Goodwill Impairment Following the Cessation of Focus on the Media Business
First written in FY2022-Q2. 6 of 7 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 7 of 13 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The media business is included in and reported under the Other Businesses segment because its quantitative significance declined as the business was scaled back.」
The Company continues to include the media business in Other Businesses as a reportable-segment change, citing the reduced focus on and contraction of that business. - FY2023-Q3RestatedAnnual report
「The media business is included in and reported under the Other Businesses segment because its quantitative significance declined as the business was scaled back.」
The Company continues to include the media business in Other Businesses as a reportable-segment change, citing the reduced focus on and contraction of that business. - FY2023-Q2RestatedAnnual report
「The media business is included in and reported under the Other Businesses segment because its quantitative significance declined as the business was scaled back.」
The Company continues to include the media business in Other Businesses as a reportable-segment change, citing the reduced focus on and contraction of that business. - FY2023-Q1RestatedAnnual report
「The media business is included in and reported under the Other Businesses segment because its quantitative significance declined as the business was scaled back.」
The decline in the level of focus on and the contraction of the media business continued, and this was reflected in a change to the reportable segments as a reduction in quantitative significance. - FY2022RestatedAnnual report
「For goodwill relating to the media business, the Company decided to concentrate management resources on other businesses and not focus on the media business. It therefore reduced the carrying amount of the goodwill to its recoverable amount and recognized the reduction of ¥23.607 million as an impairment loss under extraordinary losses.」
The annual financial statements continue to disclose the occurrence and reason for the ¥23.607 million goodwill impairment loss resulting from the discontinuation of the Company’s focus on the media business. - FY2022-Q3RestatedAnnual report
「During the six months ended the second quarter, the Company recognized an impairment loss of ¥23 million on the carrying amount of goodwill because it decided to concentrate management resources on other businesses and not focus on the media business.」
The Company continues to disclose the occurrence of a ¥23 million goodwill impairment loss resulting from the discontinuation of its focus on the media business. - FY2022-Q2First statedAnnual report
「During the six months ended the second quarter, the Company recognized an impairment loss of ¥23 million on the carrying amount of goodwill because it decided to concentrate management resources on other businesses and not focus on the media business.」
The Company decided not to focus on the media business, and an impairment loss of ¥23 million on the carrying amount of goodwill was actually recognized.