Goodwill Impairment at Overseas Subsidiaries Due to Failure to Meet Expected Earnings
First written in FY2017-Q1. 9 of 22 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Cross Marketing Group moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 17 of 32 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Goodwill of ¥474.315 million arose during the fiscal year from the consolidation of 株式会社DIGITALIO as a subsidiary.」
Goodwill of ¥474.315 million arose from the addition of DIGITALIO as a subsidiary, bringing the goodwill balance to ¥1,505.734 million. The acquisition increased assets subject to potential impairment if future earnings fall short. - 2026-08-10WorsenedEarnings
「Impairment loss 20,891 62,317」
The impairment loss increased from ¥20.891 million in the prior fiscal year to ¥62.317 million. - FY2025MaterialisedAnnual report
「Goodwill of ¥202.844 million arose during the fiscal year from the consolidation of Coum株式会社 as a subsidiary and the acquisition of the business of 株式会社ネクストレンド. At Kadence International Private Limited (India) and 株式会社オルタナエクス, both consolidated subsidiaries, the carrying amounts of goodwill, software, tools, furniture and fixtures, and other assets were reduced to their recoverable amount (value in use) because profitability had declined significantly and the expected earnings could no longer be anticipated. The reduction was recognized as an impairment loss under extraordinary losses.」
While ¥202.844 million of goodwill arose from new acquisitions and other transactions, impairment losses were incurred at the India operations and オルタナエクス due to declining profitability and other factors, bringing impairment losses for the fiscal year to ¥20.891 million. - FY2025-H1MitigatedAnnual report
「2. Information on impairment losses on fixed assets, goodwill and other items by reportable segment There are no applicable items.」
No new impairment losses relating to property, plant and equipment, goodwill or other assets were reported for the interim consolidated accounting period. The goodwill balance declined from ¥1,233 million at the end of the previous fiscal year to ¥1,105 million. - FY2024-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, 株式会社トラフィックス was included in the scope of consolidation following the acquisition of its shares. As a result, goodwill in the Digital Marketing Business increased by ¥65.623 million.」
Goodwill in the Digital Marketing Business increased by ¥65.623 million following the addition of トラフィックス as a consolidated subsidiary, increasing the assets potentially subject to impairment if future earnings fall short. No new impairment loss is reported this time. - FY2024-Q2MitigatedAnnual report
「Not applicable.」
No new impairment losses relating to property, plant and equipment, goodwill or other assets were reported for the six-month period ended 30 September. The risk of impairment of subsidiary goodwill that arose in the previous period has not emerged as a new loss during the period. - FY2023MaterialisedAnnual report
「Goodwill was ¥622.633 million and impairment losses were ¥32.288 million for the fiscal year. Goodwill of ¥390.829 million arose from the consolidation of 株式会社Infidex, 株式会社MDIU and 株式会社トキオ・ゲッツ as subsidiaries during the fiscal year.」
Goodwill of ¥390.829 million arose from the addition of new subsidiaries, bringing the goodwill balance to ¥622.633 million. Meanwhile, as expected earnings were no longer anticipated for Skip and Nofre Foods, an impairment loss of ¥32.288 million, including ¥24.341 million in goodwill, was recognized. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended 31 December, 株式会社Infidex and 株式会社MDIU were included in the scope of consolidation following the acquisition of their shares. As a result, goodwill in the Digital Marketing Business increased by ¥100.549 million.」
The ¥100.549 million increase in goodwill in the Digital Marketing Business associated with the acquisitions of Infidex and MDIU has again been disclosed. No new impairment loss is reported this time. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended in the second quarter of the current fiscal year, 株式会社Infidex and 株式会社MDIU were included in the scope of consolidation as a result of the acquisition of additional shares. As a result, goodwill in the Digital Marketing Business increased by ¥100.549 million.」
