Wellnet (2428) · RiskMaterialised
Software Impairment Risk
First written in FY2019. 1 of 2 entries say "Materialised", first in FY2020. Latest entry: FY2020.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Impairment Loss on Company-Wide Software with No Expected Future UseA theme 26 companies write about · 26 as a headwind · 0 as a tailwind
Wellnet moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
9 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 26 companies compared. The sentences above are computed from all 26.Full recordFilings, disclosures and news, newest first
- FY2020MaterialisedAnnual report
「For idle business assets for which recovery of the investment amount is not expected, the Company reduced their carrying value to a nominal value and recorded the reduction as an impairment loss.」
The Company recorded an actual impairment loss of ¥112.659 million on idle software for which recovery of the investment amount was not expected. - FY2019First statedAnnual report
「However, if changes to the plan, a review of usage, or other factors impair the expected revenue generation or cost reduction benefits, the assets may need to be impaired.」
The Company describes the possibility that capitalized software may need to be impaired following changes to the plan or a review of usage.