Uncertainty in estimates related to goodwill impairment
First written in FY2022. 2 of 6 entries say "Restated". Latest entry: FY2027-H1.
SHINTO Holdings moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2019: 5 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「(Material changes in the amount of goodwill) There were no material occurrences or changes.」
The goodwill balance decreased from ¥931.490 million to ¥882.822 million, but no material changes or impairment loss were disclosed for the interim period. The risk of goodwill impairment related to future business plans continues. - FY2026WorsenedAnnual report
「Goodwill of ¥931.490 million is recorded under intangible fixed assets in the consolidated balance sheet for the consolidated fiscal year.」
The goodwill balance increased from ¥224.328 million in the previous fiscal year to ¥931.490 million as a result of making 北山商事, 龍一商事 and 栄新商事 subsidiaries. No impairment loss was recorded, but uncertainty regarding expected future orders and other factors continues. - FY2025Goodwill recorded again; impairment risk continuesAnnual report
「Goodwill of ¥224.328 million is recorded under intangible fixed assets in the consolidated balance sheet for the consolidated fiscal year. ... No loss was recorded during the consolidated fiscal year.」
After fully impairing goodwill in the previous fiscal year, the company recorded ¥224.328 million of goodwill again upon making 北山商事 a subsidiary. No impairment loss was recorded during the year, but the company continues to disclose uncertainty regarding expected orders and the possibility of future losses. - FY2024MaterialisedAnnual report
「As all goodwill was fully impaired during the consolidated fiscal year, there is no unamortized balance.」
The risk previously disclosed as the possibility of an impairment loss due to uncertainty regarding future economic conditions and the subsidiary's plans materialized as a full impairment of ¥42.418 million of goodwill. - FY2023RestatedAnnual report
「The subsidiary's business plan, which forms the basis for determining whether an impairment loss should be recognized and calculating recoverable amount, includes assumptions such as expected future orders and sales and is subject to uncertainty. Accordingly, changes in uncertain future economic conditions and other factors may result in a loss in the next consolidated fiscal year.」
Goodwill decreased to ¥63.627 million. No impairment loss was recognized during the year, but the company continues to disclose the uncertainty of future estimates concerning the subsidiary's expected orders and the possibility of losses. - FY2022First statedAnnual report
「Goodwill of ¥84.836 million is recorded under intangible fixed assets in the assets section of the consolidated balance sheet for the consolidated fiscal year. The subsidiary's business plan includes assumptions such as expected future orders and sales, and is subject to uncertainty. Accordingly, changes in uncertain future economic conditions and other factors may result in a loss in the next consolidated fiscal year.」
The company states that the ¥84.836 million of goodwill is subject to impairment risk because the subsidiary's business plan, including expected orders, is uncertain due to such factors as expected future sales. No subsidiary recognized a loss during the year.