Risk of Fixed-Asset Impairment Due to Business Plans and Changes in the Operating Environment
First written in FY2021. 3 of 4 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 61 of 114 companies on the "Worse" side.
- FY2022-Q3MaterialisedAnnual report
「Meanwhile, total property, plant and equipment decreased by ¥3,733 million, primarily due to impairment of equipment (JA08MC and JA23MC) of ¥1,433 million and a decrease of ¥1,321 million associated with disposals, as well as depreciation of other assets held.」
The risk of impairment of property, plant and equipment materialized as ¥1,433 million of impairment of JA08MC and JA23MC combined, and a decrease in property, plant and equipment associated with the sale of 2 aircraft. - FY2022-Q2MaterialisedAnnual report
「Meanwhile, total property, plant and equipment decreased by ¥2,606 million, primarily due to impairment of equipment (JA08MC and JA23MC) of ¥874 million and ¥558 million, respectively, and depreciation of other assets held.」
The risk of impairment of property, plant and equipment materialized as ¥874 million of impairment of JA08MC and ¥558 million of impairment of JA23MC. - FY2022-Q1MaterialisedAnnual report
「Total property, plant and equipment decreased by ¥1,285 million, primarily due to impairment of equipment (JA08MC) of ¥874 million and depreciation of other assets held of ¥370 million.」
The risk of impairment of property, plant and equipment due to changes in the business plan or operating environment materialized as ¥874 million of impairment of JA08MC. - FY2021First statedAnnual report
「If changes in the conditions or assumptions underlying the estimates occur as a result of changes in the business plan or the environment surrounding the Company, and the estimates decline, impairment may become necessary.」
This is the first record of the risk that changes in the business plan or operating environment could reduce the recoverable amount of fixed assets and require impairment.