Impairment of Fixed Assets Associated with a Focus on Core Businesses
First written in FY2017-Q2. 9 of 18 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2025.
Valqua moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 9 of 15 companies on the "Worse" side.
17 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「During the consolidated fiscal year, impairment indicators were identified. In calculating the recoverable amount, the value was measured based on net selling price.」
Total impairment losses amounted to ¥432 million. Impairment burdens arose at multiple locations, including ¥291 million included in business structure improvement expenses at the Chinese subsidiary, ¥72 million in Singapore and ¥64 million at NGC in the United States and elsewhere. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, as a result of determining that the plant building needed to be rebuilt, the asset scheduled for disposal was recognized as an impairment loss of ¥193 million under extraordinary losses.」
An impairment loss of ¥193 million was incurred on the plant building of the Functional Resin Products business, increasing the impairment burden from ¥19 million in the previous year. - FY2023-Q3MitigatedAnnual report
「Impairment losses 15 －」
No impairment loss was recognized for the nine months ended the third quarter, compared with ¥15 million incurred in the same period of the previous year. - FY2023-Q2MitigatedAnnual report
「Impairment losses 15 －」
No impairment loss was recognized for the six months ended the second quarter, compared with ¥15 million incurred in the same period of the previous year. - FY2023-Q1MitigatedAnnual report
「Impairment losses 15 －」
No impairment loss was recognized for the first quarter, compared with ¥15 million incurred in the same period of the previous year. - FY2022MitigatedAnnual report
「During the consolidated fiscal year, as a result of changing how fixed assets were used in response to changes in market conditions, assets scheduled for disposal and idle assets whose fair value had declined were reduced to their recoverable amounts. The ¥19 million reduction was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥19 million was incurred on assets scheduled for disposal and idle assets at sales offices and elsewhere, down from ¥54 million in the previous year. - FY2022-Q3MaterialisedAnnual report
「For fixed assets in the Sealing Products business segment that were scheduled for disposal following the closure of a sales office, the carrying amount was reduced by ¥2 million to the recoverable amount during the third quarter of the current consolidated fiscal year. The ¥49 million in impairment losses recognized through the nine months ended the third quarter, including this loss, was recognized as an extraordinary loss」
An additional ¥2 million impairment loss was incurred on fixed assets scheduled for disposal following the closure of a sales office, bringing the impairment loss for the nine months ended the third quarter to ¥49 million. - FY2022-Q1MaterialisedAnnual report
「For fixed assets in the Sealing Products business segment that were scheduled for disposal following the closure of a sales office, the carrying amount was reduced by ¥15 million to the recoverable amount during the first quarter of the current consolidated fiscal year. The ¥15 million was recognized as an extraordinary loss.」
An impairment loss of ¥15 million was incurred on fixed assets scheduled for disposal following the closure of a sales office and was recognized as an extraordinary loss. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, as a result of changing how fixed assets were used in response to changes in market conditions, assets scheduled for disposal were reduced to their recoverable amounts. The ¥54 million reduction was recognized as an impairment loss under extraordinary losses.」
Impairment losses totaling ¥54 million were incurred during the full year on assets scheduled for disposal in Taiwan, China and sales offices. - FY2021-Q3MaterialisedAnnual report
「For fixed assets in the Sealing Products business segment that were scheduled for disposal following the closure of a sales office, the carrying amount was reduced by ¥2 million to the recoverable amount during the third quarter of the current consolidated fiscal year.」
A new ¥2 million impairment loss was incurred on fixed assets scheduled for disposal following the closure of a sales office, bringing the impairment loss for the nine months ended the third quarter to ¥49 million. - FY2021-Q2MaterialisedAnnual report
「The carrying amounts of fixed assets scheduled for disposal due to the construction of a new plant were reduced to their recoverable amounts. The resulting impairment loss of ¥47 million was recognized as an extraordinary loss for the six months ended the second quarter, comprising ¥36 million for the Sealing Products business and ¥10 million for the Functional Resin Products business.」
An impairment loss of ¥47 million was actually incurred on fixed assets scheduled for disposal due to the construction of a new plant and was recognized as an extraordinary loss. - FY2019-Q3MitigatedAnnual report
「Impairment loss 59 -」
No impairment loss on fixed assets was recognized for the nine months ended the third quarter, down from ¥59 million in the same period of the previous year. - FY2019-Q2MitigatedAnnual report
「Six months ended the second quarter of the current consolidated fiscal year (1 April 2018 to 30 September 2018) (Material impairment loss on fixed assets) Not applicable.」
For the six months ended the second quarter, no material impairment loss on fixed assets was reported, and the ¥59 million impairment loss incurred in the same period of the previous year did not recur. - FY2018-Q3RestatedAnnual report
「Impairment loss 285 59」
An impairment loss of ¥59 million was also recognized for the nine months ended the third quarter. This was down from ¥285 million in the same period of the previous year, with no additional new loss reported. - FY2018-Q2MaterialisedAnnual report
「Impairment loss 285 59」
An impairment loss of ¥59 million on fixed assets was recognized for the six months ended the second quarter, indicating that impairment related to portfolio selection and concentration was incurred during the period. - FY2017RestatedAnnual report
「During the consolidated fiscal year, the carrying amounts of idle assets not used in the business and belonging to asset groups whose fair value had declined significantly were reduced to their recoverable amounts, and the ¥285 million reduction was recognized as an impairment loss under extraordinary losses.」
Confirmed that an impairment loss of ¥285 million was recognized for the full year on idle assets following the business reallocation associated with portfolio selection and concentration. - FY2017-Q3RestatedAnnual report
「Impairment loss - 285」
An impairment loss of ¥285 million was also recognized for the nine months ended the third quarter, but no new additional loss was reported. - FY2017-Q2MaterialisedAnnual report
「As a result of recognizing ¥285 million in impairment losses on fixed assets in connection with promoting portfolio selection and concentration, quarterly net income attributable to owners of the parent was ¥857 million, down 21.1% year on year.」
The ¥285 million impairment loss on fixed assets associated with portfolio selection and concentration was actually incurred and reduced quarterly net income attributable to owners of the parent.