Declining Profitability of Certain Loss-Making Media Businesses and Impairment
First written in FY2018-Q1. 5 of 16 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2026.
Showcase moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「During the consolidated fiscal year, the Company recognized impairment losses on asset groups for which operating income or operating cash flow had remained negative and recovery was not expected.」
The DX Cloud business incurred an impairment loss of ¥136.351 million, down from ¥528.024 million in the previous fiscal year. - FY2024WorsenedAnnual report
「During the consolidated fiscal year, the Company recognized impairment losses on asset groups for which operating income or operating cash flow had remained negative and recovery was not expected, as well as software that was no longer expected to be used (idle assets).」
The impairment loss on fixed assets increased to ¥528.024 million, including ¥522.992 million in the DX Cloud business and ¥15.041 million on idle software at the head office, among other items. - FY2024-H1MaterialisedAnnual report
「The Company recorded an impairment loss on fixed assets in the DX Cloud business. The impairment loss recorded during the interim consolidated accounting period was ¥15.041 million.」
In addition to the former media and marketing-related assets, an impairment loss of ¥15.041 million was actually incurred in the DX Cloud business. - FY2022-Q3MaterialisedAnnual report
「The Company recorded an impairment loss on fixed assets in the information and communications-related business. The impairment loss recorded during the first 3 quarters of the consolidated accounting period was ¥1.687 million.」
An impairment loss on fixed assets of ¥1.687 million was recorded in the information and communications-related business, resulting in an actual decline in asset value. - FY2022-Q2MaterialisedAnnual report
「In the Information and Communications-Related Business, the company recognized an impairment loss on fixed assets. The impairment loss recognized during the cumulative consolidated period through the second quarter was ¥1.687 million.」
After recording an impairment loss of ¥223 thousand in the advertising and media business in the previous fiscal year, the Company incurred an impairment loss on fixed assets of ¥1.687 million in the information and communications-related business during the current quarter. - FY2021MaterialisedAnnual report
「Impairment loss － ¥223 thousand」
No impairment loss on fixed assets was recorded in the previous fiscal year, but an impairment loss of ¥223 thousand was recorded in the advertising and media business in the current fiscal year. - FY2020MitigatedAnnual report
「For the consolidated fiscal year (from 1 January 2020 to 31 December 2020), there were no applicable items.」
No impairment loss on fixed assets was recorded in the fiscal year ended December 2020, and no new impairment related to declining profitability at the media and other businesses, as disclosed through the previous fiscal year, occurred. - FY2020-Q3MitigatedAnnual report
「For the first 3 quarters of the consolidated accounting period (from 1 January 2020 to 30 September 2020), there were no applicable items.」
The Company states that no impairment loss on fixed assets was recorded for the first 3 quarters of the consolidated accounting period. - FY2020-Q2MitigatedAnnual report
「For the first 2 quarters of the consolidated accounting period (from 1 January 2020 to 30 June 2020), there were no applicable items.」
The Company states that no impairment loss on fixed assets was recorded for the first 2 quarters of the consolidated accounting period. - FY2019RestatedAnnual report
「During the consolidated fiscal year, the Company recognized an impairment loss on asset groups whose profitability had declined and for which recovery of the carrying amounts of fixed assets was no longer expected.」
Due to service discontinuations and declining profitability, an impairment loss of ¥23.443 million was recorded on assets of the Marketing SaaS business, advertising and media business, and other businesses. - FY2019-Q3RestatedAnnual report
「The Company recognized an impairment loss on the asset groups associated with the operating assets of the Marketing SaaS business, goodwill associated with certain operations of other businesses, and the head office's shared assets because they were no longer expected to be used in the future following service discontinuations and other events, and because declining business profitability made recovery of the carrying amounts of fixed assets unlikely.」
The explanation continues to state that an impairment loss of ¥23.236 million was recorded on assets that were no longer expected to be used in the future due to service discontinuations and declining profitability. - FY2019-Q2RestatedAnnual report
「The Company recognized an impairment loss on the asset groups associated with the operating assets of the Marketing SaaS business, goodwill associated with certain operations of other businesses, and the head office's shared assets because they were no longer expected to be used in the future following service discontinuations and other events, and because declining business profitability made recovery of the carrying amounts of fixed assets unlikely.」
The explanation continues to state that an impairment loss of ¥23.236 million was recorded on assets that were no longer expected to be used in the future due to service discontinuations and declining profitability. - FY2019-Q1ReframedAnnual report
「The Company recognized an impairment loss on the asset groups associated with the operating assets of the Marketing SaaS business, goodwill associated with certain operations of other businesses, and the head office's shared assets because they were no longer expected to be used in the future following service discontinuations and other events, and because declining business profitability made recovery of the carrying amounts of fixed assets unlikely.」
In addition to the former media business, impairment charges were extended to the operating assets of the Marketing SaaS business, goodwill of other businesses, and shared head office assets due to service discontinuations and declining profitability. The impairment loss was ¥23.236 million. - FY2018WorsenedAnnual report
「For the media business, the Company recognized an impairment loss on the asset group associated with the business because its profitability had declined and recovery of the carrying amount of its fixed assets was no longer expected.」
Due to declining profitability in the media business, the impairment loss increased from ¥44.518 million in the quarterly disclosure to ¥152.443 million in the full-year results, including goodwill. - FY2018-Q2RestatedAnnual report
「For certain media businesses, the Company recognized an impairment loss on the asset group associated with the businesses because their profitability had declined and recovery of the carrying amount of their fixed assets was no longer expected.」
The recognition of an impairment loss of ¥44.518 million due to declining profitability and the loss of recoverability at certain media businesses continues to be disclosed in the notes. - FY2018-Q1MaterialisedAnnual report
「For certain media businesses, the Company recognized an impairment loss on the asset group associated with the businesses because their profitability had declined and recovery of the carrying amount of their fixed assets was no longer expected.」
As declining profitability in certain media businesses made recovery of fixed assets unlikely, an impairment loss of ¥44.518 million, including goodwill, was recorded.