Impairment Losses Associated with the Transfer of Pressure Sensor Production Facilities
First written in FY2017-Q3. 7 of 8 entries say "Materialised", first in FY2017. Latest entry: FY2024.
Nagano Keiki moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 5 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「In connection with the relocation of the Swiss manufacturing site to Germany, production equipment that was no longer expected to be used was written down to its recoverable amount. The resulting decrease of ¥264.340 million was recorded as an impairment loss under extraordinary losses.」
In connection with the relocation of the Swiss manufacturing site to Germany, a full-year impairment loss of ¥264 million was recorded on right-of-use assets and machinery and equipment. - FY2024-Q3MaterialisedAnnual report
「As part of efforts to improve production efficiency from a global perspective, the Group is proceeding with the relocation to Germany of the U.S. subsidiary's manufacturing site for thermometers and temperature sensors in Switzerland. In connection with this relocation, ¥291 million in retirement benefit costs and relocation costs was recorded under selling, general and administrative expenses, while an impairment loss of ¥278 million on right-of-use assets and fixed assets was recorded as an extraordinary loss.」
In connection with the relocation of the Swiss manufacturing site to Germany, the impairment loss on right-of-use assets and fixed assets increased from ¥270 million for the cumulative second quarter to ¥278 million on a recorded basis. Retirement benefit costs and relocation costs of ¥291 million were also incurred. - FY2024-Q2MaterialisedAnnual report
「As part of efforts to improve production efficiency from a global perspective, the Group is proceeding with the relocation to Germany of the U.S. subsidiary's manufacturing site for thermometers and temperature sensors in Switzerland. Of the associated relocation costs, impairment losses of ¥270 million on right-of-use assets and fixed assets were recorded as extraordinary losses in the cumulative second quarter of the current consolidated fiscal year.」
In connection with the relocation of the Swiss manufacturing site for thermometers and temperature sensors to Germany, an impairment loss of ¥270 million was recorded on right-of-use assets and fixed assets. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, an impairment loss of ¥132.060 million was recorded because the recoverable amount based on the value in use of fixed assets held by JADE was ¥132.060 million below their carrying amount.」
In addition to the previous impairment of pressure sensor production equipment and other assets, an impairment loss of ¥132.060 million was recorded on the production equipment of JADE Sensortechnik GmbH. - FY2019MaterialisedAnnual report
「During the consolidated fiscal year, the carrying amounts of asset groups among idle assets not used in the business whose fair values had declined significantly were reduced to their recoverable amounts. The resulting decrease of ¥108.964 million was recorded as an impairment loss under extraordinary losses.」
Following the impairment of pressure sensor production equipment and other assets in the previous fiscal year, an impairment loss of ¥108.964 million was recorded in the current fiscal year on idle land in Tomi, Nagano Prefecture. - FY2018MaterialisedAnnual report
「Construction in progress consisted of a factory building under construction, part of which had been planned for use in a specific business. Following a review of the business strategy, it was expected that the building would not be used for that business for the foreseeable future. As its future use had consequently not been determined and recovery of the investment was no longer expected, it was written down to its recoverable amount. Machinery and transportation equipment were also written down to their recoverable amounts because a review of fair value following a change in asset use associated with the relocation of production equipment revealed a significant decline in fair value. The resulting decreases were recorded as impairment losses under extraordinary losses.」
Impairment losses continued from the previous fiscal year, with ¥116.885 million recorded in the current fiscal year on construction in progress and other assets whose use became undetermined following a review of the business strategy. - FY2017MaterialisedAnnual report
「Construction in progress was written down to its recoverable amount because its future use had not been determined and recovery of the investment was no longer expected. Machinery and transportation equipment were also written down to their recoverable amounts because a review of fair value following a change in asset use associated with the relocation of production equipment revealed a significant decline in fair value. The resulting decreases were recorded as impairment losses under extraordinary losses.」
In addition to the impairment of pressure sensor production equipment reported in the third quarter, a full-year impairment loss of ¥117.813 million was recorded, including on construction in progress for which no future use had been determined. - FY2017-Q3First statedAnnual report
「In the Pressure Sensors segment, the decrease resulting from a review of fair value following a change in the use of assets associated with the relocation of production equipment has been recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥15.368 million was recorded as an extraordinary loss following a change in the use of assets and a review of fair value associated with the relocation of production equipment in the Pressure Sensors segment.