Decline in value and impairment of software assets held by a U.S. subsidiary
First written in FY2020-Q3. 1 of 2 entries say "Materialised", first in FY2020. Latest entry: FY2020.
SRA Holdings moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 5 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Because the investment was expected to be difficult to recover due to declining profitability, the company reduced the carrying amount of the asset to its recoverable amount and recognized the reduction as an impairment loss.」
An impairment loss of ¥1,039 million was recognized on the software assets of the US subsidiary due to declining profitability and a change in investment policy. - FY2020-Q3First statedAnnual report
「In the Sales Business segment, following a review of the asset value of a US subsidiary, the company recognized an impairment loss on the relevant software assets and recorded an impairment loss on property, plant and equipment of ¥1,046 million.」
The company recognized an impairment loss on the software assets of its US subsidiary following a review of their asset value, resulting in an actual impairment loss on property, plant and equipment of ¥1,046 million.