Impairment Risk from Software Development Investment
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 19 of 45 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If significant changes in the software's future plans or usage, software obsolescence or other factors substantially reduce its revenue-generating or cost-saving effects, making software impairment necessary, this may affect the Group's business operations, financial results and financial position.」
The company reiterates the impairment risk arising from a decline in the software's future revenue-generating and cost-saving effects. - FY2023RestatedAnnual report
「If significant changes in the software's future plans or usage, software obsolescence or other factors substantially reduce its revenue-generating or cost-saving effects, making software impairment necessary, this may affect the Group's business operations, financial results and financial position.」
The company reiterates the impairment risk arising from a decline in the software's future revenue-generating and cost-saving effects. - FY2022First statedAnnual report
「If significant changes in the software's future plans or usage, software obsolescence or other factors substantially reduce its revenue-generating or cost-saving effects, making software impairment necessary, this may affect the Group's business operations, financial results and financial position.」
Software and software under development totaled ¥203.090 million at the end of March 2022, and impairment testing is based on assumptions including the future number of contracts and cancellations.