Impairment of Fixed Assets Due to Declining Profitability and Changes in Market Conditions
First written in FY2016. 14 of 25 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
- FY2025MaterialisedAnnual report
「To improve the earnings structure of the hog production business in southern Kyushu, we changed the production systems of 株式会社雲仙有明ファーム, an unconsolidated subsidiary, and 彩ファーム株式会社, an equity-method non-affiliate. As a result, both companies recognized impairment losses on fixed assets.」
As a response to declining profitability, the hog production systems in southern Kyushu were changed, resulting in impairment losses on fixed assets at affiliated companies. In connection with this, ¥592 million was recognized as a cost of improving the production business structure. - FY2024MitigatedAnnual report
「For the consolidated fiscal year (from 1 April 2023 to 31 March 2024), there were no applicable items.」
Impairment losses for the current consolidated fiscal year were zero, down from ¥42 million in the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「Impairment loss: 13 —」
Impairment losses decreased from ¥13 million for the cumulative period through the same quarter of the previous year to ¥0 million for the cumulative period through the second quarter of the current consolidated fiscal year, and no loss was recognized in the current quarter. - FY2024-Q1MitigatedAnnual report
「Impairment losses ¥5 million -」
Impairment losses decreased from ¥5 million for the cumulative period through the same quarter of the previous year to ¥0 million for the cumulative period through the first quarter of the current fiscal year. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, the carrying amounts of business-use assets with declining profitability and idle assets were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses.」
Full-year impairment losses decreased from ¥483 million in the previous fiscal year to ¥42 million. Although King Foods has impairment indicators due to operating losses for 2 consecutive periods, no impairment loss has been recognized because undiscounted future cash flows exceed the carrying amount. - FY2023-Q3WorsenedAnnual report
「Impairment losses ¥12 million ¥17 million」
Impairment losses increased from ¥12 million for the cumulative period through the same quarter of the previous year to ¥17 million for the cumulative period through the third quarter of the current consolidated fiscal year, indicating that the fixed-asset impairment risk has increased in realized terms. - FY2023-Q2WorsenedAnnual report
「Impairment losses ¥8 million ¥13 million」
Impairment losses increased from ¥8 million for the cumulative period through the same quarter of the previous year to ¥13 million for the cumulative period through the second quarter of the current fiscal year, indicating that the fixed-asset impairment risk has increased in realized terms. - FY2023-Q1MaterialisedAnnual report
「Impairment losses ¥0 million ¥5 million」
The fixed-asset impairment risk materialized as ¥5 million of impairment losses in the first quarter of the current fiscal year. The amount was ¥0 million in the same quarter of the previous year. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, the carrying amounts of business-use assets with declining profitability and idle assets were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses.」
Impairment losses increased from ¥80 million in the previous fiscal year to ¥483 million. By component, ¥465 million of impairment losses was recognized on the farm operated by ホクサツえびのファーム. - FY2022-Q3MitigatedAnnual report
「Impairment losses ¥20 million ¥12 million」
Impairment losses decreased from ¥20 million for the cumulative period through the same quarter of the previous year to ¥12 million for the cumulative period through the third quarter of the current fiscal year. The fixed-asset impairment risk remains, but the amount of the loss has declined. - FY2022-Q2MitigatedAnnual report
「Impairment losses ¥16 million ¥8 million」
Impairment losses decreased from ¥16 million for the cumulative period through the same quarter of the previous year to ¥8 million for the cumulative period through the second quarter of the current consolidated fiscal year. The fixed-asset impairment risk remains, but the amount of the loss has declined. - FY2022-Q1MitigatedAnnual report
「Impairment losses ¥14 million ¥0 million」
Impairment losses decreased from ¥14 million for the cumulative period through the same quarter of the previous year to ¥0 million for the cumulative period through the first quarter of the current consolidated fiscal year. - FY2021MitigatedAnnual report
