Impairment Losses Associated with Factory and Warehouse Restructuring
First written in FY2018-Q3. 3 of 18 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Other".
- FY2026Increase in impairment lossesAnnual report
「For the company's Nasu Plant (industrial materials and electronic component manufacturing), after considering future recoverability based on recent trends, the carrying amount of the above assets was written down to their recoverable amount, and the resulting decrease of ¥565.463 million was recognized as an impairment loss.」
Impairment losses totaling ¥917.551 million were recognized, including ¥565.463 million at the Nasu Plant and ¥327.037 million at the Sayama Plant of 新村印刷. - 2026-05-13OtherRevisions to earnings forecasts
「We reduced the carrying amount of the fixed assets, including land and machinery, held by our company at the Nasu Plant to their recoverable amount and recorded an impairment loss of ¥565 million as an extraordinary loss. In addition, we reduced the carrying amount of the fixed assets, including leased assets and machinery, held by the consolidated subsidiary 新村印刷株式会社 to their recoverable amount and recorded an impairment loss of ¥314 million as an extraordinary loss.」
Adds the fact that total impairment losses of ¥879 million were recorded for the fixed assets of the Nasu Plant and 新村印刷株式会社. - FY2026-H1Sayama Plant impairment and relocation-related costsAnnual report
「For the Sayama Plant (printing), after considering future recoverability based on recent trends, the carrying amount of the above assets was written down to their recoverable amount, and the resulting decrease of ¥15.159 million was recognized as an impairment loss. This comprised ¥15.159 million for machinery and equipment and vehicles. The recoverable amount was measured using the net selling price based on a real estate appraisal and other factors.」
Based on the review of future recoverability, an impairment loss of ¥15.159 million was recognized on machinery and equipment and other assets at the Sayama Plant. In addition, ¥3.37 million in machinery relocation costs and other expenses within the Sayama Plant were recognized. - FY2025-H1Kitashinagawa Building impairment and soil improvement costsAnnual report
「Because the company decided to demolish the Kitashinagawa Building (printing), which is used by consolidated subsidiaries and other entities, in order to use its assets more efficiently, the carrying amount of the above assets was written down to their recoverable amount, and the resulting decrease of ¥108.014 million was recognized as an impairment loss. This comprised ¥105.606 million for buildings and structures, ¥218 thousand for machinery and equipment and vehicles, and ¥2.189 million for other assets. The recoverable amount was measured at zero because no future cash flows were expected.」
Following the decision to demolish the Kitashinagawa Building, an impairment loss of ¥108.001 million was recognized. In addition, ¥38 million in soil improvement costs for the former Soka Plant and ¥11.866 million in relocation-related costs for the Kitashinagawa Building were recognized. - FY2024-Q3Increase in factory relocation-related costsAnnual report
「Cumulative third quarter of the consolidated fiscal period (from 1 April 2023 to 31 December 2023): These comprise relocation and removal costs for equipment related to the relocation of the Kawagoe Plant to the Sayama Plant, among other costs.」
Equipment relocation and removal costs and other expenses related to the relocation from the Kawagoe Plant to the Sayama Plant were recognized as factory relocation-related costs of ¥160.375 million. - FY2024-Q2Factory relocation-related costs recognizedAnnual report
「These comprise equipment relocation and removal costs related to the relocation of the Kawagoe Plant to the Sayama Plant.」
Equipment relocation and removal costs of ¥83.757 million related to the relocation from the Kawagoe Plant to the Sayama Plant were recognized as extraordinary losses. - FY2024-Q1Factory relocation-related costs recognizedAnnual report
「These comprise relocation and removal costs for equipment related to the relocation of the Kawagoe Plant to the Sayama Plant, among other costs.」
Equipment relocation and removal costs and other expenses of ¥30.939 million related to the relocation from the Kawagoe Plant to the Sayama Plant were recognized as extraordinary losses, indicating that costs associated with the relocation plan have actually been incurred. - FY2023-Q3Impairment loss expected to be recognizedAnnual report
「Following the decision to transfer the above fixed assets and consolidate manufacturing sites, an impairment loss on buildings, machinery and equipment, leased assets and other assets at the Kawagoe Plant is expected to be recognized as an extraordinary loss in the fourth quarter of the fiscal year ending March 2023. The amount is currently under review.」
Following the decision to transfer the Kawagoe Plant site and consolidate manufacturing sites, an impairment loss on buildings, machinery and equipment, leased assets and other assets is expected to be recognized in the following quarter. The amount is under review. - FY2023-Q2Factory relocation-related costs recognizedAnnual report
「These comprise relocation and removal costs for equipment related to the relocation of the Soka Plant to the Sayama Plant, among other costs.」
Following the relocation from the Soka Plant to the Sayama Plant, ¥113 million in equipment relocation and removal costs and other expenses were recognized as extraordinary losses. - FY2022-Q3Additional impairment losses recordedAnnual report
