Business Expansion and Investment Losses from M&A through Group Companies
First written in FY2016. 10 of 24 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-09-15.
Hakuhodo Dy Holdings moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- 2026-09-15RestatedFinancial Results Presentation
「We carried out large-scale structural reforms the year before last. Although the possibility of future impairment cannot be completely ruled out, there are no matters currently decided.」
The Company explicitly identifies the possibility of future impairment relating to overseas business investments and Group companies, while stating that nothing has been decided at present. - FY2026MitigatedAnnual report
「Impairment loss 1,080」
The impairment loss associated with business investments and group companies decreased from ¥4,770 million in the previous fiscal year to ¥1,080 million. However, impairment losses continued to be recorded. - FY2026-H1MitigatedAnnual report
「Impairment loss 2,315 46」
The impairment loss associated with business investments and group companies decreased from ¥2,315 million in the same period of the previous year to ¥46 million in the current interim period. However, impairment losses continued to be recorded. - FY2025WorsenedAnnual report
「During the fiscal year, as the earnings initially expected from operating assets and other assets could no longer be anticipated, their carrying amounts were reduced to their recoverable amounts, and the resulting decrease of ¥4,770 million was recorded as an impairment loss.」
The monetisation risk associated with business investments and group companies continued, and the impairment loss increased from ¥1,468 million in the previous fiscal year to ¥4,770 million. - FY2025-H1WorsenedAnnual report
「Impairment loss 571 2,315」
The impairment loss for the interim consolidated accounting period increased from ¥571 million in the same period of the previous year to ¥2,315 million, indicating that the amount of the monetisation risk associated with business investments and group companies has increased. - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, impairment losses were recognised on securities amounting to ¥4,205 million, comprising ¥4,205 million in shares classified as other securities.」
Impairment losses on investment securities and other assets increased from ¥735 million in the previous fiscal year to ¥1,468 million, indicating that the amount of the monetisation risk associated with business investments and group companies has increased. - FY2024-Q3WorsenedAnnual report
「Impairment loss 36 610」
The impairment loss for the nine-month period was ¥610 million, up from ¥36 million in the same period of the previous year. The monetisation risk associated with business investments and group companies continues to materialise, and the amount involved is increasing. - FY2023WorsenedAnnual report
「The carrying amount of goodwill recorded upon the acquisition of the ソウルドアウト㈱ group was ¥14,705 million in the current consolidated fiscal year. With respect to goodwill related to the group, the company identified indications of impairment in the asset group including goodwill because performance has not met the group's business plan at the time control was acquired, due to factors including the loss of some existing customers amid intensifying competition and changes to search engine algorithms.」
Following the acquisition of ソウルドアウト㈱, performance fell short of the business plan due to intensifying competition, the loss of some existing customers and changes to search engine algorithms, and indications of impairment of goodwill were identified. - FY2023-Q3MaterialisedAnnual report
「Impairment loss - 36」
An impairment loss of ¥36 million was recorded for the nine-month period of the third quarter, indicating that the monetisation risk associated with business investments and group companies has materialised. No impairment loss was recorded in the same period of the previous year. - FY2022MitigatedAnnual report
「Impairment loss 325」
Although impairment losses associated with business investments and group companies continue to be recorded, they decreased from ¥457 million in the previous fiscal year to ¥325 million in the current fiscal year. - FY2021-Q3WorsenedAnnual report
「Impairment loss 129」
The impairment loss for the nine-month period was ¥129 million, up from ¥116 million for the cumulative period through the previous quarter. The monetisation risk associated with business investments and group companies continues to materialise. - FY2021-Q2WorsenedAnnual report
「Impairment loss 116」
The impairment loss for the six-month period of the second quarter was ¥116 million, up from ¥99 million for the cumulative period through the first quarter. The monetisation risk associated with business investments and group companies continues to materialise. - FY2020WorsenedAnnual report
「During the fiscal year, as the earnings initially expected from operating assets and other assets could no longer be anticipated, their carrying amounts were reduced to their recoverable amounts, and the resulting decrease of ¥4,082 million was recorded as an impairment loss.」
The monetisation risk associated with business investments and group companies continued to materialise, and the impairment loss increased from ¥62 million in the previous fiscal year to ¥4,082 million. - FY2020-Q3WorsenedAnnual report
「Impairment loss 2,895」
The impairment loss for the nine-month period of the third quarter was ¥2,895 million, a substantial increase from ¥109 million for the cumulative period through the previous quarter. The amount of the monetisation risk associated with group companies and business investments that has materialised is increasing. - FY2020-Q2MaterialisedAnnual report
「Impairment loss 109」
An impairment loss of ¥109 million was recorded for the six-month period of the second quarter, indicating that the monetisation risk associated with group companies and business investments continues to materialise. The materialisation of existing risks has been confirmed. - FY2020-Q1MaterialisedAnnual report
「Impairment loss 99」
An impairment loss of ¥99 million was recorded in the first quarter, indicating that the monetisation risk associated with group companies and business investments continues to materialise. - FY2019MaterialisedAnnual report
「Impairment charges 62」
An impairment loss associated with group companies and business investments also materialised in FY2019, and ¥62 million was recorded. - FY2018MaterialisedAnnual report
「Impairment loss 269」
The monetisation risk associated with group companies and business investments also materialised in FY2018, resulting in an impairment loss of ¥269 million. - FY2018-Q3MaterialisedAnnual report
「Impairment loss 270 3」
An impairment loss of ¥3 million was recorded for the nine-month period of the third quarter, indicating that the monetisation risk associated with group companies and business investments continues to materialise. - FY2017MaterialisedAnnual report
「During the fiscal year, as the earnings initially expected from operating assets and other assets could no longer be anticipated, their carrying amounts were reduced to their recoverable amounts, and the resulting decrease of ¥793 million was recorded as an impairment loss.」
The monetisation risk associated with group companies and business investments has materialised, and an impairment loss of ¥793 million has been recorded on operating assets and other assets. - FY2016First statedAnnual report
「These activities may entail the risk of losses equal to or exceeding the amount invested, as well as the risk of a decline in the Group's creditworthiness. Depending on the business activities and operating performance of the investee companies, they may adversely affect the financial position and operating performance of the Group.」
While positioning M&A as a key growth priority in its medium-term management plan, the company explicitly identifies the associated investment risks.