As a result of Infidex and MDIU becoming consolidated subsidiaries, goodwill in the Digital Marketing Business increased by ¥100.549 million. Although no new impairment loss is reported this time, the asset base that could become subject to impairment if future earnings fall short has expanded. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, 株式会社Infidex was included in the scope of consolidation as a result of the acquisition of additional shares. As a result, goodwill in the Digital Marketing Business increased by ¥56.610 million.」
As a result of Infidex becoming a consolidated subsidiary, goodwill in the Digital Marketing Business increased by ¥56.610 million, expanding the asset base that could become subject to impairment if future earnings fall short. No new impairment loss is reported this time. - FY2022WorsenedAnnual report
「Current fiscal year Goodwill ¥381.254 million Goodwill of ¥272.810 million arose during the current fiscal year in connection with the consolidation of スキップ株式会社, 株式会社REECH, ノフレ食品株式会社 and ノフレコミュニケーションズ株式会社 as subsidiaries.」
The goodwill balance increased to ¥381.254 million following new acquisitions, with ¥272.810 million of new goodwill recognized. The asset base exposed to impairment risk if expected earnings are not achieved has expanded. - FY2021MaterialisedAnnual report
「Because Kadence International Pte.Ltd. (SGP) and Kadence International,PT (Indonesia), both consolidated subsidiaries of the Company, can no longer be expected to generate the earnings originally anticipated, the carrying amounts of tools, fixtures and equipment and software were reduced to their recoverable amounts (value in use), with the reduction recognized as an impairment loss and recorded as an extraordinary loss.」
Impairment due to shortfalls against expected earnings continues to occur at the Singapore and Indonesia operations. - FY2020MaterialisedAnnual report
「Because Kadence International Private Limited (IND), Kadence International Limited (Thailand), Kadence International Inc. (Philippines), Markelytics Solutions India Private Limited, Markelytics Solutions Asia Pte. Ltd., Medical World Panel Asia Pte.Ltd. and Kompanion Research Private Limited, all consolidated subsidiaries of the Company, can no longer be expected to generate the earnings originally anticipated, and because the goodwill attributable to ㈱リサーチ・アンド・ディベロプメント, which ceased to exist through an absorption-type merger effective 1 October 2020 with ㈱クロス・マーケティング as the surviving company, can no longer be expected to generate the earnings originally anticipated, the carrying amounts of goodwill, buildings, tools, fixtures and equipment, software and other assets were reduced to their recoverable amounts (value in use), with the reduction recognized as an impairment loss and recorded as an extraordinary loss.」
After no new impairment had been reported in the previous fiscal year, impairment losses totaling ¥85.101 million were actually recognized for multiple locations in India, Thailand, the Philippines and Singapore, among others, as well as for domestic subsidiaries. - FY2020-Q4MitigatedAnnual report
「2. Information on impairment losses on fixed assets, goodwill and other items by reportable segment There are no applicable items.」
Although impairment of ¥1,060.451 million on goodwill and other assets of overseas subsidiaries was recognized in the same period of the previous year, no new impairment loss is reported for the six-month period ended in the second quarter of the current fiscal year. - FY2019MaterialisedAnnual report
「Because Kadence International Limited (UK), Kadence International Inc. (USA), Kadence International Business Reserch Pte.Ltd. (Singapore) and Kadence International,PT (Indonesia), all consolidated subsidiaries of the Company, can no longer be expected to generate the earnings originally anticipated, the carrying amounts of goodwill, tools, fixtures and equipment, and other assets were reduced to their recoverable amounts (value in use), with the reduction recognized as an impairment loss and recorded as an extraordinary loss.」
Impairment due to shortfalls against expected earnings actually occurred at 4 companies in the UK, US, Singapore and Indonesia, resulting in an impairment loss of ¥1,085.808 million. - FY2020-Q1MaterialisedAnnual report
「In the Research Business, because Kadence International Limited (UK), Kadence International Inc. (USA), Kadence International Business Reserch Pte.Ltd. (Singapore) and Kadence International,PT (Indonesia), all consolidated subsidiaries of the Company, can no longer be expected to generate the earnings originally anticipated, the entire carrying amount of goodwill, tools, fixtures and equipment, and other assets, ¥1,049.326 million, has been recognized as an impairment loss and recorded as an extraordinary loss.」
