Fixed-Asset Impairment and Investment Recovery Risk
First written in FY2020. 7 of 16 entries say "Restated". Latest entry: FY2026.
Jsp moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2017: 9 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026EPS business improvement alongside impairment of assets in ChinaAnnual report
「Although the profit or loss arising from the operating activities of the asset group had remained negative through the previous consolidated fiscal year, mainly due to continued increases in the procurement price of styrene monomer, its principal raw material, it turned positive in the current consolidated fiscal year, mainly as a result of appropriate sales pricing and production cost reductions. China (Guangdong Province, Dongguan) Manufacturing equipment Machinery and equipment, etc. 40」
While the impairment indicators for the EPS business have disappeared, the Company recognized ¥40 million in impairment losses on manufacturing equipment in Dongguan, China, which is scheduled for disposal and is not expected to be used. - FY2024MaterialisedAnnual report
「Current consolidated fiscal year (1 April 2023 to 31 March 2024) Brazil (São Paulo State) Factory land Land 83」
The Company recognized ¥83 million in impairment losses on the idle factory land in Brazil following a decline in its recoverable amount. - 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 developments or material changes have been reported regarding impairment of fixed assets or investment recovery risk. - FY2023MaterialisedAnnual report
「The manufacturing equipment referred to above is idle equipment. Because its recoverable amount fell below its carrying amount, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥115 million was recognized as an impairment loss.」
The Company recognized ¥115 million in impairment losses on idle manufacturing equipment in Michigan, US. - FY2023-Q3MaterialisedAnnual report
「The manufacturing equipment referred to above is idle equipment. Because its recoverable amount fell below its carrying amount, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥113 million was recognized as an impairment loss.」
The Company recognized ¥113 million in impairment losses on idle manufacturing equipment in Michigan, US, following a decline in its recoverable amount, indicating that the investment recovery risk for fixed assets has materialized as an actual loss. - FY2023-Q2MaterialisedAnnual report
「The manufacturing equipment referred to above is idle equipment. Because its recoverable amount fell below its carrying amount, the carrying amount was reduced to the recoverable amount, and the resulting decrease of ¥108 million was recognized as an impairment loss.」
The Company recognized ¥108 million in impairment losses on idle manufacturing equipment in Michigan, US, following a decline in its recoverable amount, indicating that the investment recovery risk for fixed assets has materialized as an actual loss. - 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 developments or material changes have been reported regarding impairment of fixed assets or investment recovery risk. - 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 developments or material changes have been reported regarding impairment of fixed assets or investment recovery risk. - 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 developments or material changes have been reported regarding impairment of fixed assets or investment recovery risk. - FY2021MaterialisedAnnual report
「Because the electronic-beam-crosslinked expanded polyethylene sheet business of the US consolidated subsidiary was scheduled for disposal following its planned withdrawal, the carrying amount was reduced to the recoverable amount when the latter fell below the former, and the resulting decrease of ¥219 million was recognized as an extraordinary loss under "loss on liquidation of subsidiaries."」
The Company recognized ¥219 million in impairment losses on fixed assets following its withdrawal from the US business, indicating that the investment recovery risk for fixed assets has materialized as an actual loss. - 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 developments or material changes have been reported regarding impairment of fixed assets or investment recovery risk. - 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 developments or material changes have been reported regarding impairment of fixed assets or investment recovery risk. - 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 developments or material changes have been reported regarding impairment of fixed assets or investment recovery risk. - FY2020First statedAnnual report
「Because the Group reflects the recoverability of fixed assets based on certain assumptions regarding plans and other factors, including by recognizing impairment losses in the current consolidated fiscal year following a review of plans for the electronic-beam-crosslinked expanded polyethylene sheet business of its US subsidiary, further impairment losses may arise if these assumptions need to be revised due to the spread of COVID-19 or other factors.」
The Company recognized ¥381 million in impairment losses on fixed assets during the fiscal year following a review of the US subsidiary's business plan, indicating an additional impairment risk if the assumptions underlying investment recovery are revised.