Sharp Decline in PCR Testing Demand and Impairment of Related Software
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2022: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risk associated with the sharp decline in demand for PCR testing and impairment of related software. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The Company states that there have been no material changes in the risk associated with the sharp decline in demand for PCR testing and impairment of related software. - FY2024-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risk associated with the sharp decline in demand for PCR testing and impairment of related software. - FY2023First statedAnnual report
「On the other hand, following the reclassification of COVID-19 to Category 5 under the Infectious Diseases Control Law, demand for PCR testing declined substantially from May 2023. As a result, the Company recorded an impairment loss, classified as an extraordinary loss, on software related to PCR testing referral services in its Life Media Tech business.」
The disclosure describes an actual decline in demand for PCR testing referrals due to changes in the external environment and the recording of an impairment loss of ¥20,427 thousand during the fiscal year.