Impairment losses of ¥1,049.326 million due to shortfalls against expected earnings were recognized at 4 companies in the UK, US, Singapore and Indonesia, meaning the risk materialized again in the current fiscal year. - FY2019-Q4MaterialisedAnnual report
「In the Research Business, because Kadence International Limited (UK), Kadence International Inc. (USA), Kadence International Business Reserch Pte.Ltd. (Singapore) and Kadence International,PT (Indonesia), all consolidated subsidiaries of the Company, can no longer be expected to generate the earnings originally anticipated, the entire carrying amount of goodwill, tools, fixtures and equipment, and other assets, ¥1,060.451 million, has been recognized as an impairment loss and recorded as an extraordinary loss.」
Impairment losses due to shortfalls against expected earnings actually occurred at 4 companies in the UK, US, Singapore and Indonesia, resulting in an impairment loss of ¥1,060.451 million. - FY2018-Q4MitigatedAnnual report
「2. Information on impairment losses on fixed assets, goodwill and other items by reportable segment There are no applicable items.」
Although impairment losses due to shortfalls against expected earnings had arisen at multiple subsidiaries through the previous fiscal year, no new impairment losses on fixed assets or goodwill are reported for the six-month period ended in the second quarter of the current fiscal year. - FY2017WorsenedAnnual report
「Because Kadence International Limited (HK), Markelytics Solutions India Private Limited, MedePanel Online Inc., Kadence International Private Limited (IND), Jupiter MR Solutions Co., Ltd. and ㈱ショッパーズアイ, all consolidated subsidiaries of the Company, can no longer be expected to generate the earnings originally anticipated, the entire carrying amount of the related goodwill, software and other assets, ¥735.685 million, has been recognized as an impairment loss and recorded as an extraordinary loss.」
Impairment due to shortfalls against expected earnings spread across multiple overseas and domestic subsidiaries, with ¥735.685 million of goodwill, software and other assets, as well as ¥215.529 million of additional goodwill related to contingent consideration, recognized as impairment losses. - FY2018-Q1WorsenedAnnual report
「In the Research Business, because Kadence International Limited (HK), Markelytics Solutions India Private Limited, MedePanel Online Inc., Kadence International Private Limited (IND), Jupiter MR Solutions Co., Ltd. and ㈱ショッパーズアイ, all consolidated subsidiaries of the Company, can no longer be expected to generate the earnings originally anticipated, the entire carrying amount of the related goodwill, ¥658.877 million, has been recognized as an impairment loss and recorded as an extraordinary loss. In addition, because payment of contingent consideration for the acquisition was finalized at Kadence International,PT (IDN) and one other company, ¥215.529 million of goodwill additionally recognized in relation to amounts attributable to periods through the third quarter of the current fiscal year has been recognized as an impairment loss and recorded as an extraordinary loss.」
Goodwill impairment due to shortfalls against expected earnings expanded from the previous Vietnam and Hong Kong cases to multiple overseas and domestic subsidiaries, resulting in an impairment loss of ¥658.877 million. An additional ¥215.529 million impairment loss on goodwill arising from contingent consideration is also reported. - FY2017-Q4MaterialisedAnnual report
「In the Research Business, because Kadence International Limited (HK), a consolidated subsidiary of the Company, can no longer be expected to generate the earnings originally anticipated, the entire carrying amount of the related goodwill, ¥62.113 million, has been recognized as an impairment loss and recorded as an extraordinary loss.」
Because the expected earnings at Kadence International Limited (HK) could no longer be anticipated, an impairment loss covering the entire ¥62.113 million of goodwill was newly recognized. - FY2017-Q1MaterialisedAnnual report
「In the Research Business, because Kadence International Company Ltd. (Vietnam), a consolidated subsidiary of the Company, can no longer be expected to generate the earnings originally anticipated, the entire carrying amount of the related goodwill, ¥33.849 million, has been recognized as an impairment loss and recorded as an extraordinary loss.」
Because the expected earnings at Kadence Vietnam could no longer be anticipated, an impairment loss covering the entire ¥33.849 million of goodwill was recognized.