High goodwill-to-total-assets ratio and impairment risk
First written in FY2018. 11 of 22 entries say "Restated". Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「As a result, recoverable amount exceeded carrying amount.」
The goodwill balance was high at ¥12,284.217 million, while recoverable amount exceeded carrying amount in the impairment tests for both 信和株式会社 on a standalone basis and Yagumi Group. Goodwill as a percentage of total assets decreased to 38.4%. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no indications of impairment of goodwill or trademarks with indefinite useful lives.」
The impairment risk associated with the high goodwill balance remains, but the disclosure states that there were no indications of impairment during the interim period. - FY2025WorsenedAnnual report
「As of the end of the consolidated fiscal year, the Group recognized goodwill of ¥12,264.652 million in non-current assets, representing a high 40.9% of total assets.」
Goodwill increased by ¥3,042.882 million following the acquisition of Yagumi Group, bringing the balance to ¥12,264.652 million. The impairment test indicated that recoverable amount exceeded carrying amount, but exposure to goodwill increased. - FY2025-H1WorsenedAnnual report
「The main factors were increases of ¥1,691 million in property, plant and equipment and ¥3,299 million in goodwill.」
Goodwill increased by ¥3,299 million following the acquisition of Yagumi Group as a subsidiary, bringing the goodwill balance to ¥12,521 million. Although the Group stated that there were no indications of impairment, its exposure to the high goodwill balance and impairment risk increased. - FY2024WorsenedAnnual report
「If estimated cash flows for each future period decreased by 8.2% or the pretax discount rate increased by 1.47%, recoverable amount and carrying amount would be equal.」
The goodwill balance remains high at ¥9,221.769 million, or 44.6% of total assets. Although recoverable amount exceeds carrying amount, the sensitivity at the break-even point has narrowed further from the previous fiscal year's 18.7% decrease in cash flows and 2.39% increase in the discount rate. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The high goodwill balance and impairment risk remain, but the disclosure states that there were no indications of acquisition, disposal or impairment during the second quarter. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of impairment of goodwill or trademarks with indefinite useful lives during the first quarter of the current fiscal year. - FY2023WorsenedAnnual report
「If estimated cash flows for each future period decreased by 18.7% or the pretax discount rate increased by 2.39%, recoverable amount and carrying amount would be equal.」
The goodwill balance of ¥9,221.769 million, representing 43.3% of total assets, remains. Although recoverable amount exceeds carrying amount, the sensitivity at the break-even point has narrowed from the previous fiscal year's 45.8% decrease in cash flows and 10.15% increase in the discount rate. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of impairment of goodwill or trademarks with indefinite useful lives during the second quarter. - FY2022MitigatedAnnual report
「At the end of the fiscal year ended March 2022, the Group determined based on the impairment test that value in use based on future cash flows, or recoverable amount, exceeded the carrying amount. If estimated cash flows for each future period decreased by 45.8% or the pretax discount rate increased by 10.15%, recoverable amount and carrying amount would be equal.」
The goodwill balance is ¥9,221.769 million, or a high 46.3% of total assets, but recoverable amount exceeds carrying amount and sensitivity has increased from the previous fiscal year. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of impairment of goodwill or trademarks with indefinite useful lives during the third quarter of the current fiscal year. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of impairment of goodwill or trademarks with indefinite useful lives during the first quarter of the current fiscal year. - FY2021MitigatedAnnual report
「At the end of the fiscal year ended March 2021, the Group determined based on the impairment test that value in use based on future cash flows, or recoverable amount, exceeded the carrying amount. If estimated cash flows for each future period decreased by 37.4% or the pretax discount rate increased by 4.58%, recoverable amount and carrying amount would be equal.」
The goodwill balance of ¥9,221.769 million remains, but recoverable amount exceeded carrying amount in the impairment test and sensitivity improved from the previous fiscal year. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of acquisition, disposal or impairment of goodwill and trademarks with indefinite useful lives during the second quarter. - FY2021-Q1WorsenedAnnual report
「Accordingly, the Group made accounting estimates, including the valuation of goodwill and intangible assets, assets acquired through business combinations and trademarks with indefinite useful lives, based on the assumption that the decrease in demand for the Group's products due to COVID-19 would continue at least through September 2020.」
The assumption that the decrease in demand due to COVID-19 would continue at least through September 2020 was reflected in accounting estimates, including the valuation of goodwill and intangible assets. The Group stated, however, that there were no indications of impairment during the quarter. - FY2020MitigatedAnnual report
「At the end of the fiscal year ended March 2020, the Group determined based on the impairment test that value in use based on future cash flows, or recoverable amount, exceeded the carrying amount. If estimated cash flows for each future period decreased by 34.1% or the pretax discount rate increased by 4.19%, recoverable amount and carrying amount would be equal.」
The high goodwill balance of ¥9,221.769 million, representing 42.7% of total assets, remains, but recoverable amount exceeded carrying amount in the impairment test and the sensitivity has been quantified. - FY2020-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of impairment of goodwill or other assets during the quarter. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of impairment of goodwill or other assets during the quarter. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
The disclosure reconfirms that there were no indications of impairment of goodwill or other assets during the quarter. - FY2019MitigatedAnnual report
「For the goodwill and trademarks with indefinite useful lives, the recoverable amount of the cash-generating unit was sufficiently higher than its carrying amount at the end of the consolidated fiscal year. Accordingly, the Group expects that even if the key assumptions change within a reasonable range, it is unlikely that the recoverable amount of the cash-generating unit will fall below its carrying amount.」
The goodwill balance of ¥9,221.769 million remains, but the disclosure states that the recoverable amount was sufficiently higher than the carrying amount in the impairment test. - FY2019-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no acquisitions, disposals or indications of impairment of goodwill or trademarks with indefinite useful lives.」
Regarding the impairment risk associated with goodwill and other assets, the disclosure states that there were no indications of impairment during the quarter. No material change in the risk itself is indicated. - FY2018First statedAnnual report
「As of the end of the consolidated fiscal year, goodwill of ¥9,221.769 million was recognized in non-current assets, representing a high 43.7% of total assets.」
The disclosure states that recoverable amount and carrying amount would be equal if future cash flows decreased by 27.5% or the pretax discount rate increased by 3.97%.