Losses and impairment losses on equipment related to new business development operations
First written in FY2016. 5 of 7 entries say "Materialised", first in FY2016. Latest entry: FY2026.
Shin-Etsu Polymer moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Other".
- FY2026Impairment charges continue, albeit at a lower levelAnnual report
「The carrying amounts of manufacturing equipment for the Residential Environment and Lifestyle Materials business were reduced to their recoverable amounts because operating income and loss generated by operating activities remained negative and a recovery in performance was not expected in the short term. The reductions were recognized as impairment charges.」
Impairment related to continued operating losses in the Residential Environment and Lifestyle Materials business continued. Total impairment charges decreased from ¥228 million in the previous year to ¥51 million. - FY2024-Q2MaterialisedAnnual report
「Impairment charges 62」
Impairment charges of ¥62 million were recorded during the six-month period of the second quarter of the current fiscal year, indicating that impairment risks related to equipment and businesses continue to materialize. - FY2023WorsenedAnnual report
「Regarding goodwill and other intangible assets classified as Other arising from the acquisition of Kitchenista Co., Ltd., a consolidated subsidiary that manufactures and sells wrapping film for food packaging, the company reviewed its business plan during the consolidated fiscal year because the subsidiary's performance had remained below the initially projected plan. As a result, excess earning power was no longer expected, so the carrying amounts were reduced to their recoverable amounts, with the reductions recorded as impairment charges.」
Impairment charges increased from ¥744 million in the previous year to ¥1,616 million. Impairment of ¥1,338 million related to Kitchenista's goodwill and other assets materialized because performance fell below the initial plan and excess earning power was no longer expected. - FY2022MaterialisedAnnual report
「The carrying amounts of manufacturing equipment for the Residential Environment and Lifestyle Materials business were reduced to their recoverable amounts because operating income and loss generated by operating activities remained negative and a recovery in performance was not expected in the short term due to factors including higher raw material prices. The reductions were recognized as impairment charges. For manufacturing equipment used in the precision-molded products business in Hungary, the carrying amounts were reduced to their recoverable amounts after a review of future earnings prompted by delays in the business plan, and the reductions were recognized as impairment charges.」
Impairment charges of ¥744 million were recorded on the Residential Environment and Lifestyle Materials business, the precision-molded products business in Hungary, and idle assets. Delays in business plans and continued operating losses have materialized as equipment impairment. - FY2017MaterialisedAnnual report
「Because the equipment used in the electronic devices-related business of our consolidated subsidiary Suzhou Shin-Etsu Polymer Co., Ltd. has continued to generate operating losses, the carrying amounts of the respective asset groups were reduced to their recoverable amounts, with the reductions recorded as impairment charges in cost of sales.」
Impairment charges of ¥224 million were recorded on electronic devices-related equipment at Suzhou Shin-Etsu Polymer Co., Ltd., and ¥539 million was recorded for the group as a whole, including equipment related to new business development activities. - FY2017-Q3MaterialisedAnnual report
「In the Electronic Devices segment, impairment charges related to Suzhou Shin-Etsu Polymer Co., Ltd., an overseas subsidiary, were recorded as operating expenses in the quarterly consolidated income statement.」
Impairment charges were incurred at Suzhou Shin-Etsu Polymer Co., Ltd. and recorded as operating expenses. The amount was not disclosed. - FY2016MaterialisedAnnual report
「New business development activities not included in the reportable segments are included in Other. As a result, revenue in Other was ¥6,522 million, up 13.4% from the previous consolidated fiscal year, and the segment loss (operating loss) was ¥740 million, compared with a segment loss (operating loss) of ¥115 million in the previous consolidated fiscal year.」
Other, which includes new business development activities, incurred an operating loss of ¥740 million, and the document also reports impairment charges on related equipment.