Impairment Risk Relating to OLIC’s Goodwill
First written in FY2017. 4 of 8 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2023: 35 of 97 companies on the "Worse" side.
32 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「Goodwill 88 －」
OLIC goodwill declined from ¥88 million at the end of the previous consolidated fiscal year to zero, eliminating the balance subject to goodwill impairment risk. - FY2024-Q2MitigatedAnnual report
「Goodwill 412 251」
The goodwill balance declined from ¥412 million at the end of the previous consolidated fiscal year to ¥251 million, reducing the balance subject to the impairment risk associated with OLIC goodwill. - FY2024-Q1MitigatedAnnual report
「Goodwill 412 332」
The goodwill balance declined from ¥412 million at the end of the previous consolidated fiscal year to ¥332 million, reducing the balance subject to the impairment risk associated with OLIC goodwill. - FY2022RestatedAnnual report
「Goodwill on the consolidated balance sheet at the end of the current consolidated fiscal year amounted to ¥691 million. Like other fixed assets, goodwill is subject to impairment accounting. If the profitability of OLIC (Thailand) Limited declines due to significant changes in the business environment or business operations, the resulting goodwill impairment loss could affect the operating results and financial position of our Group.」
Continues to describe the impairment risk associated with OLIC goodwill and discloses a goodwill balance of ¥691 million. - FY2021RestatedAnnual report
「Goodwill on the consolidated balance sheet at the end of the current consolidated fiscal year amounted to ¥865 million. Like other fixed assets, goodwill is subject to impairment accounting. If the profitability of OLIC (Thailand) Limited declines due to significant changes in the business environment or business operations, the resulting goodwill impairment loss could affect the operating results and financial position of our Group.」
Discloses that the impairment risk associated with OLIC goodwill continues to be described and that the goodwill balance has reached ¥865 million. - FY2020RestatedAnnual report
「Goodwill on the consolidated balance sheet at the end of the current consolidated fiscal year amounted to ¥1,144 million. Like other fixed assets, goodwill is subject to impairment accounting. If the profitability of OLIC declines due to significant changes in the business environment or business operations, the resulting goodwill impairment loss could affect the operating results and financial position of our Group.」
Continues to describe the impairment risk associated with OLIC goodwill, with the goodwill balance standing at ¥1,144 million. - FY2018RestatedAnnual report
「We plan to amortize the goodwill recognized on a straight-line basis over 12 years. Goodwill on the consolidated balance sheet at the end of the current consolidated fiscal year amounted to ¥1,764 million. Like other fixed assets, goodwill is subject to impairment accounting. If the profitability of OLIC declines due to significant changes in the business environment or business operations, the resulting goodwill impairment loss could affect the operating results and financial position of our Group.」
Continues to describe the impairment risk associated with OLIC goodwill. The goodwill balance declined from ¥1,976 million in the previous fiscal year to ¥1,764 million. The policy of straight-line amortization over 12 years is also specified. - FY2017First statedAnnual report
「Goodwill on the consolidated balance sheet at the end of the current consolidated fiscal year amounted to ¥1,976 million. Like other fixed assets, goodwill is subject to impairment accounting. If the profitability of OLIC declines due to significant changes in the business environment or business operations, the resulting goodwill impairment loss could affect the operating results and financial position of our Group.」
Describes the risk of an impairment loss if the profitability of the ¥1,976 million in goodwill recognized in connection with the acquisition of OLIC declines.