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Sms (2175) · RiskMaterialised

Goodwill impairment risk associated with the MIMS acquisition

First written in FY2016. 7 of 12 entries say "Materialised", first in 2026-04-28. Latest entry: FY2026.

12entries
11years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016ReframedFY2018RestatedFY2021 – FY20252016: 120162017: 020172018: 120182019: 020192020: 020202021: 120212022: 020222023: 120232024: 020242025: 120252026: 72026
Same theme, other companies
Impairment of Goodwill and Trademark Rights Associated with AcquisitionsA theme 207 companies write about · 209 as a headwind · 0 as a tailwind

Sms moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).

The whole theme swung hardest in 2023: 35 of 97 companies on the "Worse" side.

54 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 198 companies compared. The sentences above are computed from all 198.Comparing 200 of the theme's 209 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「For goodwill and intangible assets related to the MIMS Group, our consolidated subsidiary, the Group’s performance had been below plan. After reviewing its future business plan under the new management structure, we reduced the carrying amounts to their recoverable amounts and recorded the reduction as an extraordinary loss.」

    As the MIMS Group’s performance fell below plan, an impairment loss totaling ¥22,957 million was recognized, comprising ¥8,649 million for goodwill, ¥589 million for customer relationship assets and ¥13,041 million for trademark rights, among other items.
  2. FY2025RestatedAnnual report

    「For the asset group related to the MIMS Group, we have not recognized an impairment loss because, in determining whether an impairment loss should be recognized, the total undiscounted future cash flows expected to be generated by the asset group exceeded its carrying amount.」

    The judgment that no impairment has been recognized for goodwill and other assets related to MIMS because undiscounted future cash flows exceeded the carrying amount has been reconfirmed.
  3. FY2023RestatedAnnual report

    「For the asset group related to the MIMS Group, we have not recognized an impairment loss because, in determining whether an impairment loss should be recognized, the total undiscounted future cash flows expected to be generated by the asset group exceeded its carrying amount.」

    The judgment that no impairment loss has been recognized for goodwill and intangible fixed assets related to the MIMS Group based on future cash flows has been reconfirmed.
  4. FY2021RestatedAnnual report

    「For the asset group related to the MIMS Group, we have not recognized an impairment loss because, in determining whether an impairment loss should be recognized, the total undiscounted future cash flows expected to be generated by the asset group exceeded its carrying amount.」

    Although no impairment loss has been recognized for goodwill, trademark rights and other assets related to MIMS based on future cash flows and other factors, the possibility that impairment could arise due to changes in forecasts has been reconfirmed.
  5. FY2018ReframedAnnual report

    「In connection with this acquisition, goodwill and intangible assets consisting of customer relationship assets and trademark rights were recognized. If the profitability of the group declines significantly in the future and an impairment loss needs to be recognized, this could affect the operating results and financial condition of our group.」

    The scope of impairment risk associated with the MIMS acquisition has been defined as goodwill and intangible assets, including customer relationship assets and trademark rights, rather than goodwill alone.
  6. FY2016First statedAnnual report

    「A substantial amount of goodwill was recognized in connection with this acquisition. If the profitability of the group declines significantly in the future and an impairment loss needs to be recognized, this could affect the operating results and financial condition of our group.」

    Goodwill of ¥11,920.862 million was recognized in connection with the MIMS acquisition.
Moved together

"Positioning the MIMS Group at the Core of Overseas Expansion" moved the same way as this thread, in the same document, in 4 of its 12 moves.

443322★123456
  1. ★This thread
  2. 1Positioning the MIMS Group at the Core of Overseas Expansion4×
  3. 2Overseas Laws and Regulations and Country Risk4×
  4. 3Sustained Growth in Net Income3×
  5. 4New Business Underperformance and Exit Losses3×
  6. 5Revenue and Profit Growth2×
  7. 6Foreign Exchange Risk Associated with Overseas Affiliates2×

★ 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
Sms's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the General Meetings of Shareholders of 2026-06-05: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Goodwill impairment risk associated with the MIMS acquisition | SMS CO.,LTD. (2175) | Komori