Software Impairment
First written in FY2023. 3 of 5 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Because software used in the platform business supports SaaS services delivered over the internet, where technological innovation is rapid, the Company has conservatively set its estimated useful life at 3 years.」
The Company continues to disclose a 3-year useful life for SaaS-related software and impairment risk from changes in plans and service obsolescence. - FY2025RestatedAnnual report
「Because software used in the platform business supports SaaS services delivered over the internet, where technological innovation is rapid, the Company has conservatively set its estimated useful life at 3 years.」
The Company continues to disclose a 3-year useful life for SaaS-related software and impairment risk from changes in plans and obsolescence. - FY2024-Q3RestatedAnnual report
「The Company had recorded development costs for certain Mansion Summary functions in software under development. Because the development restart date for some functions has not been determined following a change in the development plan, they were classified as idle assets, and their carrying amount was reduced to recoverable amount and recorded as an impairment loss. Recoverable amount was measured using value in use and assessed at zero because no future cash flows were expected.」
The Company continues to disclose the classification of certain SaaS-related functions as idle assets and the impairment loss caused by the changed development plan and undecided restart date. - FY2024-Q2MaterialisedAnnual report
「The Company had recorded development costs for certain Mansion Summary functions in software under development. Because the development restart date for some functions has not been determined following a change in the development plan, they were classified as idle assets, and their carrying amount was reduced to recoverable amount and recorded as an impairment loss. Recoverable amount was measured using value in use and assessed at zero because no future cash flows were expected.」
A change in the development plan and an undecided restart date resulted in certain SaaS-related functions becoming idle assets and an actual impairment loss of ¥9.993 million. - FY2023First statedAnnual report
「Because software used in the platform business supports SaaS services delivered over the internet, where technological innovation is rapid, the Company has conservatively set its estimated useful life at 3 years. It aims to avoid impairment by responding appropriately to customer needs. However, if major changes in future plans or usage, service obsolescence or other factors substantially impair expected revenue generation or cost savings and software impairment becomes necessary, the Company’s results of operations and financial position could be affected.」
The Company sets a 3-year useful life for SaaS-related software and discloses impairment risk from changes in plans, obsolescence and other factors.