Goodwill impairment risk
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2023: 35 of 95 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「For the current consolidated fiscal year, the company determined that the undiscounted future cash flows of the asset group, including goodwill, over the remaining amortization period of the goodwill exceeded the carrying amount of the asset group, including goodwill, and therefore did not recognize an impairment loss.」
The company continues to disclose the risk of impairment due to a decline in the future earnings capacity of goodwill, while stating that no impairment loss was recognized in FY2022. - FY2019RestatedAnnual report
「As a result of past M&A and group reorganizations, the group has recorded a substantial amount of goodwill.」
The company reiterates the substantial goodwill associated with M&A and group reorganizations and the risk of impairment if earnings capacity declines. - FY2018First statedAnnual report
「As a result of past M&A and group reorganizations, the company has recorded a substantial amount of goodwill. If the future earnings capacity of the businesses covered by the group declines, it will recognize an impairment loss on this goodwill」
The company indicates that a decline in future earnings capacity could result in an impairment loss on the substantial goodwill associated with M&A and group reorganizations.