Impairment of fixed assets due to unprofitable assets and declining market prices
First written in FY2017. 7 of 11 entries say "Materialised", first in FY2017. Latest entry: FY2026.
Nichiha moved to the "Worse" side of this theme in 2017, 1 year after the typical company in this theme (2016).
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「With respect to Nichiha USA, Inc., a consolidated subsidiary in the United States, the company decided to withdraw from the market as stated in the announcement published on 6 October 2025, "Withdrawal of Consolidated Subsidiary Nichiha USA, Inc. from the General-Purpose Exterior Materials Business for the Housing Market." Accordingly, the carrying amount of the asset group was reduced to its recoverable amount, and the resulting reduction of ¥2,164 million was recognized as an impairment loss under extraordinary losses.」
Following the decision to exit the general-purpose exterior materials business for the U.S. housing market, the Company recorded an impairment loss of ¥2,164 million on U.S. assets and ¥177 million on a domestic consolidated subsidiary, for a total of ¥2,342 million. - FY2025-H1No impairment loss was recorded for the interim period.Annual report
「No applicable items.」
No material impairment loss on fixed assets was recognized in the segment information for the interim period. - FY2024MaterialisedAnnual report
「Among these asset groups, the carrying amounts of fixed assets were reduced to their recoverable amounts for asset groups whose operating results had remained negative during the consolidated fiscal year, because recovery of the invested amounts was no longer expected. The resulting amount of ¥379 million was recognized as an impairment loss under extraordinary losses.」
Impairment losses of ¥379 million were recognized on polyurethane insulation panel manufacturing equipment in Ishikari, Hokkaido, and elsewhere, and ceramic-based exterior wall-material manufacturing equipment in Yatsushiro, Kumamoto Prefecture, and elsewhere, against a backdrop of continuing losses. - FY2024-Q2MaterialisedAnnual report
「An impairment loss on fixed assets of ¥279 million was recognized in the Other segment.」
An impairment loss on fixed assets of ¥279 million was recognized in the Other segment, and the risk of impairment of fixed assets materialized as an actual loss during the quarter. - FY2023MaterialisedAnnual report
「Among these asset groups, the carrying amounts of fixed assets were reduced to their recoverable amounts for asset groups that were no longer expected to be used in the future. The resulting reduction of ¥11 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss on fixed assets of ¥11 million was recognized on company housing in Shimonoseki because it was no longer expected to be used in the future. - FY2022-Q1No impairment loss in the current cumulative quarterAnnual report
「No applicable items.」
According to segment information, no impairment loss on fixed assets was recognized during the cumulative first quarter period. - FY2021MaterialisedAnnual report
「Among these asset groups, the carrying amounts of fixed assets were reduced to their recoverable amounts for asset groups where changes had significantly reduced recoverable amounts, because recovery of the invested amounts was no longer expected. The resulting reduction was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥1,111 million was recognized on fiberboard manufacturing equipment and other assets in Nagoya, where future cash flows became negative. - FY2019No Impairment Loss in the Current PeriodAnnual report
「There were no applicable matters for the consolidated fiscal year from 1 April 2018 to 31 March 2019.」
No new impairment loss was recognized during the current fiscal year on the polyurethane insulation panel manufacturing equipment and other assets for which an impairment loss was recognized in the previous fiscal year. - FY2018MaterialisedAnnual report
「Among these asset groups, the carrying amounts of fixed assets were reduced to their recoverable amounts for asset groups whose operating results had remained negative during the consolidated fiscal year, because recovery of the invested amounts was no longer expected. The resulting amounts were recognized as impairment losses under extraordinary losses.」
An impairment loss of ¥147 million was recognized on polyurethane insulation panel manufacturing equipment and other assets in Sapporo, Hokkaido, and elsewhere, against a backdrop of continuing losses. - FY2018-Q3No impairment loss in the current cumulative quarterAnnual report
「Profit attributable to owners of the parent increased to ¥7,873 million, up ¥471 million, or 6.4%, partly because the impairment losses recognized in the same period of the previous year were no longer incurred.」
While impairment losses of ¥158 million were recognized in the same period of the previous year, no impairment losses were recognized in the cumulative third quarter period. There is no disclosure that the risk of impairment of fixed assets newly materialized during the cumulative period. - FY2017MaterialisedAnnual report
「Among these asset groups, the carrying amounts of fixed assets were reduced to their recoverable amounts for asset groups whose operating results had remained negative during the consolidated fiscal year, whose market prices had declined significantly, or for which changes had significantly reduced recoverable amounts, because recovery of the invested amounts was no longer expected. The resulting amounts were recognized as impairment losses under extraordinary losses.」
Impairment losses totaling ¥191 million were recognized on asset groups in Tsu, Mie Prefecture, Morioka, Iwate Prefecture, Sapporo, Hokkaido, and elsewhere, against a backdrop of continuing losses and declining market prices.