Declining Profitability of Manufacturing Equipment and Impairment Risk
First written in FY2017. 5 of 9 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Parker moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「For the consolidated fiscal year (from 1 April 2025 to 31 March 2026), there were no applicable matters.」
The company disclosed that no impairment loss applied in the current consolidated fiscal year, compared with the ¥462 million recognized in the previous fiscal year. It nevertheless continues to disclose the possibility of impairment resulting from changes in future business plans and expected orders. - FY2024Finalization of the full-year impairment lossAnnual report
「Due to a significant deterioration in the Chinese market environment, an impairment loss of ¥654 million was recognized on tangible fixed assets of a Chinese subsidiary.」
An impairment loss of ¥654 million was recognized for the full year on FPME in Foshan, China, due to declining profitability of its automotive-material manufacturing facilities. - FY2024-Q3WorsenedAnnual report
「Due to a significant deterioration in the Chinese market environment, an impairment loss of ¥672 million was recognized on tangible fixed assets of a Chinese subsidiary.」
Due to a significant deterioration in the Chinese market environment, the carrying amounts of mainly automotive-material manufacturing facilities at a Chinese subsidiary were reduced to zero, their recoverable amount, and an impairment loss of ¥672 million was recognized. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, the construction-material manufacturing facilities of Parker Asahi Co., Ltd. experienced declining profitability due to worsening business conditions, and an impairment loss of ¥46 million was recognized as an extraordinary loss.」
An impairment loss of ¥46 million was recognized due to declining profitability of construction-material manufacturing facilities, with the decline in the profitability of fixed assets continuing to be reflected in results. - FY2021MaterialisedAnnual report
「An impairment loss of ¥178 million was recognized. The soundproofing-material manufacturing plant at the Mie Plant was shut down and became idle as production sites were consolidated.」
Impairment losses increased from ¥1 million in the previous fiscal year to ¥178 million due to declining profitability and expected utilization of the Mie Plant, the HANGUK Plant in South Korea, testing facilities and other assets. - FY2021-Q3MaterialisedAnnual report
「Impairment loss 174」
An impairment loss of ¥174 million was recognized during the nine-month period of the current consolidated fiscal year, comprising ¥31 million in the Chemicals segment and ¥142 million in the Industrial Materials segment, reflecting declines in the profitability and value of fixed assets. - FY2020MaterialisedAnnual report
「An impairment loss of ¥1 million was recognized during the current consolidated fiscal year.」
An impairment loss of ¥1 million was recognized during the current fiscal year on idle land in Nagasaka, Yamanashi Prefecture. Although the assets affected differ from the soundproofing-material manufacturing facilities and other assets impaired in the previous fiscal year, the declining profitability and value of fixed assets continue to be reflected in results. - FY2019MaterialisedAnnual report
「The soundproofing-material manufacturing facilities of subsidiary QPME were found to show indications of impairment because operating income from the facilities remained negative due to declining profitability, and an impairment loss of ¥6 million was recognized as an extraordinary loss.」
An impairment loss of ¥6 million was recognized on QPME's soundproofing-material manufacturing facilities in Qingdao, China, due to declining profitability and continuing operating losses. - FY2017First statedAnnual report
「An impairment loss of ¥135 million on soundproofing-material production facilities and other assets, resulting from declining profitability, was recognized as an extraordinary loss.」
Impairment losses have actually been incurred due to declining profitability, including ¥91 million for soundproofing-material manufacturing facilities in Qingdao, China, and ¥42 million for chemical manufacturing facilities in Satte, Saitama Prefecture.