Integration of the LINOMY business through the acquisition of Kumar Co., Ltd. as a subsidiary
First written in FY2017-Q1. 3 of 7 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020WorsenedAnnual report
「Because the excess earning power anticipated when the shares of digwell Co., Ltd. (formerly Kumar Co., Ltd.) were acquired could no longer be expected, the company recognized the unamortized balance of goodwill as an impairment loss. The reduction in goodwill resulting from this event was ¥125 million for the fiscal year.」
For digwell, formerly Kumar, the anticipated excess earning power could no longer be expected, and the company recognized an impairment loss of ¥127 million, including ¥125 million in goodwill. - FY2020-Q3WorsenedAnnual report
「In addition, because the excess earning power anticipated when the shares of consolidated subsidiary digwell Co., Ltd. (formerly Kumar Co., Ltd.) were acquired could no longer be expected, the company recognized an impairment loss of ¥127 million by impairing the unamortized balance of goodwill and related intangible assets.」
For digwell, formerly Kumar, the excess earning power anticipated at the time of the share acquisition could no longer be expected, and the company recognized an impairment loss of ¥127 million on goodwill and other assets. - FY2019ReframedAnnual report
「The businesses of the consolidated subsidiaries Game8 Co., Ltd. and digwell Co., Ltd. grew steadily, with Game8 Co., Ltd. making a particularly significant contribution to consolidated results.」
The previous Kumar is now described as digwell, and the wording has shifted from the former reference to making the LINOMY media platform for women a subsidiary to describing digwell's results as those of a consolidated subsidiary. - FY2017RestatedAnnual report
「Kumar Co., Ltd. operates the LINOMY media platform for women. The business combination was carried out primarily to establish a new earnings base.」
The company continues to include Kumar and LINOMY as consolidated subsidiaries and position them as a new earnings base. - FY2017-Q3RestatedAnnual report
「Because 30 June 2016, Kumar Co., Ltd.'s quarterly closing date, was treated as the acquisition date, the quarterly consolidated statement of income for the nine-month period ended 31 December 2016 includes Kumar's results for the 6 months from 1 July 2016 through 31 December 2016.」
The company continued consolidating Kumar after making it a subsidiary, incorporating the company's results for the 6 months into the nine-month period under review. - FY2017-Q2RestatedAnnual report
「Because 30 June 2016, Kumar Co., Ltd.'s quarterly closing date, was treated as the acquisition date, the quarterly consolidated statement of income for the six-month period ended 30 September 2016 includes Kumar's results for the 3 months from 1 July 2016 through 30 September 2016.」
The company continued consolidating Kumar after making it a subsidiary, incorporating the company's results for the 3 months from July through September 2016 into the six-month period under review. - FY2017-Q1First statedAnnual report
「Kumar Co., Ltd. operates the LINOMY media platform for women. The business combination was carried out primarily to establish a new earnings base.」
Kumar Co., Ltd. became a wholly owned subsidiary through a share acquisition on 8 July 2016. The purchase consideration was ¥471 million, and the group brought in its web service development and operations business and the LINOMY media platform for women.