Impairment Losses on Goodwill and Fixed Assets in the Construction Business
First written in FY2019-Q2. 2 of 4 entries say "Worsened", first in FY2019-Q3. Latest entry: FY2020.
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「During the current consolidated fiscal year, an impairment loss of ¥65.725 million was recognized on goodwill related to consolidated subsidiary Grand Staff Co., Ltd., because the expected excess earning power was no longer anticipated.」
The disclosures on goodwill and fixed-asset impairment in the former Construction business were not central to the current fiscal year; the new impairment charge for the year related to Grand Staff Co., Ltd. in the Human Resources Services business. - FY2019WorsenedAnnual report
「During the current consolidated fiscal year, impairment losses on goodwill were recognized because the expected excess earning power was no longer anticipated for Fan Life Design Co., Ltd., formerly a consolidated subsidiary and absorbed into Nissho Inter Life Co., Ltd. effective 1 December 2018, and for consolidated subsidiary GSK Co., Ltd. The impairment losses were ¥3.618 million for Fan Life Design and ¥99.925 million for GSK.」
Goodwill impairment losses were ¥3.618 million for Fan Life Design and ¥99.925 million for GSK, while the Construction business also recorded a ¥40.437 million impairment loss on fixed assets. - FY2019-Q3WorsenedAnnual report
「In the Construction segment, an impairment loss on fixed assets was recognized. The amount recognized for the cumulative third quarter was ¥28.774 million. In addition, an impairment loss on goodwill was recognized in the Construction segment, resulting in a decrease in the goodwill balance. The decrease in goodwill attributable to this event was ¥3.618 million for the cumulative third quarter.」
The impairment loss on fixed assets in the Construction segment increased from ¥10.120 million for the cumulative second quarter to ¥28.774 million for the cumulative third quarter, indicating an increase in impairment charges. The goodwill impairment loss was ¥3.618 million. - FY2019-Q2First statedAnnual report
「In the Construction segment, an impairment loss on fixed assets was recognized. The amount recognized for the cumulative second quarter was ¥10.120 million. In addition, an impairment loss on goodwill was recognized in the Construction segment, resulting in a decrease in the goodwill balance. The decrease in goodwill attributable to this event was ¥3.618 million for the cumulative second quarter.」
The Company disclosed impairment losses of ¥10.120 million on fixed assets and ¥3.618 million on goodwill in the Construction segment.