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F.C.C. (7296) · RiskMaterialised

Deterioration in the Profitability of the Chengdu Operations Due to the Slowdown in the Chinese Economy

First written in FY2016. 17 of 22 entries say "Restated". Latest entry: FY2026.

22entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q2 – FY2019-Q3RestatedFY2020-Q1 – FY2023-Q3MaterialisedFY2023RestatedFY2025-H12016: 220162017: 420172018: 320182019: 420192020: 320202021: 120212022: 120222023: 220232024: 120242025: 020252026: 12026
Same theme, other companies
Impairment of fixed assets due to deteriorating business conditions at operations in ChinaA theme 9 companies write about · 9 as a headwind · 0 as a tailwind

F.C.C. moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).

3 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「The group decided to close 上海中瑞・富士離合器有限公司 in order to consolidate its production bases in China. Of the assets held by the company, the unrecoverable carrying amount of ¥26 million was recognised as an impairment loss under “Other expenses.”」

    In connection with the consolidation of production bases in China, the group decided to close 上海中瑞・富士離合器有限公司 and recognised an impairment loss of ¥26 million.
  2. FY2025-H1RestatedAnnual report

    「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  3. FY2023MaterialisedAnnual report

    「In light of the business environment and profitability, impairment testing was conducted on the group's 成都永華富士離合器有限公司 based on the latest plans. As a result, the carrying amount of assets held by the group company was reduced to the recoverable amount, and an impairment loss of ¥315 million was recognised under “Other expenses.”」

    An additional impairment loss of ¥315 million was recognised in the Chengdu business in connection with the deterioration in China's economy, the business environment and profitability.
  4. FY2023-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It is stated that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  5. FY2022-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  6. FY2022-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  7. FY2021-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  8. FY2021-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  9. FY2020-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  10. FY2020-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  11. FY2020-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  12. FY2019MaterialisedAnnual report

    「In light of the deterioration in the business environment and profitability associated with the slowdown in China's economy, impairment testing was conducted on the group's 成都永華富士離合器有限公司 based on the latest plans. As a result, the carrying amount of assets held by the group company was reduced to the recoverable amount, and an impairment loss of ¥1,601 million was recognised under “Other expenses.”」

    The deterioration in the profitability of the Chengdu business associated with the slowdown in China's economy actually occurred during the current fiscal year as an impairment loss of ¥1,601 million.
  13. FY2019-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  14. FY2019-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  15. FY2019-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  16. FY2018-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  17. FY2018-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  18. FY2018-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and impairment resulting from the slowdown in China's economy.
  19. FY2017Cited as achievedAnnual report

    「In light of the deterioration in the business environment and profitability associated with the slowdown in China's economy, impairment testing was conducted on the group's 成都永華富士有限公司 based on the latest plans. As a result, the carrying amount of assets held by the group company was reduced to the recoverable amount, and an impairment loss of ¥2,681 million was recognised under “Other expenses.”」

    An impairment loss of ¥2,681 million related to the Chengdu business and the slowdown in China's economy was recognised as an event of the previous consolidated fiscal year. No new impairment loss is indicated for the Chengdu business in the current consolidated fiscal year.
  20. FY2017-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It is stated that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and the recognition of impairment losses resulting from the slowdown in China's economy.
  21. FY2017-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It is stated that there has been no material change in the existing risks concerning the deterioration in the profitability of the Chengdu business and the recognition of impairment losses resulting from the slowdown in China's economy.
  22. FY2016MaterialisedAnnual report

    「In light of the deterioration in the business environment and profitability associated with the slowdown in China's economy, impairment testing was conducted based on the latest plans. As a result, the carrying amount of assets held by the group company was reduced to the recoverable amount, and an impairment loss of ¥2,681 million was recognised under “Other expenses.”」

    An impairment loss of ¥2,681 million was recognised on assets of 成都永華富士離合器有限公司 associated with the slowdown in China's economy.
Moved together

"Building a Foundation for Sustainable Growth through the Ninth Medium-Term Management Plan" moved the same way as this thread, in the same document, in 3 of its 22 moves.

332222★123456
  1. ★This thread
  2. 1Building a Foundation for Sustainable Growth through the Ninth Medium-Term Management Plan3×
  3. 2Emerging-Market Slowdown, Weakness in Resource-Rich Economies, and Downside Risk to the Global Economy3×
  4. 3Compensation Risk Associated with Product Defects and Large-Scale Recalls2×
  5. 4Global Business Operations Centered on Japan, the United States and Asia2×
  6. 5Substitution of clutch products and the transition to vehicles without internal combustion engines2×
  7. 6Political, Economic, Foreign Exchange, Legal and Regulatory, and International Tax Risks Associated with Overseas Expansion2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
F.C.C.'s next results are scheduled for 2026-11-04. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Deterioration in the Profitability of the Chengdu Operations Due to the Slowdown in the Chinese Economy | F.C.C.CO.,LTD. (7296) | Komori