Impairment Losses Associated with the Decision to Sell Vessels
First written in FY2017-Q3. 21 of 33 entries say "Materialised", first in FY2017-Q3. Latest entry: 2026-10-28.
Meiji Shipping Group moved to the "Worse" side of this theme in 2017, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 6 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In addition, gains on the sale of 4 vessels held by consolidated subsidiaries, amounting to ¥10,197 million, were recorded as extraordinary gains.」
Regarding the vessel sales indicated after the end of the previous fiscal year, gains of ¥10,197 million on the sale of 4 vessels were actually recorded during the current fiscal year. - FY2026-H1MaterialisedAnnual report
「In addition, gains on the sale of 3 vessels held by consolidated subsidiaries, amounting to ¥9,184 million, were recorded as extraordinary gains.」
Regarding the vessel sales indicated after the end of the previous fiscal year, gains of ¥9,184 million on the sale of 3 vessels were actually recorded as extraordinary gains during the interim period. - FY2025AdvancedAnnual report
「At one consolidated subsidiary of the Company, a Panama-based company with a December year-end, one owned vessel was sold after the subsidiary's year-end. As a result, a gain on the vessel sale of approximately ¥6.4 billion will be recorded as an extraordinary gain in the next consolidated fiscal year, the fiscal year ending March 2026, with an expected impact of approximately ¥1.9 billion on net income attributable to owners of the parent.」
After the fiscal year-end, the sale of 3 vessels was completed and the sale of 1 vessel was decided. In the fiscal year ending March 2026, total gains on vessel sales of approximately ¥9.8 billion and a total impact of approximately ¥3.2 billion on net income attributable to owners of the parent are expected. - FY2025-H1AdvancedAnnual report
「At one consolidated subsidiary of the Company, a Panama-based company with a December year-end, the sale of one owned vessel was decided after the end of its interim period. As a result, a gain on the vessel sale of approximately ¥5.5 billion will be recorded as an extraordinary gain in the next consolidated fiscal year, the fiscal year ending March 2026, with an expected impact of approximately ¥1.6 billion on net income attributable to owners of the parent.」
The sale of 1 additional vessel was decided, and the Company indicated that a gain on the vessel sale of approximately ¥5.5 billion and an expected impact of approximately ¥1.6 billion on net income attributable to owners of the parent are expected in the fiscal year ending March 2026. - FY2024MaterialisedAnnual report
「In addition, a gain on the sale of five vessels owned by consolidated subsidiaries of the Company of ¥7,191 million was recorded as an extraordinary gain.」
Regarding the vessel sales indicated through the quarter, gains of ¥7,191 million on the sale of 5 vessels were recorded as extraordinary gains for the full year. The equipment disclosure stated that 2 tankers, 1 LPG carrier and 2 bulk carriers were sold. - FY2024-Q3MaterialisedAnnual report
「In addition, a gain on the sale of two vessels owned by a consolidated subsidiary of the Company of ¥1,794 million was recorded as an extraordinary gain.」
A gain of ¥1,794 million on the sale of 2 vessels was actually recorded as an extraordinary gain. In addition, delivery following the sale of 3 vessels was completed after the quarter-end, and the Company indicated that total gains on vessel sales of approximately ¥5.4 billion are expected to be recorded in the fourth quarter of the fiscal year ending March 2024. - FY2024-Q2MaterialisedAnnual report
「In addition, a gain on the sale of one vessel owned by a consolidated subsidiary of the Company of ¥1,317 million was recorded as an extraordinary gain.」
Delivery following the sale of 1 vessel was completed, and a gain on the vessel sale of ¥1,317 million was actually recorded. In addition, the sale or sale decision for 4 vessels was reported after the quarter-end, indicating the possibility of recording further gains on vessel sales. - FY2024-Q1MaterialisedAnnual report
「In addition, a gain on the sale of one vessel owned by a consolidated subsidiary of the Company of ¥1,213 million was recorded as an extraordinary gain.」
Delivery following the sale of 1 vessel was completed, and a gain on the vessel sale of ¥1,213 million was actually recorded as an extraordinary gain. - FY2023MaterialisedAnnual report
「In addition, a gain on the sale of three vessels owned by consolidated subsidiaries of the Company of ¥7,466 million was recorded as an extraordinary gain.」
Regarding the vessel sales indicated through the third quarter, gains of ¥7,466 million on the sale of 3 vessels were recorded as extraordinary gains for the full year. - FY2023-Q3AdvancedAnnual report
「At one consolidated subsidiary, a Netherlands-based company with a December year-end, one owned vessel was sold after the end of its third quarter. As a result, an extraordinary gain will be recorded in the next consolidated fiscal year, the first-quarter consolidated accounting period of the fiscal year ending March 2024, with an expected impact of approximately ¥500 million on net income attributable to owners of the parent.」
