Risk of inventory write-downs on materials and supplies for biomass power generation facilities
First written in FY2019-Q2. 2 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2023: 3 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「During the current consolidated fiscal year, we were able to substantially complete the restructuring of unprofitable businesses in which we had invested in the past without producing results, an initiative pursued since the previous consolidated fiscal year. These businesses included the renewable energy-related business operated by ZEエナジー, the overseas financial instruments trading business operated by PJB, and overseas investment projects of Traders Investment, among others.」
The restructuring of unprofitable businesses, including the ZEエナジー-related business that gave rise to the impairment loss on materials and supplies, is nearly complete, reducing our group's direct exposure to similar impairment loss risks. - FY2022-Q3RestatedAnnual report
「During the consolidated cumulative third quarter period under review, there were no material additions or changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no significant additions or changes regarding the risk of impairment losses on materials and supplies for biomass power generation equipment. - FY2021-Q3RestatedAnnual report
「During the consolidated cumulative third quarter period under review, there were no material additions or changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no significant additions or changes regarding the risk of impairment losses on materials and supplies for biomass power generation equipment. - FY2019-Q3MaterialisedAnnual report
「ZEエナジー recorded an inventory valuation loss of ¥479.974 million on materials and supplies.」
The materials and supplies removed from and stored after the Azumino project met the conditions for a full write-off, and an inventory write-down of ¥479.974 million was recognized. - FY2019-Q2First statedAnnual report
「In addition, for materials and supplies consisting of equipment, parts and other items from the power generation equipment that ZEエナジー removed from the Azumino Biomass Energy Center (the Azumino project) in August 2017 and has kept in storage (¥488.660 million as of 30 September 2018), the company plans to write off the entire amount from assets and recognize it as an expense or loss at the end of the third quarter of the fiscal year ending March 2019 (end of December 2018) or at the end of that fiscal year (end of March 2019) if a sales contract for a new project committed to using the stored items cannot be executed by the end of December 2018 or, subject to conditions, by the end of March 2019, or if the company cannot confirm that the power generation equipment at the Mogamimachi Satoyama Power Plant can operate continuously on a profitable basis.」
Newly discloses as a risk the policy of recognizing the full ¥488.660 million of materials and supplies removed from the Azumino project as expenses and losses if a contract for a new project cannot be executed or continuous profitable operation of the Mogamimachi Satoyama Power Plant cannot be confirmed.