Komori
Mitsui Matsushima Holdings (1518) · RiskMaterialised

Uncertainty in future cash flows used to value goodwill

First written in FY2021. 1 of 3 entries say "Worsened", first in FY2025. Latest entry: FY2026.

3entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2021WorsenedFY2025 – FY20262021: 120212022: 020222023: 020232024: 020242025: 120252026: 12026
Same theme, other companies
Risk of impairment estimate changes for goodwill and intangible assets with indefinite useful livesA theme 52 companies write about · 52 as a headwind · 0 as a tailwind

Mitsui Matsushima Holdings moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).

The whole theme swung hardest in 2019: 5 of 13 companies on the "Worse" side.

2 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 52 companies compared. The sentences above are computed from all 52.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「With respect to “Other” (Osaka City, Osaka Prefecture), the Company reduced the carrying amount of fixed assets, including goodwill related to its consolidated subsidiary システックキョーワ, to the recoverable amount because the originally anticipated earnings were no longer expected, and recognized an impairment loss on the goodwill during the current consolidated fiscal year.」

    Regarding the risk associated with estimates of future cash flows used to value goodwill, an impairment loss of ¥687 million was actually recognized on goodwill related to システックキョーワ.
  2. FY2025WorsenedAnnual report

    「In valuing goodwill, the Group identifies indicators of goodwill impairment for each cash-generating unit, including goodwill, by examining the achievement of operating income and operating cash flow targets based on the business plans prepared at the time of acquisition for each target company, in accordance with accounting standards for impairment of fixed assets and other applicable standards. Goodwill at the end of the current consolidated fiscal year was ¥17,095 million.」

    As goodwill increased to ¥17,095 million in line with the expansion of M&A activity, the Company continues to explicitly identify the risk of additional impairment arising from uncertainty in acquisition business plans and future cash flows.
  3. FY2021First statedAnnual report

    「If the estimates and assumptions described above require revision due to changes in uncertain future economic conditions or other factors, additional impairment losses (extraordinary losses) may arise in the consolidated financial statements for the following consolidated fiscal year or later periods.」

    The Company newly states that the valuation of goodwill of ¥10,748 million involves uncertainty in the business plan prepared at the time of acquisition, market conditions and future cash flow assumptions, creating a risk of additional impairment.
Moved together

"Financial Soundness Based on Substantially Debt-Free Status and a High Equity Ratio" moved the same way as this thread, in the same document, in 2 of its 3 moves.

22★12
  1. ★This thread
  2. 1Financial Soundness Based on Substantially Debt-Free Status and a High Equity Ratio2×
  3. 2Risk of Impairment of Fixed Assets2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Mitsui Matsushima Holdings's next results are scheduled for 2026-11-13. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.