Deterioration in the Business Environment and Profitability of the Mexican Subsidiary, 天龍産業, and Impairment
First written in FY2020. 6 of 8 entries say "Restated". Latest entry: FY2025-H1.
0 other companies' latest entry also says "Restated".
- 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 have been no material changes in the existing risk related to the deteriorating business environment and profitability and impairment at the Mexican subsidiary and Tenryu Industries. - FY2023MaterialisedAnnual report
「Long-term loans to affiliated companies, valuation losses on shares of affiliated companies and the allowance for doubtful accounts related to loans to affiliated companies all relate entirely to the subsidiary concerned.」
For FCC AUTOMOTIVE PARTS DE MEXICO, the company disclosed a ¥547 million valuation loss on shares of an affiliated company and a ¥1,484 million allowance for doubtful accounts related to loans. Financial support for the Mexican subsidiary has continued in response to the deterioration in its business environment and profitability. - 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 states that there have been no material changes in the existing risk related to the deteriorating business environment and profitability and impairment at Tenryu Industries and the Mexican subsidiary. - 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 have been no material changes in the existing risk related to the deteriorating business environment and profitability and impairment at Tenryu Industries and the Mexican subsidiary. - 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 have been no material changes in the existing risk related to the deteriorating business environment and profitability and impairment at Tenryu Industries and the Mexican subsidiary. - 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 have been no material changes in the existing risk related to the deteriorating business environment and profitability and impairment at Tenryu Industries and the Mexican subsidiary. - 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 have been no material changes in the existing risk related to the deteriorating business environment and profitability and impairment at Tenryu Industries and the Mexican subsidiary. - FY2020MaterialisedAnnual report
「With respect to Tenryu Industries Co., Ltd. and FCC AUTOMOTIVE PARTS DE MEXICO,S.A.DE C.V., the Group conducted impairment testing based on the latest plans, taking into account the business environment and profitability. As a result, it reduced the carrying amounts of assets held by the group companies to their recoverable amounts and recorded an impairment loss of ¥2,167 million under other expenses.」
The deterioration in the business environment and profitability at Tenryu Industries and the Mexican subsidiary materialized during the current fiscal year as impairment of fixed assets, and ¥2,167 million was recorded.