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.
The above