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GSI Creos (8101) · FactImpairment loss shifted from goodwill and land to idle software

Impairment loss on fixed assets in the industrial products business

First written in FY2021-Q2. . Latest entry: FY2026.

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7years
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ProgressHeldSoftenedWorseOtherFY2021-Q2 – FY20262020: 12021: 020212022: 120222023: 120232024: 020242025: 120252026: 12026
Same theme, other companies
Impairment Losses on Fixed Assets of the Industrial Products-Related Business and Other AssetsA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

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  1. FY2026Impairment loss shifted from goodwill and land to idle softwareAnnual report

    「The carrying amount of idle assets was written down to their recoverable amount, and the resulting decrease was recognized as an impairment loss of ¥134 million (other intangible fixed assets) under extraordinary losses.」

    The assets and nature of the impairment changed from goodwill and other assets at a Chinese subsidiary in the previous fiscal year to ¥134 million of impairment on idle software in Osaka Prefecture in the current fiscal year.
  2. FY2025Impairment of goodwill at a Chinese subsidiary and operating landAnnual report

    「As a result, because the excess earning power initially anticipated for the goodwill associated with the consolidated subsidiary GSI Creos Technology Co.,Ltd. was no longer expected, the entire unamortized balance of the goodwill, ¥250 million, was recognized as an impairment loss under extraordinary losses.」

    Following the ¥491 million impairment loss in the previous fiscal year, the company recognized ¥250 million for goodwill at a Chinese subsidiary and ¥25 million for operating land with deteriorating profitability, for a total of ¥276 million in the current fiscal year.
  3. FY2023Impairment losses increased and expanded to operating assetsAnnual report

    「The carrying amount of operating assets with deteriorating profitability was written down to their recoverable amount, and the resulting decrease was recognized as an impairment loss of ¥61 million (land: ¥28 million; buildings: ¥33 million) under extraordinary losses.」

    The company recognized a ¥61 million impairment loss during the current fiscal year on land and buildings used in the business whose profitability had deteriorated, compared with the ¥15 million impairment loss on idle land in the previous fiscal year.
  4. FY2022Changes in the assets subject to and the amount of impairment lossesAnnual report

    「As a result, the carrying amount of idle assets whose market value had declined was written down to their recoverable amount, and the resulting decrease was recognized as an impairment loss of ¥15 million (land: ¥15 million) under extraordinary losses.」

    The company recognized a ¥15 million impairment loss on idle land in Sagamihara, Kanagawa Prefecture, during the current fiscal year. The assets subject to impairment and the amount changed from the ¥328 million impairment loss centered on the industrial products-related business in the previous fiscal year.
  5. FY2021-Q2First statedAnnual report

    「(Material impairment loss on fixed assets) Impairment loss - 317 11 328」

    The company recognized an impairment loss on fixed assets of ¥328 million during the six-month period ended 30 September, comprising ¥317 million in the industrial products-related business and ¥11 million in corporate and eliminations.
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Impairment loss on fixed assets in the industrial products business | GSI Creos Corporation (8101) | Komori