Goodwill impairment arising from lower profitability
First written in FY2018-Q3. 3 of 5 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2026.
Creek & River moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 5 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Recognized impairment losses on software under development and goodwill deemed unrecoverable due to lower profitability and recorded them as extraordinary losses.」
Recorded impairment losses of ¥30.843 million on software under development and ¥43.266 million on goodwill during the fiscal year, realizing again the risk of goodwill impairment due to lower profitability. - FY2024-Q3RestatedAnnual report
「During the nine months ended the third quarter, recognized an impairment loss on goodwill deemed unrecoverable due to lower profitability and recorded it as an extraordinary loss. The recoverable amount of goodwill was calculated on the assumption that its value in use was zero.」
Continued to disclose the ¥39.924 million goodwill impairment loss due to lower profitability for the nine months ended the third quarter. - FY2024-Q1MaterialisedAnnual report
「Minato-ku, Tokyo Other Goodwill ¥39.924 million Recognized an impairment loss on goodwill deemed unrecoverable due to lower profitability during the three months ended the first quarter and recorded it as an extraordinary loss.」
Actually recorded a ¥39.924 million impairment loss on goodwill deemed unrecoverable due to lower profitability. - FY2018RestatedAnnual report
「Recognized an impairment loss on goodwill deemed unrecoverable due to lower profitability and recorded it as an extraordinary loss.」
The ¥19.213 million goodwill impairment loss due to lower profitability was also confirmed in the full-year accounting notes. - FY2018-Q3MaterialisedAnnual report
「In the Other segment, the carrying amount at the end of the third quarter of goodwill deemed unrecoverable due to lower profitability has been recorded as an impairment loss. The impairment loss recorded for the nine months ended the third quarter was ¥19.213 million.」
Actually recorded a ¥19.213 million impairment loss on goodwill deemed unrecoverable due to lower profitability.