In addition to the gains on vessel sales already recorded, the sale of one newly identified owned vessel was completed. An extraordinary gain will be recorded in the next consolidated fiscal year, with an expected impact of approximately ¥500 million on net income attributable to owners of the parent. - FY2023-Q2MaterialisedAnnual report
「In addition, a gain on the sale of three vessels owned by consolidated subsidiaries of the Company of ¥7,484 million was recorded as an extraordinary gain.」
Delivery following the sale of the 3 vessels that were scheduled to be sold at the end of the previous consolidated fiscal year was completed, and a gain on their sale of ¥7,484 million was actually recorded as an extraordinary gain. - FY2023-Q1MaterialisedAnnual report
「In addition, a gain on the sale of one vessel owned by a consolidated subsidiary of the Company of ¥656 million was recorded as an extraordinary gain.」
A gain of ¥656 million on the sale of 1 vessel was actually recorded as an extraordinary gain. - FY2022MaterialisedAnnual report
「In addition, a gain on the sale of three vessels owned by consolidated subsidiaries of the Company of ¥2,616 million was recorded as an extraordinary gain.」
Regarding the vessel sales described through the previous quarter as decided or expected, gains of ¥2,616 million on the sale of 3 vessels were actually recorded for the full year. The focus shifted from recording vessel impairment losses in the previous fiscal year to recording gains on vessel sales. - FY2022-Q3AdvancedAnnual report
「Regarding the sale of two vessels owned by a consolidated subsidiary of the Company, a Netherlands-based company with a December year-end, which was described as a significant subsequent event in the quarterly report for the second quarter of the fiscal year ending March 2022, delivery of both vessels was completed in November 2021. As a result, an extraordinary gain will be recorded in the fourth-quarter consolidated accounting period of the fiscal year ending March 2022, with an expected impact of approximately ¥1.1 billion on net income attributable to owners of the parent. At one consolidated subsidiary, a Netherlands-based company with a December year-end, the sale of one owned vessel was decided after the end of its third quarter. As a result, an extraordinary gain will be recorded in the first-quarter consolidated accounting period of the fiscal year ending March 2023, with an expected impact of approximately ¥200 million on net income attributable to owners of the parent. At one consolidated subsidiary, a Singapore-based company with a December year-end, the sale of one owned vessel was decided after the end of its third quarter. As a result, an extraordinary gain will be recorded in either the first- or second-quarter consolidated accounting period of the fiscal year ending March 2023, with an expected impact of approximately ¥1.1 billion on net income attributable to owners of the parent.」
Delivery of the two vessels whose sale had been decided in the previous quarter was completed in November 2021. An extraordinary gain of approximately ¥1.1 billion is expected to be recorded in the fourth quarter. In addition, the sale of two other vessels was decided, and the Company indicated that total extraordinary gains of approximately ¥1.3 billion are expected to be recorded in the fiscal year ending March 2023. - FY2022-Q2MaterialisedAnnual report
「In addition, a gain on the sale of one vessel owned by a consolidated subsidiary of the Company of ¥35 million was recorded as an extraordinary gain.」
Regarding the vessel-sale theme, a gain of ¥35 million on the sale of one vessel was actually recorded during the quarter. In addition, following the decision to sell two owned vessels after the quarter-end, the Company indicated that an extraordinary gain of approximately ¥2.3 billion is expected to be recorded. - FY2022-Q1MaterialisedAnnual report
「Gain on sale of vessels — 35,487」
A gain on the sale of vessels of ¥35.487 million was recorded as an extraordinary gain during the quarter. - FY2021-Q3MaterialisedAnnual report
「In addition, extraordinary items included a ¥751 million gain on the sale of 2 vessels owned by a consolidated subsidiary, a ¥292 million impairment loss on 1 vessel, a ¥582 million gain on the recognition of negative goodwill resulting from making an equity-method affiliate a consolidated subsidiary, and a ¥455 million loss on step acquisitions.」
A ¥751 million gain on the sale of 2 vessels and a ¥292 million impairment loss on another vessel were actually recorded. Vessel sale and impairment events materialised again as extraordinary items during the quarter. - FY2021-Q2MaterialisedAnnual report
「In addition, extraordinary items included a ¥436 million gain on the sale of 1 vessel owned by a consolidated subsidiary, a ¥292 million impairment loss on 1 vessel, a ¥582 million gain on the recognition of negative goodwill resulting from making an equity-method affiliate a consolidated subsidiary, and a ¥455 million loss on step acquisitions.」
A ¥436 million gain on the sale of 1 vessel and a ¥292 million impairment loss on another vessel were actually recorded. The vessel sale and impairment theme materialised as extraordinary items during the quarter. - FY2021-Q1AdvancedAnnual report
