Impairment losses caused by continuing losses at overseas subsidiaries
First written in FY2019. 7 of 15 entries say "Restated". Latest entry: 2026-08-06.
Fuji Seal International moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 4 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- 2026-08-06MaterialisedEarnings
「The ASEAN segment recorded an impairment loss on property, plant and equipment of ¥28 million.」
An impairment loss was recognised on machinery in Thailand scheduled for disposal following a review of the business strategy in ASEAN. - FY2026MitigatedAnnual report
「Fuji Seal Switzerland AG was liquidated during the consolidated fiscal year and was therefore excluded from the scope of consolidation. This resulted from the liquidation of Fuji Seal Switzerland AG, a consolidated subsidiary of the company.」
The liquidation of Fuji Seal Switzerland AG, which had previously been subject to business restructuring and loss recognition, has been completed and the company has been excluded from the scope of consolidation. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the existing business and other risks, including impairment losses associated with continuing losses and the restructuring of overseas subsidiaries. - FY2024MaterialisedAnnual report
「For the current consolidated fiscal year, the amounts comprise a ¥150 million loss on disposal of fixed assets related to structural reform in the Americas, an impairment loss of ¥117 million related to structural reform in ASEAN and other expenses of ¥25 million. / During the current consolidated fiscal year, impairment losses on machinery and equipment and other assets were recognized in the amounts of ¥419 million for Fuji Seal France S.A.S., ¥117 million for Fuji Seal Vietnam Co., Ltd. and ¥79 million for Fuji Seal Poland Sp.zo.o.」
For overseas operations, costs related to structural reform in the Americas and ASEAN and impairment losses in France, Vietnam and Poland were recognized for the full year, and losses associated with deteriorating profitability and the restructuring of overseas operations continue. - FY2023MaterialisedAnnual report
「The amount consisted of ¥183 million in personnel-reduction costs associated with structural reforms in Europe and a ¥259 million impairment loss related to suspending equipment for the pouch business at Fuji Seal Poland Sp.zo.o.」
Costs and impairment losses associated with structural reform in Europe and the suspension of pouch business equipment in Poland were also recognized for the full year, and risks associated with deteriorating profitability and the restructuring of overseas subsidiaries continue to materialize as actual losses. - FY2023-Q3MaterialisedAnnual report
「The amount consisted of ¥293 million in personnel-reduction costs associated with structural reforms in Europe and a ¥257 million impairment loss related to suspending equipment for the pouch business at Fuji Seal Poland Sp.zo.o.」
Workforce reduction costs associated with structural reform in Europe and impairment losses associated with the suspension of pouch business equipment at the Polish subsidiary were recognized, and losses associated with deteriorating profitability and the restructuring of overseas operations continue. - FY2022-Q3MaterialisedAnnual report
「The breakdown was a ¥1,162 million loss arising from the reduction of the retirement benefit plan, an ¥187 million inventory valuation loss and a ¥127 million impairment loss on machinery and equipment, among other assets.」
In connection with the transfer of the tack-label business of Fuji Seal Switzerland AG, losses from the reduction of a retirement benefit plan, an inventory valuation loss and an impairment loss were recognized, showing that losses associated with the restructuring of overseas operations have materialized. - FY2022-Q2MaterialisedAnnual report
「The company recognized expected losses arising from entering into an agreement to transfer Pago AG's tuck-label business. The breakdown was an inventory valuation loss of ¥187 million and impairment losses of ¥125 million on machinery and other assets.」
For the tack-label business of overseas subsidiary Pago AG, an inventory valuation loss of ¥187 million and an impairment loss of ¥125 million were recognized in connection with the execution of a transfer agreement. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the existing business and other risks, including impairment losses due to continuing losses at overseas subsidiaries. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the third quarter, there were no new business or other risks, or significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the existing business and other risks, including impairment losses due to continuing losses at overseas subsidiaries. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the business and other risks described in the previous fiscal year, including impairment losses due to continuing losses at overseas subsidiaries. - FY2020-Q3RestatedAnnual report
「During the nine-month consolidated period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the business and other risks described in the previous fiscal year, including impairment losses due to continuing losses at overseas subsidiaries. - FY2020-Q2RestatedAnnual report
「During the six months ended the second quarter, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the business and other risks described in the previous fiscal year, including impairment losses due to continuing losses at overseas subsidiaries. - FY2020-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the business and other risks described in the previous fiscal year, including impairment losses due to continuing losses at overseas subsidiaries. - FY2019First statedAnnual report
「During the current consolidated fiscal year, Fuji Seal Europe Ltd. and PT. Fuji Seal Packaging Indonesia continued to report negative profit or loss from operating activities, indicating impairment. Their carrying amounts were therefore reduced to their recoverable amounts.」
Impairment losses of ¥683 million at the European subsidiary, ¥145 million at the Indonesian subsidiary and ¥24 million at Pago AG, totaling ¥852 million, were recognized, showing that deteriorating profitability at overseas operations has materialized as actual losses.