Risk of impairment of goodwill arising from acquisitions
First written in FY2017. 4 of 6 entries say "Materialised", first in FY2019. Latest entry: FY2021.
FreeBit moved to the "Worse" side of this theme in 2019, 5 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".
- FY2021MaterialisedAnnual report
「Because the personal-use MVNO business of 株式会社ドリーム・トレイン・インターネット was no longer expected to generate the earnings initially projected, the company recognized an impairment loss. This consisted of ¥300.939 million in goodwill.」
An impairment loss of ¥300.939 million arose on goodwill associated with the personal-use MVNO business because the expected earnings were not achieved. - FY2021-Q3SoftenedAnnual report
「Because the company sold all of its shares in its former consolidated subsidiary 株式会社フリービットEPARKヘルスケア (now Kusurinomadoguchi,Inc.) in October 2020, the risks relating to the recognition of goodwill and other matters concerning 株式会社フリービットEPARKヘルスケア (now Kusurinomadoguchi,Inc.), described in the previous fiscal year’s Annual Securities Report under “(4) Other, ① M&A and Other Matters,” no longer apply.」
The risks relating to the recognition of goodwill and other matters concerning the healthtech subsidiary ceased to apply following its sale. However, impairment risks remain for other assets and goodwill, including those associated with the personal-use MVNO and ad technology businesses. - FY2021-Q2MaterialisedAnnual report
「Because the personal-use MVNO business was no longer expected to generate the earnings initially projected, the company recognized an impairment loss. This consisted of ¥300.939 million in goodwill.」
An impairment loss arose on ¥300.939 million in goodwill associated with the personal-use MVNO business because the expected earnings could no longer be achieved. - FY2020MaterialisedAnnual report
「However, the company was required to recognize an extraordinary loss of ¥1,461.952 million as an impairment loss.」
An impairment loss of ¥1,461.952 million actually arose in areas including healthtech, real estate tech, ad tech and edtech. The revision of business plans in light of COVID-19 was also a factor contributing to the impairment. - FY2019MaterialisedAnnual report
「Because the information media site was no longer expected to generate the earnings initially projected, the company recognized an impairment loss. This consisted of ¥73.226 million in goodwill.」
Actual impairment losses arose on goodwill associated with acquisitions, comprising ¥73.226 million for Clyde’s information media site and ¥6.126 million for Peakwell’s pharmaceutical sales business. - FY2017First statedAnnual report
「The Group’s performance could be affected by impairment losses arising if expected results are not sufficiently achieved due to changes in the management or business environment.」
The company identifies impairment losses on goodwill associated with the acquisitions of フルスピード and フリービットEPARKヘルスケア as a risk if the expected results are not achieved.