Goodwill impairment loss arising from the acquisition of a subsidiary
First written in FY2021. . Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024Additional goodwill impairment loss arising in the recycling businessAnnual report
「Kanai Sangyo Co., Ltd. in the recycling business recorded an impairment loss of ¥79.939 million because losses from operating activities continued. The loss comprised buildings of ¥17.170 million, structures of ¥4.812 million, machinery and equipment of ¥1.968 million, land of ¥7.443 million, goodwill of ¥48.544 million and other assets of ¥0.」
In addition to the previously reported ¥27.557 million in goodwill relating to Chubu Yakuhin Kogyo, ¥48.544 million in goodwill relating to Kanai Sangyo was recorded as an impairment loss arising from the acquisition of subsidiaries. - FY2021First statedAnnual report
「Because the earnings originally expected when the acquisition agreement was concluded for the goodwill arising from the acquisition of its consolidated subsidiary 株式会社中部薬品工業 could no longer be expected, the Company reduced the carrying amount of the asset to zero and recorded the resulting ¥27.557 million reduction as an impairment loss under extraordinary losses.」
The entire ¥27.557 million in goodwill arising from the acquisition of Chubu Yakuhin Kogyo was impaired because the earnings anticipated at the time of acquisition were no longer expected to be realized.