Impairment of goodwill associated with the acquisition of three eWarrant companies
First written in FY2018-Q2. 1 of 3 entries say "Worsened", first in FY2021. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021WorsenedAnnual report
「In light of the continuing deterioration in the performance of カイカ証券株式会社, EWARRANT FUND LTD. and EWARRANT INTERNATIONAL LTD., the full carrying amount was assessed as unrecoverable. Accordingly, the ¥55.107 million decrease in the fixed assets of カイカ証券株式会社 was recognised as an impairment loss.」
Due to deteriorating performance at the 3 e-warrant companies, an additional ¥55 million impairment loss was recognised on the fixed assets of カイカ証券株式会社, clarifying the decline in recoverability, including goodwill. - FY2018Impairment amount finalised and cause specifiedAnnual report
「Goodwill was recognised in the Financial Instruments Business based on expected excess earnings. However, the termination of a contract with one customer of eWarrant Securities Co., Ltd., which acts as an intermediary for covered warrants and other products in Japan, made it necessary to revise the business plan originally assumed. Accordingly, the full amount of goodwill was recognised as an impairment loss.」
The full-year impairment loss on goodwill associated with the acquisition of the 3 e-warrant companies was finalised at ¥291.287 million, with the termination of a customer contract and the revision of the business plan identified as the causes. - FY2018-Q2First statedAnnual report
「In the Financial Instruments Business segment, an impairment loss was recognised on goodwill. The impairment loss recognised for the six months ended the second quarter of the current consolidated fiscal year was ¥294.262 million.」
An impairment loss equal to the ¥294.262 million of goodwill recognised in connection with the acquisition of the 3 e-warrant companies was recorded.