髙橋製麺's deteriorating performance and impairment loss on shares of an affiliate
First written in FY2025. 1 of 2 entries say "Materialised", first in FY2025. Latest entry: FY2026.
Sokensha moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 9 of 16 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「At the end of the fiscal year, the company determined that there were indications of impairment because 髙橋製麺株式会社 had recorded operating losses for 3 consecutive periods, and assessed whether an impairment loss needed to be recognised. As a result, the company determined that total undiscounted future cash flows exceeded the carrying amount during the fiscal year and therefore did not record an impairment loss.」
髙橋製麺's operating loss continued for 3 consecutive fiscal years, and indications of impairment of fixed assets were identified even after the impairment loss on shares of an affiliate was recognized. However, no impairment loss was recognized in the current fiscal year. - FY2025MaterialisedAnnual report
「The company is an unlisted consolidated subsidiary, and whether its shares, which qualify as shares of an affiliate without a market price, require impairment is determined by comparing their acquisition cost with their real value. If the real value has fallen significantly below the acquisition cost due to deterioration in the company's financial condition, impairment is recognized unless sufficient evidence supports a recovery within approximately 5 years. As of the end of the fiscal year, the company recognized an impairment loss on shares of an affiliate of ¥29,068 thousand as an extraordinary loss.」
In response to the deterioration in the financial condition of 髙橋製麺株式会社, the company disclosed the recognition of an impairment loss on shares of an affiliate of ¥29,068 thousand as a new performance and risk item.