer demand and other factors. - FY2023RestatedAnnual report
「The company assessed whether to recognize an impairment loss after indicators of impairment were identified in the asset group held by 庄内ヨロズ, which belongs to the Japan segment and accounted for ¥501 million, or 0.4% of consolidated total assets, of the ¥68,928 million in fixed assets recorded on the consolidated balance sheet for the fiscal year.」
The company recognized an impairment loss of ¥42 million at 庄内ヨロズ and identified indicators of impairment at 2 sites in the Americas, but determined that no impairment was necessary because undiscounted future cash flows exceeded the carrying amounts. - FY2021WorsenedAnnual report
「The company recognized an impairment loss of ¥4,973 million during the consolidated fiscal year.」
Following the ¥11,271 million recognized in the previous fiscal year, the company recognized ¥4,973 million in impairment losses on fixed assets at operations in Thailand, Tennessee in the United States, 庄内ヨロズ and elsewhere. The company stated that it may recognize further impairment losses in the following fiscal year. - FY2019MaterialisedAnnual report
「Net income attributable to owners of the parent fell 85.2% year on year to ¥402 million, as the India operations recognized an impairment loss on fixed assets following a substantial decline in production volumes at major customers.」
A substantial decline in production volumes at major customers in India led to the recognition of an impairment loss of ¥2,483 million on fixed assets.