Declining Profitability of Business Assets and Recognition of Impairment Losses
First written in FY2016. 21 of 21 entries say "Materialised", first in FY2016. Latest entry: FY2026.
Toyota Tsusho moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 13 of 15 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year arose mainly in the Circular Economy Division. Impairment losses for the consolidated fiscal year included ¥10,863 million in goodwill impairment recognized based on recoverable amounts in the power-generation and energy-management businesses of the Green Infrastructure Division.」
Impairment losses on property, plant and equipment were ¥16,404 million, including total goodwill impairment of ¥10,863 million recognized in the power-generation and energy-management businesses of Terrace Energy. - FY2025MaterialisedAnnual report
「Impairment losses on property, plant and equipment were ¥9,216 million and ¥2,953 million in the previous consolidated fiscal year and the current consolidated fiscal year, respectively.」
The company also recognized impairment losses on property, plant and equipment of ¥2.953 billion in the fiscal year ended March 2025, and impairment of business assets occurred in its results. - FY2025-H1MaterialisedAnnual report
「Impairment losses on property, plant and equipment － 433」
The company recognized impairment losses on property, plant and equipment of ¥433 million during the six months ended the interim period, and impairment of business assets continued to appear in its results. - FY2024MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year mainly arose because the initially anticipated earnings from assets used to produce lithium hydroxide and other assets of the Metals Division could no longer be expected due to declining market conditions and other factors. The carrying amounts of those assets were therefore reduced to their recoverable amounts.」
The company recognized impairment losses on property, plant and equipment of ¥9.216 billion because expected earnings from assets used to produce lithium hydroxide and other assets could no longer be expected amid declining market conditions. - FY2023MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year mainly arose because the initially anticipated earnings from power-generation assets and other assets of the Machinery, Energy & Plant Projects Division could no longer be expected due to a review of business plans, declining electricity sales prices and other factors. The carrying amounts of those assets were therefore reduced to their recoverable amounts. Impairment losses on property, plant and equipment were ¥15,932 million.」
Impairment losses arose on power-generation assets and other assets due to a review of business plans and lower electricity sales prices, and impairment losses on property, plant and equipment were ¥15.932 billion. - FY2023-Q3MaterialisedAnnual report
「Impairment losses on property, plant and equipment △ 2,459」
The company recognized impairment losses on property, plant and equipment of ¥2.459 billion during the nine months ended the third quarter, and impairment of business assets continued to appear in its results. - FY2023-Q2MaterialisedAnnual report
「Impairment losses on property, plant and equipment － 4」
The company recognized impairment losses on property, plant and equipment of ¥4 million during the six months ended the second quarter. - FY2022MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year mainly arose because the initially anticipated earnings from assets used in power-generation operations and other assets of the Machinery, Energy & Plant Projects Division could no longer be expected due to declining electricity sales prices and other factors. The carrying amounts of those assets were therefore reduced to their recoverable amounts.」
Impairment losses on property, plant and equipment were ¥6.398 billion, and declining profitability in power-generation assets due to lower electricity sales prices and other factors actually occurred. - FY2022-Q3MaterialisedAnnual report
「Impairment losses on property, plant and equipment △ 2,963」
The company recognized impairment losses on property, plant and equipment of ¥2.963 billion during the nine months ended the third quarter, and impairment of business assets continued to appear in its results. - FY2021MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year primarily arose from reducing to their recoverable amounts the carrying amounts of assets held in India by the Global Parts and Logistics Division and the Metals Division, because the earnings initially anticipated from those assets could no longer be expected.」
The company recognized impairment losses on property, plant and equipment of ¥1.452 billion in the fiscal year ended March 2021, and impairment due to declining profitability occurred in business assets in India. - FY2021-Q3MaterialisedAnnual report
「Impairment losses on property, plant and equipment △ 1,117」
The company recognized impairment losses on property, plant and equipment of ¥1.117 billion during the nine months ended the third quarter, and impairment of business assets continued to appear in its results. - FY2021-Q2MaterialisedAnnual report
