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FreeBit (3843) · RiskMaterialised

Impairment of Systems in the Ad Technology Business

First written in FY2018-Q2. 6 of 7 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2021.

7entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q3MaterialisedFY2019-Q3 – FY20212017: 12018: 120182019: 220192020: 220202021: 12021
Same theme, other companies
Impairment due to declining profitability at certain services in the Media and Ad Tech businessA theme 6 companies write about · 6 as a headwind · 0 as a tailwind

FreeBit moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).

0 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2021MaterialisedAnnual report

    「For the signage assets used in 株式会社クライド's ad technology business, impairment losses have been recognized because the originally anticipated revenue is no longer expected. The breakdown is ¥17 million for goodwill and ¥11.220 million for other assets.」

    An impairment loss of ¥28.220 million arose on signage assets in the ad technology business because anticipated revenue was not achieved. An impairment loss of ¥97.266 million was also recognized for Rita's location-based advertising platform.
  2. FY2021-Q2MaterialisedAnnual report

    「For certain businesses in the ad technology business, the assumption was changed to reflect the impact of the infectious disease lasting longer than initially expected. As a result, because a recovery in the originally anticipated profitability of those businesses is no longer expected, an impairment loss of ¥126.556 million was recognized on the fixed assets of the asset group related to those businesses.」

    An impairment loss of ¥126.556 million arose in the asset group for the ad technology business following a change in the assumption that the impact of COVID-19 would be prolonged.
  3. FY2020MaterialisedAnnual report

    「For 株式会社クライド's systems, impairment losses have been recognized because the originally anticipated revenue is no longer expected. The breakdown is ¥5.934 million for software.」

    Impairment losses continued to arise for systems and other assets in the ad technology business because anticipated revenue was not achieved.
  4. FY2019MaterialisedAnnual report

    「Impairment losses have been recognized for the systems because the originally anticipated revenue is no longer expected. The breakdown is ¥120 thousand for buildings and structures, ¥30.220 million for tools, equipment and fixtures, and ¥55.564 million for software.」

    An impairment loss of ¥85.905 million was recognized in the fiscal-year results for Clyd's systems in the ad technology business.
  5. FY2019-Q3MaterialisedAnnual report

    「For certain systems at 株式会社クライド, impairment losses have been recognized because the originally anticipated revenue is no longer expected. The breakdown is ¥120 thousand for building fixtures, ¥30.220 million for tools, equipment and fixtures, ¥45.845 million for software, and ¥9.718 million for other intangible assets.」

    An impairment loss of ¥85.905 million was again recognized for certain systems in the ad technology business because the originally anticipated revenue is no longer expected.
  6. FY2018-Q3RestatedAnnual report

    「In the ad technology business, impairment losses were recognized because some systems were no longer expected to generate the revenue originally anticipated. The impairment loss recognized for the cumulative third quarter of the current consolidated fiscal year was ¥128.6 million.」

    The company continued to disclose an impairment loss of ¥128.6 million on certain systems in the ad technology business because they were no longer expected to generate the revenue originally anticipated.
  7. FY2018-Q2MaterialisedAnnual report

    「In the ad technology business, impairment losses were recognized because some systems were no longer expected to generate the revenue originally anticipated. The impairment loss recognized for the cumulative second quarter of the current consolidated fiscal year was ¥128.6 million.」

    An impairment loss of ¥128.6 million was actually incurred on systems that were no longer expected to generate the revenue originally anticipated.
Moved together

"Risk of impairment of goodwill arising from acquisitions" moved the same way as this thread, in the same document, in 4 of its 7 moves.

433222★123456
  1. ★This thread
  2. 1Risk of impairment of goodwill arising from acquisitions4×
  3. 2Impact of Advertising Market and Business-Cycle Fluctuations on the Ad Technology Business3×
  4. 3Intensifying Competition in the MVNO, MVNE and Cloud Markets3×
  5. 4Risk of Full Repayment of Borrowings upon Breach of Financial Covenants2×
  6. 5Sustained Growth in the Ad Technology Business2×
  7. 6Business expansion in Health Tech, IoT and PropTech2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Impairment of Systems in the Ad Technology Business | FreeBit Co.,Ltd. (3843) | Komori