Goodwill Impairment Losses
First written in FY2017. 3 of 4 entries say "Materialised", first in FY2018. Latest entry: FY2020.
Axel Mark moved to the "Worse" side of this theme in 2018, 6 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".
- FY2020MaterialisedAnnual report
「Software: ¥129.665 million; buildings, tools, fixtures and equipment: ¥12.484 million; total: ¥142.149 million」
In addition to lower expected recoveries of earnings from game titles, the Company recorded total impairment losses of ¥142.149 million on assets associated with the partial termination of its head office lease. - FY2019-Q2MaterialisedAnnual report
「Because development of a game title in progress was discontinued and earnings from game titles in operation were no longer expected to be recovered within the originally anticipated period, an impairment loss was recorded as an extraordinary loss. The impairment loss recorded during the six-month period of the second quarter of the current fiscal year was ¥482.872 million.」
The Company recorded an impairment loss of ¥482.872 million due to the discontinuation of game-title development and lower expected recoveries of earnings. - FY2018MaterialisedAnnual report
「Because the originally anticipated earnings and other factors were no longer expected, the carrying amount of the asset group associated with the business was reduced to its recoverable amount, and the resulting reduction of ¥78.649 million was recorded as an impairment loss.」
Regarding the risk of impairment of goodwill when profitability declines, the Company actually recorded total impairment losses of ¥78.649 million, including ¥56.247 million in goodwill related to .yell plus. - FY2017First statedAnnual report
「If the Group’s profitability declines due to significant changes in the business environment or business conditions, the resulting impairment loss on goodwill could affect the Group’s business and financial performance.」
The Company identifies impairment losses on goodwill arising from business acquisitions and acquisitions of companies when profitability declines as a risk.