Performance Downside at M&A and Investment Targets and Goodwill Impairment Risk
First written in FY2023-Q2. 3 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 39 of 92 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, the company identified indicators of impairment and considered recognizing an impairment loss because goodwill and customer-related assets were relatively substantial and actual operating profit was below the amount in the initial business plan, partly due to revisions to the contract with Japan Post Co., Ltd. for outsourced Yu-Mail delivery services for direct-mail shipments.」
The company identified indicators of impairment for goodwill and customer-related assets related to MCC. However, no impairment loss was recognized because undiscounted future cash flows exceeded the carrying amount. - FY2026-H1MitigatedAnnual report
「Proceeds from the sale of shares in affiliates ¥300.000 million; this resulted from the sale of all shares in seawise株式会社, formerly an equity-method affiliate of the Company.」
The sale of all shares in seawise株式会社 reduced the Group’s exposure to investment and equity-method accounting risks related to the company. M&A-related risks concerning Finance Produce and メールカスタマーセンター remain. - FY2024-Q3RestatedAnnual report
「株式会社ファイナンス・プロデュース, which became a consolidated subsidiary in November 2022, and メールカスタマーセンター株式会社, which became a consolidated subsidiary in October 2023, are expected to make significant contributions to the Group’s results in the future. However, if results fall below initial expectations due to changes in the business environment or other factors, goodwill impairment or other charges may arise and affect the Group’s results and financial position.」
The Company continues to disclose the risk that underperformance at the 2 companies or goodwill impairment could affect the Group’s results and financial position. - FY2024-Q2WorsenedAnnual report
「株式会社ファイナンス・プロデュース, which became a consolidated subsidiary in November 2022, and メールカスタマーセンター株式会社, which became a consolidated subsidiary in October 2023, are expected to make significant contributions to the Group’s results in the future. However, if results fall below initial expectations due to changes in the business environment or other factors, goodwill impairment or other charges may arise and affect the Group’s results and financial position.」
The scope of the risks related to underperformance at M&A and investment targets and goodwill impairment has expanded from Finance Produce to include メールカスタマーセンター. - FY2023RestatedAnnual report
「No indications of goodwill impairment were identified during the consolidated fiscal year.」
While recognising the risks of underperformance at M&A and investment targets and goodwill impairment, the Company states that there were no indications of impairment during the year. - FY2023-Q3RestatedAnnual report
「However, if results fall below initial expectations due to changes in the business environment or other factors, goodwill impairment or other charges may arise and affect the Group’s results and financial position.」
The Company reiterates the risks of underperformance and goodwill impairment related to its investments in Finance Produce and seawise株式会社. - FY2023-Q2First statedAnnual report
「However, if results fall below initial expectations due to changes in the business environment or other factors, goodwill impairment or other charges may arise and affect the Group’s results and financial position.」
In connection with the consolidation of Finance Produce and the investment in seawise株式会社, the Company indicates that underperformance at investee companies or goodwill impairment could affect the Group’s results and financial position.