Risk of changes in the fair value of assets held
First written in FY2016. 10 of 23 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2025.
Morito moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Uncertainty in the future business environment increased due to the impact of reciprocal U.S. tariffs and higher raw material prices, including brass. After carefully considering whether impairment of the asset group including goodwill was necessary, the company recognized an impairment loss of ¥825.020 million during the consolidated fiscal year because total undiscounted future cash flows fell below the carrying amount of the asset group including goodwill.」
The risk of a decline in the value of assets held materialized as an impairment loss of ¥825.020 million on goodwill at MORITO SCOVILL AMERICAS, LLC. Weak demand in the U.S. market, tariffs, and higher raw material prices are also cited as sources of uncertainty. - FY2025-H1MitigatedAnnual report
「Valuation difference on available-for-sale securities 2,814,841 2,888,347」
Valuation difference on available-for-sale securities increased from ¥2,814.841 million at the end of the previous consolidated fiscal year to ¥2,888.347 million, indicating an improvement in the valuation difference on securities held. - FY2024-Q2MitigatedAnnual report
「Valuation difference on available-for-sale securities 2,053,469 2,636,025」
Valuation difference on available-for-sale securities increased from ¥2,053.469 million at the end of the previous consolidated fiscal year to ¥2,636.025 million, indicating an improvement in the valuation difference on securities held. - FY2024-Q1MitigatedAnnual report
「Valuation difference on available-for-sale securities 2,053,469 2,119,100」
Valuation difference on available-for-sale securities increased from ¥2,053.469 million at the end of the previous consolidated fiscal year to ¥2,119.100 million, indicating an improvement in the valuation difference on securities held. - FY2023-Q3MitigatedAnnual report
「Valuation difference on available-for-sale securities 1,274,715 2,080,959」
Valuation difference on available-for-sale securities increased from ¥1,274.715 million at the end of the previous consolidated fiscal year to ¥2,080.959 million, indicating an improvement in the valuation difference on securities held. - FY2023-Q2MitigatedAnnual report
「Valuation difference on available-for-sale securities 1,274,715 1,588,806」
Valuation difference on available-for-sale securities increased from ¥1,274.715 million at the end of the previous consolidated fiscal year to ¥1,588.806 million, indicating an improvement in the valuation difference on securities held. - FY2023-Q1MitigatedAnnual report
「Valuation difference on available-for-sale securities 1,274,715 1,502,616」
Valuation difference on available-for-sale securities increased from ¥1,274.715 million at the end of the previous consolidated fiscal year to ¥1,502.616 million, indicating an improvement in the valuation difference on securities held. - FY2022Goodwill impairment not considered necessary for the U.S. businessAnnual report
「During the consolidated fiscal year, MORITO SCOVILL AMERICAS, LLC increased sales steadily against a backdrop of firm demand, but higher costs including raw material and utility costs had a significant impact, resulting in a slight year-on-year decline in profit. Operating profit, including goodwill amortization, was in the red. ... It was determined that recognition of a goodwill impairment loss was unnecessary.」
Although operating profit in the U.S. business was in the red, including goodwill amortization, no goodwill impairment was recognized for the current period because undiscounted future cash flows exceeded the carrying amount. - FY2022-Q3MitigatedAnnual report
「Valuation difference on available-for-sale securities 393,220 △119,290」
Valuation difference on available-for-sale securities changed from positive ¥393.220 million in the same period of the previous year to negative ¥119.290 million, but the negative amount narrowed from negative ¥193.185 million in the cumulative previous quarter. - FY2022-Q2WorsenedAnnual report
「Valuation difference on available-for-sale securities 412,767 △ 193,185」
Valuation difference on available-for-sale securities changed from positive ¥412.767 million in the same period of the previous year to negative ¥193.185 million, indicating a deterioration in the valuation difference on securities held. - FY2021Greater specificity regarding potential goodwill impairment in the U.S. businessAnnual report
「The apparel materials business operated by MORITO SCOVILL AMERICAS, LLC was significantly affected by COVID-19, and the company's operating results, including goodwill amortization, were in the red in the previous consolidated fiscal year.」
The disclosure specifies that the company considered whether impairment was necessary for the deteriorating performance of the U.S. apparel materials business and goodwill of ¥1,931.151 million and other assets, and that impairment could be recognized if future cash flows deteriorate. - FY2021-Q3MitigatedAnnual report
