Alps Alpine Co., Ltd. provides impairment guidance for the full year ending March 31, 2024. It expects to record an impairment loss of JPY 35.3 billion for fixed assets for business use related to module products that comprise the Module and System Segment and some products for the automotive market that are included in the Sensor and Communication Segment as an extraordinary loss. In addition, it is expected to take time to improve the profit structure of these products, and the latest situation is reflected in the estimate of future cash flows in the third quarter of the current fiscal year.

As a result, the present value of future cash flows was less than the book value of the fixed assets held by the Company.