Goodwill Impairment at Acquired Companies and Failure to Meet Business Plans
First written in FY2022. 3 of 3 entries say "Materialised", first in FY2022. Latest entry: FY2026.
Tsi Holdings moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2023: 35 of 97 companies on the "Worse" side.
54 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Following a review of its earnings plan, HUF Worldwide,LLC conducted an impairment test under U.S. GAAP. In addition, the carrying amounts of stores that had been decided for closure, stores with recurring operating losses, stores associated with brands approved for closure, and assets approved for transfer were reduced to their recoverable amounts, and the reduction of ¥1,878 million was recognised as an impairment loss under extraordinary losses.」
Following a review of the earnings plan for the acquired HUF Worldwide business, an impairment loss, including ¥1,083 million in goodwill and trademark rights, was recognised. - 2026-04-13MaterialisedEarnings presentation
「The goodwill impairment loss for the U.S. business was recorded as an extraordinary loss.」
Goodwill impairment related to an acquired company and overseas operations was actually recorded. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, we recognised an impairment loss of ¥2,699 million on goodwill related to ㈱上野商会. The carrying amount of the goodwill related to the company after recognition of the impairment loss was ¥95 million.」
For 株式会社上野商会, an impairment loss of ¥2,699 million on goodwill was recognised against a backdrop of lower sales due to COVID-19 and a variance from the original business plan. The company also stated that a review of the medium-term business plan could result in additional impairment.