Impact of Fixed-Asset Impairment on Financial Position and Results
First written in FY2022. 4 of 5 entries say "Materialised", first in FY2023. Latest entry: FY2026.
Wood One moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2017: 9 of 15 companies on the "Worse" side.
18 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In light of the decline in the profitability of the New Zealand subsidiary, the company decided to conduct a fundamental review of the Northland and Tri-board plants. After carefully considering the future business environment and profitability, the company reduced the carrying amounts of the assets at these plants to their recoverable amounts and recognized the resulting reductions as a business restructuring loss under extraordinary losses.」
Impairment of fixed assets continued and expanded, and the company recorded an impairment loss of ¥2,209 million on the factory assets of its New Zealand subsidiary. - FY2024MaterialisedAnnual report
「In the Housing Building Materials and Equipment business segment, the company recorded an impairment loss of ¥1,120 million in connection with the business restructuring of its New Zealand subsidiary, which is presented under business restructuring losses in extraordinary losses.」
For the fiscal year, the company recorded impairment losses of ¥1,210 million, including ¥1,144 million related to the restructuring of its New Zealand operations. - FY2024-Q3MaterialisedAnnual report
「In the Housing Building Materials and Equipment business segment, the company recorded an impairment loss of ¥1,120 million in connection with the business restructuring of its New Zealand subsidiary, which is presented under business restructuring losses in extraordinary losses.」
An impairment loss of ¥1,120 million on fixed assets in connection with the business restructuring of the New Zealand subsidiary was actually recorded. - FY2023MaterialisedAnnual report
「Consolidated fiscal year (From 1 April 2022 to 31 March 2023) Head office: Hatsukaichi, Hiroshima Prefecture Works of art: Works of art and other items: 13 Miyoshi, Hiroshima Prefecture Idle assets: Construction in progress: 2 New Zealand Idle assets: Machinery and equipment: 2 Total: 18」
Impairment of fixed assets actually occurred, and the company recorded an impairment loss of ¥18 million during the fiscal year. - FY2022First statedAnnual report
「However, if expected future cash flows from fixed assets decline due to future changes in the operating environment, or if the recoverable amount of works of art falls substantially, additional impairment charges could affect the Group's financial condition and operating results.」
The company disclosed the risk of additional impairment losses due to declines in future cash flows from fixed assets or in the recoverable amount of works of art as a standalone business risk.