Increase in Assets Through M&A in the Language-Related Business
First written in FY2019-Q3. 1 of 7 entries say "Materialised", first in FY2023. Latest entry: FY2023.
Kyoshin moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 51 of 96 companies on the "Worse" side.
67 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「During the current consolidated fiscal year, the company recognized impairment losses on goodwill and other assets related to 株式会社アイ・シー・シー, 株式会社リッチ, 株式会社ヒューマンライフ and English Language Company Australia Pty Ltd. The impairment losses recognized were ¥253.712 million in the language-related business and ¥197.666 million in the childcare and nursing-care businesses.」
The company recognized impairment losses of ¥253.712 million in the language-related business and ¥197.666 million in the childcare and nursing-care businesses, for a total of ¥509.204 million, representing a substantial increase in impairment of M&A-related assets. - FY2023-Q2Recognition of goodwill impairment in the language-related, childcare and nursing-care businessesAnnual report
「We recognized impairment losses on goodwill and other assets in the Language-Related Business segment and the Childcare and Nursing Care Business segment. The amounts recognized were ¥51.741 million in the Language-Related Business segment and ¥197.666 million in the Childcare and Nursing Care Business segment.」
The company recognized impairment losses on goodwill and other assets of ¥51.741 million in the language-related business and ¥197.666 million in the childcare and nursing-care businesses. Goodwill decreased by ¥42.587 million and ¥110.791 million, respectively. - FY2021Full-year recognition of impairment loss on language-related goodwillAnnual report
「As a result, the company recognized a ¥20.137 million impairment loss during the current consolidated fiscal year on goodwill arising from acquisitions in the language-related business.」
The company recognized a full-year impairment loss of ¥20.137 million on goodwill from acquisitions in the language-related business, against a backdrop of declining customer numbers and other effects of the pandemic. - FY2020Full-year confirmation of goodwill impairment amountAnnual report
「Because the pandemic made cross-border travel difficult and domestic Japanese-language schools and overseas sites underperformed, the company recognized an ¥87 million impairment loss on goodwill related to 株式会社アイ・シー・シー's Japanese-language education business as an extraordinary loss in the consolidated statement of income for the current consolidated fiscal year.」
The company recognized an ¥87 million full-year impairment loss on goodwill related to 株式会社アイ・シー・シー in response to poor performance caused by the pandemic and restrictions on international travel. - FY2020-Q3Decrease in assets due to goodwill impairmentAnnual report
「In the Language-Related Business segment, the company recognized an impairment loss on goodwill and other assets arising from the acquisition of its consolidated subsidiary 株式会社アイ・シー・シー. The impairment loss recognized during the cumulative third quarter of the current fiscal year was ¥91.974 million. (Significant change in the amount of goodwill) In the Language-Related Business segment, the amount of goodwill decreased because the company recognized an impairment loss on goodwill and other assets. The decrease in goodwill resulting from these events was ¥87.837 million during the cumulative third quarter of the current fiscal year.」
In the Language-Related Business, the company recognized a ¥91.974 million impairment loss on goodwill and other assets arising from the acquisition of 株式会社アイ・シー・シー, reducing goodwill by ¥87.837 million. - FY2019Full-year update to language-related business assetsAnnual report
「Segment assets: ¥4,007.739 million」
Reflecting the acquisitions of English Language Company Australia, 株式会社ダイナミック・ビジネス・カレッジ and others, segment assets in the Language-Related Business amounted to ¥4,007.739 million. - FY2019-Q3First statedAnnual report
「The increase in assets in the Language-Related Business segment resulting from the companies becoming consolidated subsidiaries was ¥961.695 million.」
The assets of the Language-Related Business segment increased by ¥961.695 million as English Language Company Australia and 株式会社ダイナミック・ビジネス・カレッジ became consolidated subsidiaries.