Goodwill impairment due to post-acquisition earnings shortfalls
First written in FY2016. 10 of 13 entries say "Restated". Latest entry: 2026-06-06.
Zozo 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 2024: 36 of 89 companies on the "Worse" side.
25 other companies' latest entry also says "Worsened".
- 2026-06-06WorsenedGeneral Meetings of Shareholders
「LYST fell below plan against a backdrop of weakness in the luxury industry, particularly in Western markets, and changes to the U.S. tariff system, resulting in an overall shortfall against plan.」
The company reported that LYST fell below plan, but did not state that a goodwill impairment had occurred. - FY2026-H1WorsenedAnnual report
「Goodwill and customer-related assets are amortized on a straight-line basis over their estimated useful lives. The valuation of goodwill and customer-related assets uses estimates and assumptions regarding future cash flows and discount rates based on business plans. If these estimates need to be revised due to changes in future business plans or the business environment, an impairment loss may arise.」
The acquisition of LYST resulted in the recognition of ¥20,594 million of goodwill and ¥1,862 million of customer-related assets, among other items, increasing exposure to impairment risk arising from revisions to future cash flow forecasts and business plans. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2017-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes in the risk of goodwill impairment due to failure to achieve expected earnings after an acquisition. - FY2016First statedAnnual report
「Although the Company believes that the goodwill appropriately reflects future earnings potential, if the expected results are not achieved due to changes in the business environment or other factors, the Company may recognize an impairment loss on the goodwill, which may affect the Group's financial position and operating results.」
While disclosing this as a risk, the company also states that it fully impaired ¥471 million of goodwill related to Bracket, Inc. in the previous consolidated fiscal year, documenting an actual occurrence of the same type of risk.