News Center
Notice Concerning Impairment Loss (Extraordinary Loss)
2013-1-28
FUNAI ELECTRIC CO., LTD.
We hereby provide notice as follows concerning the impairment loss occurring during the third quarter of the fiscal year ending March 31, 2013 (April 1, 2012 — December 31, 2012).
1. Posting of impairment loss (extraordinary loss)
The Funai Group recorded losses on impairment in the following asset groups.
Use | Location | Type |
---|---|---|
Idle assets | Funai Electric Co., Ltd. (Daito, Osaka) | Long-term prepaid expenses, etc. |
During the first nine months, the Company revised its production model in line with decreasing global demand. As a result, the Company revalued its licensing of patents based on their expected future degree of use, thereby reducing the expected amount collectible for these assets by ¥1,614 million.
This impairment loss was recorded as an extraordinary loss.
2. Effect on results
The above‐mentioned impairment loss is reflected in the figures announced on November 2, 2012, in the press release entitled “Funai Reports Revised Forecast of Consolidated Operating Results.”
Therefore, operating performance forecasts have not been revised further.