Declining Profitability of Subsidiary’s Web Business and Goodwill Impairment
First written in FY2019. 2 of 5 entries say "Reframed", first in FY2021. Latest entry: FY2024.
Sharingtechnology moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Value in use substantially exceeds the carrying amount of the cash-generating unit or group of cash-generating units. We determined that it is unlikely that value in use would fall below the carrying amount even if the key assumptions used in the impairment test changed within a reasonably foreseeable range.」
The company continues impairment testing for the goodwill of アズサポート株式会社 and has determined that value in use substantially exceeds the carrying amount and that the likelihood of impairment is low even if the assumptions change within a reasonable range. - FY2023ReframedAnnual report
「The recoverable amount used in the impairment test for goodwill allocated to the cash-generating unit of 藤澤不動産株式会社 was calculated based on value in use. We determined that no impairment loss on goodwill needed to be recognized during the current consolidated fiscal year.」
The focus shifted from the previous impairment resulting from the declining profitability of the subsidiary's web business to the impairment test for ¥116.775 million of goodwill arising from the acquisition of 藤澤不動産株式会社. The company determined that no impairment loss needed to be recognized during the fiscal year. - FY2022MitigatedAnnual report
「Current consolidated fiscal year (30 September 2022) There are no applicable matters.」
No impairment loss was disclosed for the current fiscal year in relation to the large-scale ¥918.894 million impairment of goodwill and intangible assets recorded in the previous fiscal year. - FY2021ReframedAnnual report
「During the current consolidated fiscal year, we recognized an impairment loss of ¥918.894 million because the recoverable amount of the cash-generating unit, including goodwill, of ¥273.891 million fell below its carrying amount.」
The scope and impact expanded from the ¥22.422 million goodwill impairment in the previous fiscal year resulting from the declining profitability of the subsidiary's web business to a large-scale ¥918.894 million impairment of goodwill, intangible assets and property, plant and equipment in the single “everyday problems” business. - FY2019MaterialisedAnnual report
「The impairment loss mainly relates to goodwill. The impairment loss recognized during the current consolidated accounting period includes a ¥22.422 million impairment loss on goodwill recognized in the web business following the decline in profitability of the subsidiary's web business.」
The company discloses for the first time the ¥22.422 million goodwill impairment resulting from the decline in profitability of the subsidiary's web business as an actual performance and asset-value risk.