「During the current consolidated fiscal year, the carrying amounts of business-use assets with declining profitability and idle assets were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses.」
Impairment losses decreased from ¥1,772 million in the previous fiscal year to ¥80 million. Meanwhile, impairment indicators arising from continuing operating losses and other factors have emerged at ニックフーズ, so the possibility of future impairment remains. - FY2021-Q3MitigatedAnnual report
「Impairment losses ¥780 million ¥20 million」
Impairment losses decreased from ¥780 million for the cumulative period through the same quarter of the previous year to ¥20 million for the cumulative period through the third quarter of the current consolidated fiscal year. The fixed-asset impairment risk has materialized, but the amount of the loss has declined. - FY2021-Q2MitigatedAnnual report
「Impairment losses ¥47 million ¥16 million」
Impairment losses decreased from ¥47 million for the cumulative period through the same quarter of the previous year to ¥16 million, but the fixed-asset impairment risk continues to materialize. - FY2021-Q1WorsenedAnnual report
「Impairment losses ¥0 million ¥14 million」
Impairment losses increased from ¥0 million for the cumulative period through the same quarter of the previous year to ¥14 million for the cumulative period through the first quarter of the current consolidated fiscal year, with the fixed-asset impairment risk materializing again. - FY2020-Q3WorsenedAnnual report
「Net income attributable to owners of the parent decreased to ¥2,732 million, down 24.7% year on year, due in part to the recognition of impairment losses at the hamburger plant in addition to the items described above.」
Impairment losses at the hamburger plant were explicitly identified as a factor reducing quarterly net income, increasing the impact of the fixed-asset impairment risk. Impairment losses recognized on the income statement were ¥780 million. - FY2020-Q2MaterialisedAnnual report
「Impairment losses ¥0 million ¥47 million」
Impairment losses increased from ¥0 million for the cumulative period through the same quarter of the previous year to ¥47 million for the cumulative period through the second quarter of the current consolidated fiscal year, indicating that the risk of fixed-asset impairment has materialized. - FY2019MitigatedAnnual report
「During the current consolidated fiscal year, business-use assets with declining profitability and idle assets whose market value had fallen below their carrying amounts were written down to their recoverable amounts,」
Impairment losses for the current consolidated fiscal year were ¥0 million, down from ¥10 million in the previous fiscal year. - FY2019-Q1MitigatedAnnual report
「Impairment losses ¥0 million ¥0 million」
Impairment losses were ¥0 million in the first quarter of the current fiscal year, the same as in the same quarter of the previous year. - FY2018-Q3MitigatedAnnual report
「Impairment losses ¥69 million ¥10 million」
The risk of fixed-asset impairment materialized, but impairment losses decreased from ¥69 million in the same quarter of the previous year to ¥10 million for the nine-month period of the current consolidated fiscal year. - FY2018-Q1MitigatedAnnual report
「Impairment losses ¥13 million ¥0 million」
Impairment losses related to the risk of fixed-asset impairment were ¥0 million for the three-month period of the current first quarter, compared with ¥13 million in the same quarter of the previous year. - FY2017-Q3WorsenedAnnual report
「Impairment losses ¥4 million ¥69 million」
The risk of fixed-asset impairment materialized, and impairment losses increased from ¥4 million in the same quarter of the previous year to ¥69 million for the nine-month period of the current consolidated fiscal year. - FY2017-Q1MaterialisedAnnual report
「Impairment losses ¥4 million ¥13 million」
Impairment losses related to the risk of fixed-asset impairment were recognized at ¥13 million in the current quarter, compared with ¥4 million in the same quarter of the previous year. - FY2016First statedAnnual report
「The Group may recognize impairment losses if the value of its fixed assets declines because economic conditions or the market environment change unexpectedly and the expected returns cannot be obtained, among other factors.」
The possibility of impairment when asset values decline is identified as a risk. Impairment losses for the current fiscal year were ¥4 million.