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Paraca (4809) · InitiativeFirst stated

Postponement of Parking Payment App Release and Impairment of Related Software

First written in FY2021-Q3. . Latest entry: FY2021-Q3.

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Impairment Loss on Company-Wide Software with No Expected Future UseA theme 26 companies write about · 26 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.

4 other companies' latest entry also says "First stated".

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Showing 14 of the 26 companies compared. The sentences above are computed from all 26.
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  1. FY2021-Q3First statedAnnual report

    「As the prolonged impact of COVID-19 delayed the recovery in the company's earnings beyond previous expectations, the company decided to defer the launch of its parking payment app indefinitely because upfront investment to make existing payment machines compatible with app payments and campaigns such as coupon distribution at launch would be premature. In connection with the deferral, the company recognized the full ¥112 million balance of software under construction related to the parking payment app, including associated systems, as an impairment loss.」

    The launch of the parking payment app was deferred indefinitely because investment to make existing payment machines compatible and launch campaigns were deemed premature. In connection with the deferral, the full ¥112 million balance of related software under construction was recorded as an impairment loss.
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Paraca's next results are scheduled for 2026-11-06. Read the earnings preview
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Postponement of Parking Payment App Release and Impairment of Related Software | Paraca Inc. (4809) | Komori