「At 1 consolidated subsidiary in the Netherlands, a December-year-end company, 1 owned vessel was sold after the end of its first quarter. As a result, an extraordinary gain of approximately ¥400 million is expected to be recorded in the second-quarter consolidated accounting period, with an expected impact of approximately ¥200 million on quarterly net income attributable to owners of the parent. At 1 consolidated subsidiary in Panama, a December-year-end company, a decision was made after the end of its first quarter to sell 1 owned vessel. As a result, an extraordinary gain of approximately ¥300 million is expected to be recorded from the second-quarter consolidated accounting period onward, with an expected impact of approximately ¥180 million on quarterly net income attributable to owners of the parent. At 1 consolidated subsidiary in Singapore, a December-year-end company, a decision was made after the end of its first quarter to sell 1 owned vessel. As a result, an extraordinary gain of approximately ¥60 million is expected to be recorded from the third-quarter consolidated accounting period onward, with an expected impact of approximately ¥10 million on quarterly net income attributable to owners of the parent. At 1 consolidated subsidiary in Singapore, a December-year-end company, a decision was made after the end of its first quarter to sell 1 owned vessel. As a result, an extraordinary loss of approximately ¥280 million is expected to be recorded in the second-quarter consolidated accounting period, with an expected impact of approximately negative ¥120 million on quarterly net income attributable to owners of the parent.」
Regarding vessel sales, 1 vessel had been sold, with an extraordinary gain of approximately ¥400 million expected, while the decisions to sell 3 vessels indicated that an extraordinary gain or loss was expected to be recorded. - FY2020MaterialisedAnnual report
「In addition, a gain on the sale of 2 vessels owned by a consolidated subsidiary of ¥1,046 million was recorded as an extraordinary gain, and an impairment loss of ¥1,449 million on 2 vessels was recorded as an extraordinary loss.」
The vessel sale and impairment theme through the previous fiscal year materialised during the current fiscal year as a ¥1,046 million gain on the sale of 2 vessels and a separate ¥1,449 million impairment loss on 2 vessels. - FY2020-Q3AdvancedAnnual report
「At 1 consolidated subsidiary, a December-year-end company, 2 vessels it owned were sold after the end of the third quarter. As a result, an extraordinary gain of approximately ¥1 billion is expected to be recorded in the fourth-quarter consolidated accounting period, with an expected impact of approximately ¥400 million on quarterly net income attributable to owners of the parent.」
The decision announced in the previous quarter to sell 2 owned vessels progressed to an actual sale. An extraordinary gain of approximately ¥1 billion is expected in the fourth quarter, with an expected impact of approximately ¥400 million on quarterly net income attributable to owners of the parent. - FY2020-Q2ReframedAnnual report
「At 1 consolidated subsidiary, a December-year-end company, a decision was made after the end of the second quarter to sell 2 vessels it owned. As a result, an extraordinary gain of approximately ¥1 billion is expected to be recorded in the fourth-quarter consolidated accounting period, with an expected impact of approximately ¥400 million on quarterly net income attributable to owners of the parent. Depending on the delivery timing of each vessel, the extraordinary gain may instead be recorded in the following consolidated fiscal year.」
The vessel-sale theme changed from impairment losses associated with previous sale decisions to the expected recording of an extraordinary gain of approximately ¥1 billion from the decision to sell 2 owned vessels. The gain may be recorded in the following consolidated fiscal year depending on the delivery timing. - FY2019DroppedAnnual report
「Fiscal year ended 31 March 2019 (from 1 April 2018 to 31 March 2019) No applicable items.」
No impairment losses related to vessel sales or lower profitability were recorded during the current consolidated fiscal year. - FY2018MaterialisedAnnual report
「In addition, 1 vessel owned by a consolidated subsidiary was sold, and an impairment loss of ¥37 million was recorded as an extraordinary loss.」
An impairment loss arose again in connection with the sale of 1 vessel. The amount declined from the previous fiscal year's total vessel impairment loss of ¥1,564 million to ¥37 million. - FY2017ReframedAnnual report
「In addition to the impairment loss arising from the sale of a vessel during the third quarter of the current fiscal year, an impairment loss due to lower profitability of certain vessels was recorded, bringing the total extraordinary loss to ¥1,564 million.」
In addition to the impairment loss associated with the decision to sell a vessel, impairment due to lower profitability of certain vessels also arose, bringing full-year vessel impairment losses to ¥1,564 million in total. - FY2017-Q3MaterialisedAnnual report
「Following the decision to sell 1 vessel owned by a consolidated subsidiary, its carrying value was reduced to its recoverable amount, the planned sale price, and an impairment loss of ¥1,082 million was recorded as an extraordinary loss.」
Following the decision to sell 1 vessel owned by a consolidated subsidiary, an impairment loss of ¥1,082 million was actually recorded.