Impairment of Software for the Company’s Services and DELCUI Assets
First written in FY2022. 2 of 2 entries say "Materialised", first in FY2022. Latest entry: FY2023.
Neojapan moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「The assets in Bangkok, Thailand referred to above are held by the consolidated subsidiary NEO THAI ASIA Co., Ltd. As the company has continued to incur operating losses and impairment indicators were identified, the company assessed future recoverability, reduced the carrying amount to the recoverable amount, and recognized the reduction as an impairment loss.」
Due to NEO THAI ASIA's continuing operating losses, the company recognized impairment losses of ¥709 thousand on tools, furniture and fixtures and ¥861 thousand on software, for a total of ¥1,571 thousand. - FY2022MaterialisedAnnual report
「The software used to provide the Company’s services had not generated the revenue initially expected, indicating possible impairment. After reviewing future recoverability, the Company reduced its carrying amount to its recoverable amount and recognized the reduction as an impairment loss. The assets in California, U.S., are held by consolidated subsidiary DELCUI Inc. As the subsidiary has continued to incur operating losses and indicators of impairment were identified, the Company reviewed future recoverability, reduced the carrying amount to the recoverable amount, and recognized the reduction as an impairment loss.」
Recognized total impairment losses of ¥49.208 million, including ¥41.800 million for software used to provide the Company’s services and ¥7.408 million for DELCUI Inc.’s U.S. assets, with recoverable amounts assessed at zero in both cases.