Impairment losses due to deteriorating asset values and profitability
First written in FY2016. 6 of 14 entries say "Materialised", first in FY2016. Latest entry: FY2025.
The whole theme swung hardest in 2026: 67 of 129 companies on the "Worse" side.
- FY2025RestatedAnnual report
「As a measure to address this risk, our corporate planning function manages performance, while our accounting function works to identify at an early stage any indications of impairment of fixed assets arising from idle assets or deteriorating performance. We have established a system that enables timely measures to be taken when signs of deteriorating performance or other issues are identified.」
The disclosure specifies a response framework based on early identification of impairment indicators and performance management. No impairment loss was recognized in the segment information for the current fiscal year. - FY2024MitigatedAnnual report
「For 1 location within the asset groups identified as having indications of impairment during the current consolidated fiscal year, no impairment loss was recognized because undiscounted future cash flows exceeded the carrying amount.」
While an impairment loss of ¥25 million was recognized in the previous fiscal year, no impairment loss was recognized in the current fiscal year even for the 1 location with indications of impairment. - FY2023MaterialisedAnnual report
「During the fiscal year, the Group recognized impairment losses on the following asset groups.」
For a distribution warehouse in Hitachiomiya, Ibaraki Prefecture, an impairment loss totaling ¥25 million was also recognized in the current fiscal year, comprising ¥19 million for buildings and structures and ¥6 million for machinery, equipment and vehicles. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, the carrying amounts of asset groups whose fair values had declined significantly were reduced to their recoverable amounts, and the resulting decrease was recognized as an impairment loss under extraordinary losses.」
For a distribution warehouse in Hitachiomiya, Ibaraki Prefecture, an impairment loss totaling ¥136 million was recognized, comprising ¥70 million for buildings and structures and ¥64 million for land, among other items. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the impact of the COVID-19 pandemic and the timing of its resolution, described in the previous fiscal year's securities report under Additional Information (Calculation of Future Cash Flows in Accounting for Impairment of Fixed Assets).」
The disclosure continues to state that there have been no material changes to the assumptions used in impairment testing, including those concerning the impact of the COVID-19 pandemic and the timing of its resolution. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the impact of the COVID-19 pandemic and the timing of its resolution, described in the previous fiscal year's securities report under Additional Information (Calculation of Future Cash Flows in Accounting for Impairment of Fixed Assets).」
The disclosure reiterates that there have been no material changes to the assumptions used in impairment testing, including those concerning the impact of the COVID-19 pandemic and the timing of its resolution. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the impact of the COVID-19 pandemic and the timing of its resolution, described in the previous fiscal year's securities report under Additional Information (Calculation of Future Cash Flows in Accounting for Impairment of Fixed Assets).」
The disclosure reiterates that there have been no material changes to the assumptions used in impairment testing, including those concerning the impact of the COVID-19 pandemic and the timing of its resolution. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the impact of the COVID-19 pandemic and the timing of its end, described in the previous fiscal year's securities report under Additional Information (Calculation of Future Cash Flows in Accounting for Impairment of Fixed Assets).」
The disclosure states that there have been no material changes to the assumptions used in impairment testing, including those concerning the impact of the COVID-19 pandemic and the timing of its end. - FY2021-Q1MaterialisedAnnual report
「In the Electrical and Piping Materials segment, the carrying amounts of land and buildings, primarily those planned for sale, were reduced to their recoverable amounts, and the resulting decrease was recognized as an impairment loss. The impairment loss recognized during the six months ended the first quarter of the current consolidated fiscal year was ¥76 million.」
The carrying amounts of land and buildings planned for sale were reduced, and an impairment loss of ¥76 million was actually recognized. - FY2020WorsenedAnnual report
「In determining whether there were indications of impairment of fixed assets and in the impairment loss recognition process, we calculated future cash flows on the assumption that the COVID-19 pandemic would begin to show signs of subsiding during the first half of the fiscal year ending March 2021, although its effects would continue into the second half. As a result, no impairment loss was recognized. The timing of the end of the COVID-19 pandemic remains uncertain. If this assumption is no longer considered likely, impairment losses on fixed assets may arise in the future.」
While no impairment loss was recognized in the current fiscal year, the disclosure newly states that future impairment losses may arise if the assumption concerning when the COVID-19 pandemic will end proves incorrect. - FY2019MitigatedAnnual report
「There were no applicable matters for the current consolidated fiscal year (from 21 March 2018 to 20 March 2019).」
While an impairment loss of ¥75 million was recognized in the previous fiscal year, no impairment loss arose in the current fiscal year. - FY2018MaterialisedAnnual report
「During the current consolidated fiscal year, in connection with the relocation of our Hiroshima Sales Office, the carrying amount of fixed assets at that office that were not expected to be used in the future was reduced to their recoverable amount. Following the decision to sell the Rakkō Warehouse, its carrying amount was also reduced to its recoverable amount, and the resulting decrease of ¥75 million was recognized as an impairment loss under extraordinary losses.」
Following the ¥570 million impairment loss associated with the commencement of operations at the Tarui Plant and the relocation of business locations in the previous fiscal year, a ¥75 million impairment loss associated with the relocation of the Hiroshima Sales Office and the decision to sell the Rakkō Warehouse was actually recognized. - FY2017MaterialisedAnnual report
「Following the commencement of operations at our Tarui Plant, we recognized an impairment loss of ¥570 million on fixed assets at the Rakkō Warehouse, which was relocated to that plant, the former head office of subsidiary 未来精工株式会社, and our Yōrō Plant, which was being relocated, where the assets were not expected to be used in the future.」
Following the commencement of operations at the Tarui Plant and the relocation of business locations, an impairment loss of ¥570 million was actually recognized on fixed assets not expected to be used in the future. - FY2016MaterialisedAnnual report
「If the fair value of assets held by the Group declines significantly or the profitability of its businesses deteriorates, impairment accounting may result in impairment losses on fixed assets, which could affect the Group's performance.」
In the previous consolidated fiscal year, impairment losses of ¥199 million were recognized on factories scheduled for closure and other assets in connection with plans to build a new plant.