Risks Related to Business Development Following M&A, Investment Recovery and Goodwill Impairment
First written in FY2024-Q3. 1 of 3 entries say "Worsened", first in FY2024. Latest entry: 2026-09-08.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- 2026-09-08RestatedGeneral Meetings of Shareholders
「No indication of impairment of goodwill was identified during the current consolidated fiscal year.」
Although no indication of goodwill impairment was identified, the company states that an impairment loss could be recognized in the next consolidated fiscal year if future cash flows differ from estimates, reconfirming the existing risk of goodwill impairment following M&A. - FY2024WorsenedAnnual report
「The company considers whether there are any indications of goodwill impairment. If an indication is identified, it estimates the undiscounted future cash flows over the period corresponding to the remaining amortization period of the goodwill based on the business plan, compares them with the carrying amount, and determines whether an impairment loss must be recognized. No indication of goodwill impairment was identified during the consolidated fiscal year under review.」
M&A increased the goodwill balance from ¥159.105 million to ¥810.685 million. No indication of impairment was identified during the current fiscal year, but estimates of future cash flows based on the medium-term business plan have become important. - FY2024-Q3First statedAnnual report
「However, despite the investigation and consideration undertaken in advance, if the market or competitive environment changes significantly after an acquisition, or if for any other reason the acquired business cannot be developed as planned and the invested funds cannot be recovered, the group's results may be affected by additional expenses or goodwill impairment.」
Alongside its policy of actively pursuing M&A, the company explicitly identifies as risks changes in the market and competitive environment after an acquisition, failure to meet plans, inability to recover investments, and the impact on results from additional expenses or goodwill impairment.