「For the Kawagoe Plant, following the decision to dispose of certain assets in order to promote production structure reform through the effective use of management resources, the carrying amount of the above assets was written down to their recoverable amount, and the resulting decrease of ¥16.345 million was recognized as an impairment loss.」
An additional impairment loss of ¥16.345 million was recognized in connection with the disposal of certain assets at the Kawagoe Plant as part of production structure reform. - FY2021Increase in impairment lossesAnnual report
「As extraordinary losses, the company recognized an impairment loss of ¥2,585 million resulting from the write-down to recoverable amount of assets at the Soka Plant, for which a decision had been made to sell the site, and assets of the flat-panel sensor business, for which a decision had been made to withdraw from the business, as well as a ¥288 million loss on disposal of fixed assets and other items.」
An impairment loss of ¥2,585.336 million was recognized for the Soka, Nasu, Sayama and Kawagoe plants, among others. The scope and amount had expanded from the impairment losses recognized through the previous quarter. - FY2021-Q3Additional impairment losses recordedAnnual report
「For the Sayama Plant, after considering future recoverability based on recent operating trends, the carrying amount of the relevant assets was written down to their recoverable amount, and the resulting decrease of ¥189.152 million was recognized as an impairment loss. For the Kawagoe Plant, the company decided to demolish part of the buildings and equipment in order to use management resources more effectively and further improve productivity. Accordingly, the carrying amount of the relevant assets was written down to their recoverable amount, and the resulting decrease of ¥12.250 million was recognized as an impairment loss.」
In addition to the ¥1,924.91 million impairment loss at the Soka Plant, impairment losses of ¥189.152 million at the Sayama Plant and ¥12.25 million at the Kawagoe Plant were recognized, expanding the scope and amount of the impairment losses. - FY2021-Q2Impairment loss recognized at the Soka PlantAnnual report
「With respect to the Soka Plant, the company decided to consolidate its manufacturing sites in order to promote production structure reform through the effective use of management resources, and decided to sell the Soka Plant site. Accordingly, the carrying amount of the above assets at the Soka Plant was written down to their recoverable amount, and the resulting decrease of ¥1,924.910 million was recognized as an impairment loss.」
Following the decision to sell the Soka Plant site and consolidate manufacturing sites, an impairment loss of ¥1,924.91 million was recognized on buildings, machinery and equipment, leased assets and other assets. - FY2019-Q3RestatedAnnual report
「At the Kawagoe Plant, the company decided to demolish certain buildings and equipment to further improve productivity. It therefore reduced the carrying amount of the assets to their recoverable amount and newly recorded the reduction of ¥37.930 million as an impairment loss.」
The ¥37.93 million impairment loss recognized following the decision to demolish part of the buildings and equipment at the Kawagoe Plant was also confirmed for the cumulative third quarter. - FY2019-Q2RestatedAnnual report
「At the Kawagoe Plant, the company decided to demolish certain buildings and equipment to further improve productivity. It therefore reduced the carrying amount of the assets to their recoverable amount and newly recorded the reduction of ¥37.930 million as an impairment loss.」
The ¥37.93 million impairment loss recognized following the decision to demolish part of the buildings and equipment at the Kawagoe Plant was also confirmed for the cumulative second quarter. - FY2019-Q1Additional impairment losses recordedAnnual report
「At the Kawagoe Plant, the company decided to demolish certain buildings and equipment to further improve productivity. It therefore reduced the carrying amount of the assets to their recoverable amount and newly recorded the reduction of ¥37.930 million as an impairment loss.」
The company newly recorded an impairment loss of ¥37.930 million in connection with the decision to demolish certain buildings and equipment at the Kawagoe Plant. - FY2018RestatedAnnual report
「At the Kawagoe Plant, the company decided to demolish certain buildings and equipment to further improve productivity. It therefore reduced the carrying amount of the assets to their recoverable amount and recorded the reduction of ¥64.333 million as an impairment loss.」
The company confirmed that the decision disclosed in the third quarter to demolish certain buildings and equipment at the Kawagoe Plant and consolidate warehouses resulted in total impairment losses of ¥95.843 million for the full fiscal year. - FY2018-Q3First statedAnnual report
「At the Kawagoe Plant, the company decided to demolish certain buildings and equipment to further improve productivity. It therefore reduced the carrying amount of the assets to their recoverable amount and recorded the reduction of ¥64.333 million as an impairment loss. The recoverable amount was measured based on value in use, but was assessed at zero because no future cash flows were expected. At the warehouse facilities, the company decided to improve logistics efficiency by removing certain warehouses and consolidating operations into other warehouses in response to changes in the surrounding environment. It therefore reduced the carrying amount of the assets to their recoverable amount and recorded the reduction of ¥31.510 million as an impairment loss.」
The company disclosed for the first time that it had recorded total impairment losses of ¥95.843 million in connection with the decision to demolish certain buildings and equipment at the Kawagoe Plant and remove and consolidate warehouses.