Impact on business performance from goodwill impairment
First written in FY2020. 1 of 16 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2026.
Rakus moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Group records goodwill and customer-related assets arising from business acquisitions, and additional goodwill and other assets may arise and increase as a result of future M&A transactions.」
The Group has expanded the scope of the previous goodwill impairment risk to include customer-related assets, and has identified post-merger integration, due diligence and plan monitoring as mitigation measures. - FY2026-H1Interim goodwill balance updatedAnnual report
「The main factors were increases of ¥358 million in tools, equipment and fixtures and ¥108 million in guarantee deposits, as well as decreases of ¥2,556 million in investment securities and ¥166 million in goodwill, among other factors.」
The goodwill balance decreased by ¥166 million from ¥1,363 million at the end of the previous consolidated fiscal year to ¥1,197 million at the end of the interim period. No impairment was disclosed. - FY2025-H1Interim goodwill balance updatedAnnual report
「The main factors were a decrease of ¥166 million in goodwill and increases of ¥789 million in investment securities, ¥555 million in tools, equipment and fixtures, and ¥265 million in deferred tax assets, among other factors.」
The goodwill balance decreased by ¥166 million from ¥1,696 million at the end of the previous consolidated fiscal year to ¥1,530 million at the end of the interim consolidated fiscal period. - FY2024Goodwill Balance UpdatedAnnual report
「As of the end of the fiscal year ended March 2024, the Group recorded ¥1,696 million in goodwill arising from business acquisitions. Progress has generally been in line with the earnings plan prepared at the time of acquisition, and the Group has determined that there are no indications of impairment. However, if the goodwill is impaired due to a deterioration in profitability or other factors, this could affect the Group's performance.」
In connection with the acquisition of RAKUS HR Tech, updated the goodwill balance from ¥464 million at the end of the previous fiscal year to ¥1,696 million. Although there are no indications of impairment, the Group continues to disclose the risk of impairment due to a deterioration in profitability. - FY2024-Q3Goodwill Balance UpdatedAnnual report
「The main factors were a decrease of ¥51 million in deferred tax assets and increases of ¥2,103 million in customer-related assets, ¥1,315 million in goodwill, ¥284 million in tools, equipment and fixtures, and ¥64 million in buildings and structures.」
In connection with the acquisition of RAKUS HR Tech as a subsidiary, goodwill increased by ¥1,315 million, bringing the balance at the end of the third quarter to ¥1,779 million. No impairment was disclosed. - FY2024-Q2Goodwill Balance UpdatedAnnual report
「This was mainly due to increases of ¥2,139 million in customer-related assets, ¥1,399 million in goodwill, ¥247 million in tools, equipment and fixtures, and ¥95 million in deferred tax assets.」
In connection with the acquisition of RAKUS HR Tech, goodwill increased by ¥1,399 million from the end of the previous consolidated fiscal year, bringing the balance at the end of the second quarter to ¥1,863 million. - FY2024-Q1Goodwill Balance UpdatedAnnual report
「Although deferred tax assets decreased by ¥136 million, goodwill by ¥40 million, and guarantee deposits by ¥26 million,」
The goodwill balance decreased from ¥464 million at the end of March 2023 to ¥423 million at the end of June 2023. No impairment was disclosed. - FY2023Goodwill Balance UpdatedAnnual report
「As of the end of the fiscal year ended March 2023, the Group recorded ¥464 million in goodwill arising from business acquisitions. Progress has generally been in line with the earnings plan prepared at the time of acquisition, and the Group has determined that there are no indications of impairment. However, if the goodwill is impaired due to a deterioration in profitability or other factors, this could affect the Group's performance.」
Updated the goodwill balance from ¥627 million at the end of the fiscal year ended March 2022 to ¥464 million. Although there are no indications of impairment, the Group continues to disclose the risk of impairment due to a deterioration in profitability. - FY2023-Q2MaterialisedAnnual report
「At an unconsolidated subsidiary, an impairment loss was recognized on investments in an affiliate because actual results deviated from the projected earnings plan. Impairment loss on investments in affiliates 25」
Due to the deviation between the earnings plan and actual results at an unconsolidated subsidiary, an impairment loss was recognized on investments in an affiliate, and an impairment loss on investments in affiliates of ¥25 million was recorded as an extraordinary loss. - FY2023-Q1Goodwill Balance UpdatedAnnual report
「This was mainly due to decreases of ¥85 million in deferred tax assets, ¥40 million in goodwill, and ¥30 million in tools, equipment and fixtures, among other factors.」
The goodwill balance decreased from ¥627 million at the end of March 2022 to ¥586 million at the end of June 2022. No impairment was disclosed. - FY2022Goodwill Balance UpdatedAnnual report
「As of the end of the fiscal year ended March 2022, the Group recorded ¥627 million in goodwill arising from business acquisitions.」
Updated the goodwill balance arising from business acquisitions from ¥668 million to ¥627 million. Although results were generally in line with the earnings plan and the Group determined that there were no indications of impairment, it continues to disclose the risk of impairment due to a deterioration in profitability. - FY2022-Q3Goodwill Balance UpdatedAnnual report
「Goodwill 791 668」
The goodwill balance decreased from ¥791 million at the end of March 2021 to ¥668 million at the end of December 2021. No impairment was disclosed. - FY2022-Q2Goodwill Balance UpdatedAnnual report
「Goodwill 791 709」
The goodwill balance decreased from ¥791 million at the end of March 2021 to ¥709 million at the end of September 2021. - FY2022-Q1Goodwill Balance UpdatedAnnual report
「Goodwill 791 750」
The goodwill balance decreased from ¥791 million at the end of March 2021 to ¥750 million at the end of June 2021. - FY2021Goodwill Balance UpdatedAnnual report
「As of the end of the fiscal year ended March 2021, the Group recorded ¥791.680 million in goodwill arising from business acquisitions.」
Updated the goodwill balance arising from business acquisitions from ¥955.476 million to ¥791.680 million. Although results were generally in line with the earnings plan and the Group determined that there were no indications of impairment, it continues to disclose the risk of impairment due to a deterioration in profitability. - FY2020First statedAnnual report
「As of the end of the fiscal year ended March 2020, the Group recorded ¥955.476 million in goodwill arising from business acquisitions. Progress has generally been in line with the earnings plan prepared at the time of acquisition, and no decline in performance attributable to COVID-19 has been observed. Although the Group has determined that there are no indications of impairment, if the goodwill is impaired due to a deterioration in profitability or other factors, this could affect the Group's performance.」
The Group has disclosed the possibility of impairment of ¥955.476 million in goodwill arising from business acquisitions due to a deterioration in profitability or other factors as a newly identified risk. As of the filing date, results were generally in line with the earnings plan, and there were no indications of impairment.