Impairment of Fixed Assets Due to Delays in the Vietnam Site’s Sales Plan
First written in FY2020. 1 of 2 entries say "Materialised", first in FY2020. Latest entry: FY2021.
Takashima & moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 7 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2021WorsenedAnnual report
「At iTak International(Vietnam)Co.,Ltd., an operating loss has arisen due to delays in progress against the originally projected sales plan. As we determined that recovery of the investment could not be expected, we recognized an impairment loss on business-use assets down to their recoverable amount.」
Delays in the sales plan and operating losses continued at the Vietnam base, and an additional impairment loss of ¥36 million was recognized in the current consolidated fiscal year. This followed the ¥88 million recognized in the previous fiscal year. - FY2020MaterialisedAnnual report
「At iTak International(Vietnam)Co.,Ltd., an operating loss has arisen due to delays in progress against the originally projected sales plan. As we determined that recovery of the investment could not be expected, we recognized an impairment loss on business-use assets down to their recoverable amount.」
The Vietnam base experienced delays in progress against its sales plan and an operating loss, and recognized an impairment loss of ¥88 million on fixed assets on the grounds that recovery of the investment could not be expected.