Declining Profitability and Impairment at INTERSPACE(THAILAND)CO.,LTD.
First written in FY2022. 5 of 7 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2017: 4 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「During the current consolidated fiscal year, recovery of the investments in 株式会社Ｎ１テクノロジーズ and INTERSPACE(THAILAND)CO.,LTD., which belong to the performance marketing segment, became unlikely because of declining profitability. Their carrying amounts were therefore reduced to their recoverable amounts, and the resulting reduction of ¥122,138 thousand was recognized as an impairment loss under extraordinary losses. The breakdown was ¥120,967 thousand for 株式会社N１テクノロジーズ and ¥1,171 thousand for INTERSPACE(THAILAND)CO.,LTD.」
INTERSPACE(THAILAND)CO.,LTD. incurred another impairment loss of ¥1,171 thousand due to declining profitability. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of declining profitability and impairment at INTERSPACE(THAILAND)CO.,LTD. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of declining profitability and impairment at INTERSPACE(THAILAND)CO.,LTD. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company disclosed that there have been no material changes regarding the risk of declining profitability and impairment at INTERSPACE(THAILAND)CO.,LTD. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company disclosed that there have been no material changes regarding the risk of declining profitability and impairment at INTERSPACE(THAILAND)CO.,LTD. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of declining profitability and impairment at INTERSPACE(THAILAND)CO.,LTD. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, the company reduced the carrying amounts of 株式会社ユナイトプロジェクト and the goodwill arising on its acquisition, both belonging to the media operations segment, and INTERSPACE(THAILAND)CO.,LTD., belonging to the internet advertising business, to their recoverable amounts because the amounts invested were not expected to be recovered due to declining profitability. The resulting reduction of ¥226.629 million was recorded as an impairment loss under extraordinary losses.」
Investment recovery for the Thai subsidiary became unlikely because of declining profitability, resulting in an impairment loss of ¥1,879 thousand on buildings, tools, furniture and fixtures, and software in total.