Impairment Risk for Goodwill, Investment Securities, etc.
First written in FY2016. 18 of 26 entries say "Restated". Latest entry: FY2025.
Tokyo Electron Device Limited moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2023: 6 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The Group records goodwill and intangible assets arising from the acquisition of shares through M&A transactions and the acquisition of businesses. If business expansion does not proceed as planned compared with the initial assumptions, the Group's business performance may be affected by impairment of goodwill and other assets.」
The scope of the impairment risk was reorganised from a disclosure centred on investment securities to one that also includes goodwill and intangible assets arising from M&A transactions and business acquisitions. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The disclosure states that there have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2022MaterialisedAnnual report
「In light of the difficult conditions, including the Group's performance to date and the current difficulty in procuring materials, the Group carefully revised its future business plans. As the excess earning power initially anticipated could no longer be expected, the carrying amount of goodwill and other assets was reduced to their recoverable amount, and the decrease of ¥1,351 million was recognised as an impairment loss under extraordinary losses.」
The Group recognised an impairment loss of ¥1,351 million relating to 株式会社ファースト, comprising ¥373 million in goodwill, ¥598 million in technology assets and ¥379 million in customer-related assets. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2021WorsenedAnnual report
「If the performance of consolidated subsidiary 株式会社ファースト in the fiscal year ended March 2022 deteriorates compared with the current consolidated fiscal year due to a renewed major increase in the spread of COVID-19, among other factors, the likelihood that a substantial impairment loss will be required may increase.」
The impairment risk relating to 株式会社ファースト was specified, and impairment indicators were identified for intangible fixed assets with an aggregate carrying amount of ¥1,522 million at the end of March 2021. However, no impairment loss was recognised during the current fiscal year. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The disclosure states that there have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2020WorsenedAnnual report
「If the performance of consolidated subsidiary 株式会社ファースト in the fiscal year ended March 2021 falls significantly below the initial plan due to the impact of COVID-19, among other factors, the likelihood that a substantial impairment loss will be required may increase.」
The impairment risk was specified in relation to 株式会社ファースト, with the total intangible fixed assets at the time of its acquisition of ¥1,864 million and their carrying amount at the end of March 2020 of ¥1,646 million also disclosed. No impairment had occurred as of the filing date. - FY2020-Q3RestatedAnnual report
「There were no material changes during the third quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2020-Q2RestatedAnnual report
「There were no material changes during the second quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2019RestatedAnnual report
「The Group records investment securities held for policy purposes to strengthen business partnerships. If these assets are impaired due to a decline in value resulting from deteriorating profitability or other factors, the Group's business performance may be affected.」
The disclosure continues to address the risks of declines in value and impairment of investment securities and other assets. During the current fiscal year, the Group recognised an impairment loss on investment securities of ¥20 million, while selling one unlisted shareholding and recognising a gain on the sale of ¥207 million. - FY2019-Q3RestatedAnnual report
「There were no material changes during the third quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of impairment of goodwill, investment securities and other assets. The impairment loss on investment securities of ¥20 million has been recognised as the cumulative result. - FY2019-Q2MaterialisedAnnual report
「Impairment loss on investment securities — 20」
The Group recognised an impairment loss on investment securities of ¥20 million in the cumulative second quarter, and the risk of a decline in the value of investment securities materialised. It also disclosed plans to sell one unlisted shareholding as a subsequent event and recognise a gain on the sale of investment securities of ¥207 million. - FY2019-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2018MaterialisedAnnual report
「The primary reason for the increase was the recognition of an impairment loss on investment securities of ¥180 million in the current consolidated fiscal year.」
The risk of a decline in the value of investment securities materialised as an impairment loss on investment securities of ¥180 million. - FY2018-Q3RestatedAnnual report
「There were no material changes during the third quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2018-Q2RestatedAnnual report
「There were no material changes during the second quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
There have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2018-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of impairment of investment securities and other assets. - FY2017SoftenedAnnual report
「The Group records investment securities held for policy purposes to strengthen business partnerships. If these assets are impaired due to a decline in value resulting from deteriorating profitability or other factors, the Group's business performance may be affected.」
The risk disclosure for the current fiscal year is limited to investment securities and other assets, with the reference to goodwill disclosed in the previous fiscal year omitted. - FY2017-Q3RestatedAnnual report
「There were no material changes during the third quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2017-Q2RestatedAnnual report
「There were no material changes during the second quarter of the current consolidated cumulative period in abnormal fluctuations in the financial position, results of operations or cash flows, or in the matters concerning risks of the business described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of impairment of goodwill, investment securities and other assets. - FY2016First statedAnnual report
「The Group records goodwill arising from business acquisitions and investment securities held for policy purposes to strengthen business partnerships. If these assets are impaired due to a decline in value resulting from deteriorating profitability or other factors, the Group's business performance may be affected.」
The Group identifies impairment and declines in value of goodwill and investment securities held for policy purposes, among other assets, as risks.