Impairment loss recorded for the curation platform business
First written in FY2017-Q3. 1 of 2 entries say "Cited as achieved", first in FY2018-Q3. Latest entry: FY2018-Q3.
0 other companies' latest entry also says "Cited as achieved".
- FY2018-Q3Cited as achievedAnnual report
「During the first nine months of the previous fiscal year, the Company made articles on the curation platform services unavailable to the public in order to investigate the operating structure and policies of the curation platform business. The Company was discussing whether to resume the business, but no decision had been made as of the end of the first nine months of the previous fiscal year. Because the business plan had not been determined, the Company deemed its value in use to be zero and recognized an impairment loss of ¥3,859 million.」
The ¥3,859 million impairment loss in the curation platform business is cited in the comparative information as the result for the cumulative third quarter of the previous fiscal year. - FY2017-Q3First statedAnnual report
「The Company is discussing whether to resume the business, but no decision has been made as of the present time. Because the business plan for the business has not been determined, the Company has deemed its value in use to be zero and recognized an impairment loss of ¥3,859 million.」
The disclosure states for the first time that, because the business plan had not been determined and value in use was deemed to be zero, the Company recognized an impairment loss of ¥3,859 million on the curation platform business.