「Impairment losses on property, plant and equipment － 1,115」
The company recognized impairment losses on property, plant and equipment of ¥1.115 billion during the six months ended the second quarter, and declining profitability and impairment risk in business assets continued to appear in its results. - FY2020MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year mainly arose because the removal of power-generation assets and other assets of the Machinery, Energy & Plant Projects Division had been confirmed. The carrying amounts of those assets were therefore reduced to their recoverable amounts.」
The company recognized impairment losses on property, plant and equipment of ¥1.478 billion, with impairment of power-generation assets and other assets arising because their removal had been confirmed. - FY2020-Q3MaterialisedAnnual report
「Quarterly profit attributable to owners of the parent was ¥14.7 billion, ¥13.2 billion, or 47.3%, below the year-earlier nine-month consolidated period, mainly due to lower handling volumes related to automobile production and impairment in the metal resources business.」
Quarterly profit in the Metals Division declined by ¥13.2 billion, or 47.3%, year on year due to impairment and other factors in the metal resources business. - FY2020-Q2MaterialisedAnnual report
「Quarterly profit attributable to owners of the parent was ¥7.5 billion, ¥9.6 billion, or 56.2%, below the year-earlier nine-month consolidated period, mainly due to impairment in the metal resources business. Quarterly profit attributable to owners of the parent was ¥79.1 billion, ¥0.5 billion, or 0.7%, above the year-earlier nine-month consolidated period. This was due mainly to higher profit from gains on the sale of shares in affiliates in the Machinery, Energy & Plant Projects Division, which more than offset the deterioration in equity-method investment gains and losses associated with impairment in the Metals Division and the Food & Lifestyle Division.」
Impairment in the metal resources business and the Food & Lifestyle Division led to deterioration in equity-method investment gains and losses, affecting reported segment profit. - FY2019MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year arose mainly in the Machinery, Energy & Plant Projects Division.」
The company recognized impairment losses on property, plant and equipment of ¥4.521 billion in the fiscal year ended March 2019, and impairment of business assets continued to occur. - FY2019-Q3MaterialisedAnnual report
「Impairment losses on property, plant and equipment △2,726」
The company recognized impairment losses on property, plant and equipment of ¥2.726 billion during the nine months ended the third quarter, and declining profitability and impairment in business assets continued to appear in its results. - FY2018MaterialisedAnnual report
「Impairment losses for the consolidated fiscal year mainly arose because the initially anticipated earnings from assets used in power-generation operations and other assets of the Machinery, Energy & Plant Projects Division could no longer be expected due to declining electricity sales prices and other factors. The carrying amounts of those assets were therefore reduced to their recoverable amounts.」
The company recognized impairment losses on property, plant and equipment of ¥23.427 billion, and declining profitability resulting from lower electricity sales prices and other factors actually occurred in power-generation assets. - FY2018-Q3MaterialisedAnnual report
「Impairment losses on property, plant and equipment △2,838」
The company recognized impairment losses on property, plant and equipment of ¥2.838 billion during the nine months ended the third quarter, with declining profitability and impairment risk in business assets continuing to appear in its results. - FY2017MaterialisedAnnual report
「Profit from operating activities was ¥133.6 billion, ¥50.7 billion, or 61.1%, above the ¥82.9 billion recorded in the previous consolidated fiscal year, mainly due to a decrease in impairment losses on property, plant and equipment.」
Impairment losses on property, plant and equipment declined from ¥7.193 billion in the previous fiscal year to ¥2.6287 billion in the current fiscal year, while impairment was recognized on iodine mining rights and goodwill related to the grain infrastructure business, among other items. - FY2016MaterialisedAnnual report
「In addition, due in part to the recognition of a one-off impairment loss as an extraordinary loss, net loss attributable to owners of the parent was ¥43.714 billion, ¥111.285 billion below the previous consolidated fiscal year, when net income attributable to owners of the parent was ¥67.571 billion.」
The company recognized an impairment loss of ¥64,859 million during the fiscal year and swung to a net loss attributable to owners of the parent. Business assets and intangible assets in Australia, Canada and India, among other locations, were subject to impairment.