Goodwill Impairment Risk
First written in FY2019. 5 of 13 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Adventure moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2023: 35 of 97 companies on the "Worse" side.
54 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「For the consolidated fiscal year (1 July 2025 to 30 June 2026), regarding goodwill associated with TABIKOBO Co.Ltd., a consolidated subsidiary in the travel business, the company conducted an impairment test at TABIKOBO Co.Ltd. and found that value in use was below fair value less costs of disposal. The recoverable amount was calculated based on fair value less costs of disposal, and because it was below the carrying amount, an impairment loss of ¥191,651 thousand was recognized on the goodwill.」
The goodwill impairment risk materialized, and goodwill impairment losses of ¥191,651 thousand at TABIKOBO, ¥127,826 thousand at HELLO1010 and ¥319,477 thousand in total were recognized. Goodwill at the end of the period was ¥2,649,681 thousand. - FY2026-H1WorsenedAnnual report
「Goodwill mainly represents excess earning power and synergies with existing businesses.」
The goodwill balance increased from ¥2,214.522 million at the end of the previous fiscal year to ¥2,995.684 million at the end of the interim period. Goodwill of ¥763.820 million was recognised in connection with the business combination involving the Five Star Group, increasing the balance subject to impairment risk. - FY2024MaterialisedAnnual report
「At Vacations, a consolidated subsidiary in the travel business, the recoverable amount of the cash-generating unit including goodwill fell below its carrying amount. The assets were therefore impaired to their recoverable amount, and an impairment loss of ¥83.246 million was recognised in 'Other expenses' in the consolidated statement of profit or loss.」
The impairment risk associated with goodwill materialised, and an impairment loss of ¥83.246 million was recognised for the cash-generating unit including goodwill at Vacations. The goodwill balance at period-end was ¥2,986.066 million. - FY2024-Q2WorsenedAnnual report
「Goodwill 612,172 3,041,811」
The goodwill balance increased from ¥612.172 million at the end of June 2023 to ¥3,041.811 million at the end of December 2023. Goodwill was recognised in connection with the business combinations involving Tabikobo and Ayabex, substantially increasing the balance subject to impairment risk. No impairment loss itself was stated. - FY2023-Q2WorsenedAnnual report
「Goodwill 529,172 617,172」
Goodwill of ¥88.000 million was recognised in connection with the succession of the accommodation business, increasing the goodwill balance from ¥529.172 million at the end of June 2022 to ¥617.172 million at the end of December 2022. No new impairment loss was stated. - FY2022-Q3Further decrease in goodwill balanceAnnual report
「Goodwill 1,101,295 529,172」
The goodwill balance decreased from ¥1,101.295 million at the end of June 2021 to ¥529.172 million at the end of March 2022. Goodwill of ¥553.392 million related to Cosmic Distribution Industry and Cosmic GC System was classified as assets held for sale. - FY2021Further decrease in goodwill balanceAnnual report
「As of the end of June 2021, the Group had goodwill of ¥1,101 million. If the profitability of acquired companies or businesses declines significantly in the future, requiring recognition of an impairment loss, this could affect the Group's results.」
The goodwill balance decreased from ¥1,818 million at the end of June 2020 to ¥1,101 million at the end of June 2021. The Group continued to disclose impairment risk arising from declining profitability. - FY2021-Q1Decrease in goodwill balanceAnnual report
「Goodwill 1,818,327 1,137,580」
The goodwill balance on the consolidated statement of financial position decreased from ¥1,818.327 million at 30 June 2020 to ¥1,137.580 million at 30 September 2020. The decrease included changes in the scope of consolidation associated with the disposal of subsidiaries and other factors; no new impairment loss was stated in the text. - FY2020MaterialisedAnnual report
「The impairment loss recognised on goodwill during the consolidated fiscal year was ¥585 million. The corresponding carrying amount at the end of the consolidated fiscal year was ¥1,818 million.」
The impairment risk associated with goodwill arising from the expansion of acquisitions materialised, and an impairment loss of ¥585.588 million was recognised on goodwill related to wundou and Gallery Rare. - FY2019First statedAnnual report
「As of the end of June 2019, the Group had goodwill of ¥2,535 million. If the profitability of acquired companies or businesses declines significantly in the future, requiring recognition of an impairment loss, this could affect the Group's results.」
Alongside the expansion of acquisitions, the Group newly disclosed impairment risk related to the ¥2,535 million of goodwill at the end of June 2019 as a separate item, due to declining profitability at acquired companies and businesses.