「Valuation difference on available-for-sale securities 945,536 1,338,757」
Valuation difference on available-for-sale securities increased from ¥945.536 million at the end of the previous consolidated fiscal year to ¥1,338.757 million, indicating a further improvement in the valuation difference on securities held. - FY2021-Q2MitigatedAnnual report
「Valuation difference on available-for-sale securities △ 495,470 412,767」
Valuation difference on available-for-sale securities improved from negative ¥495.470 million in the same period of the previous year to positive ¥412.767 million, indicating an improvement in the valuation difference on securities held. - FY2021-Q1MitigatedAnnual report
「Valuation difference on available-for-sale securities △ 475,027 88,693」
Valuation difference on available-for-sale securities improved from negative ¥475.027 million in the same period of the previous year to positive ¥88.693 million in the current period, indicating an improvement in the valuation difference on securities held. - FY2020-Q3Narrower negative valuation difference and recognition of valuation lossAnnual report
「Valuation difference on available-for-sale securities / △ / 533,091 / △ / 374,520 / Loss on valuation of investment securities / － / 13,442」
Changes in the fair value of assets held continued to be reflected in the results, with a ¥13.442 million loss on valuation of investment securities recognized in addition to the negative valuation difference on available-for-sale securities. - FY2020-Q2MaterialisedAnnual report
「Loss on valuation of investment securities － 10,663」
A ¥10.663 million loss on valuation of investment securities was recognized in the cumulative second quarter. Valuation difference on available-for-sale securities was also negative ¥495.470 million, reflecting changes in the value of assets held in the results. - FY2020-Q1WorsenedAnnual report
「Valuation difference on available-for-sale securities △ 201,542 △ 475,027」
The negative valuation difference on available-for-sale securities widened from ¥201.542 million in the same period of the previous year to ¥475.027 million, reflecting changes in the fair value of assets held in comprehensive income. - FY2019MaterialisedAnnual report
「During the consolidated fiscal year, an impairment loss of ¥599 thousand was recognized on unlisted shares. / Valuation difference on available-for-sale securities: negative ¥224.259 million」
Changes in the value of assets held were reflected in the results as a ¥599 thousand impairment loss on unlisted shares and negative ¥224.259 million in valuation difference on available-for-sale securities. - FY2019-Q3MaterialisedAnnual report
「Valuation difference on available-for-sale securities △ 233,120 △ 533,091」
During the cumulative third quarter, valuation difference on available-for-sale securities was negative ¥533.091 million, reflecting changes in the fair value of assets held in comprehensive income. - FY2019-Q2MaterialisedAnnual report
「Valuation difference on available-for-sale securities △ 28,137 △ 539,108」
During the cumulative second quarter, valuation difference on available-for-sale securities was negative ¥539.108 million, reflecting changes in the fair value of assets held in comprehensive income. - FY2017MaterialisedAnnual report
「Regarding goodwill arising on the acquisition of shares in MATEX Co., Ltd., a domestic consolidated subsidiary, the expected earning capacity at the time of acquisition was no longer anticipated due to changes in the business environment surrounding the company. Accordingly, the carrying amount was reduced to its recoverable amount, and the decrease of ¥322.107 million was recognized as an impairment loss and recorded under extraordinary losses. For idle assets, the decrease of ¥83.230 million was recognized as an impairment loss and recorded under extraordinary losses.」
The risk of declines in the fair value and earning capacity of assets held materialized as impairment losses of ¥322.107 million on MATEX's goodwill and ¥83.230 million on idle assets. - FY2017-Q3MaterialisedAnnual report
「The equipment used in the business was idle because its removal had been decided and no future use had been determined. As its recoverable amount fell below its carrying amount, the decrease of ¥57.270 million was recognized as an impairment loss and recorded under extraordinary losses.」
The risk of a decline in the value of assets held materialized as an impairment loss of ¥57.270 million on idle land in Chiba Prefecture. - FY2016First statedAnnual report
「The past financial position and operating results of the Group have fluctuated due to changes in the fair value of its assets held and other factors. There is no assurance that it will not recognize losses in the future due to changes in the fair value of its assets held and other factors.」
The disclosure states that changes in the fair value of assets held affect the financial position and operating results and could lead to future losses.