Risk of delayed recovery of capital investment due to changes in market conditions
First written in FY2020. 10 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 5 of 21 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Income or loss from operating activities generated by the relevant asset group had remained negative through the previous fiscal year, mainly because procurement prices for styrene monomer, its principal raw material, continued to rise. It turned positive in the current fiscal year, mainly as a result of appropriate sales-price revisions and production-cost reductions. In addition, because income or loss from operating activities from the following fiscal year onward is expected to remain positive, we determined that there was no indication of impairment.」
In the EPS business, operating income or loss turned positive through appropriate sales-price revisions and production-cost reductions, and the company determined that there was no indication of impairment, indicating progress in addressing the risk of recovering capital investment. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2023WorsenedAnnual report
「During the fiscal year, we identified an indication of impairment because income or loss from operating activities generated by the relevant asset group had remained negative.」
Operating income or loss in the EPS business remained negative, resulting in the identification of an indication of impairment of property, plant and equipment. Because undiscounted future cash flows exceeded the carrying amount, the company determined that impairment recognition was unnecessary for the fiscal year. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2021RestatedAnnual report
「We made capacity-expansion investments in these business areas during the previous medium-term management plan. Under the current medium-term management plan, we will take measures to recover those investments, but changes in market conditions resulting from various factors, including demand, economic conditions, technological trends and revisions to laws and regulations, may prevent recovery from progressing as planned.」
The company remains in the stage of recovering capacity-expansion investments, and the risk that changes in market conditions could delay recovery continues. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No new risks or material changes have been identified regarding the risk of delayed recovery of capital investment due to changes in market conditions. - FY2020First statedAnnual report
「We regard the period from fiscal 2020 onward as the stage for fully recovering this capital investment. However, changes in market conditions resulting from various factors, including demand, economic conditions, technological trends and revisions to laws and regulations, may prevent recovery from progressing as planned.」
The company has entered the stage of recovering capacity-expansion investments in its 3 existing businesses and has newly identified the risk that changes in market conditions could prevent recovery as planned.