———2021¥14,129 14,8639,440¥38,4322021¥ 5,385 219,661739531,6857,61816,031¥41,198 ¥ 62¥109Thousands ofU.S. dollars2021$127,623134,25885,268$347,149Thousands ofU.S. dollars2021$ 48,648 19587,2726,67948715,22568,814144,804$372,127Thousands ofU.S. dollars2021Impairment Loss $560$986The Companies categorize goodwill into groups mainly based on each company in consolidated subsidiaries for the goodwill impairment testing. MADICO, INC. and MADICO WINDOW FILMS, CANADA, ULC recognized impairment losses of ¥62 million and ¥109 million respectively for the goodwill as future operating results were expected to be lower than the business plan at the time of acquisition of these subsidiaries. The recoverable amount of the goodwill was measured at the value in use determined by future cash flows discounted at 10.0%.2. Commitments and Contingent LiabilitiesThe Company and its consolidated subsidiaries had unused lines of credit for short-term financing aggregating ¥26,832 million (U.S.$242,365 thousand) and ¥27,099 million at March 31, 2021 and 2020, respectively.3. InventoriesMerchandise and finished goods, work in process, and raw materials and supplies as of March 31, 2021 and 2020 were as follows:4. Selling, General and Administrative ExpensesMajor items included in selling, general and administrative expenses for the years ended March 31, 2021 and 2020 were as follows:5. Research and Development ExpensesResearch and development expenses, all of which were included in selling, general and administrative expenses, for the years ended March 31, 2021 and 2020 were ¥7,618 million (U.S.$68,814 thousand) and ¥7,860 million, respectively.6. Impairment LossThe Company recognized impairment loss on the following classes of assets for the year ended March 31, 2021:Major useMajor useMerchandise and finished goodsWork in processRaw materials and supplies TotalTransportation and warehousing expensesProvision for allowance for doubtful accountsSalaries and allowancesRetirement benefit expensesProvision for directors’ bonusesDepreciation and amortizationResearch and development expensesOther TotalThe Company recognized impairment loss on the following classes of assets for the year ended March 31, 2020:The Companies categorize goodwill into groups mainly based on each company in consolidated subsidiaries for the goodwill impairment testing. plan at the time of acquisition of VDI, LLC. The recoverable amount of the goodwill was measured at the value in use determined by future cash flows discounted at 19.0%.VDI, LLC recognized an impairment loss of ¥545 million for the goodwill as future operating results were expected to be lower than the business LocationFlorida State, U.S.A.Vancouver, CANADALocationKentucky State, U.S.A.CategoryGoodwillGoodwillCategoryGoodwillMillions of yen 2020¥15,345 14,97110,117¥40,434Millions of yen 2020¥ 5,328 279,669586591,7797,86017,688¥42,999 Millions of yen Millions of yen 2020Impairment Loss¥54583
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