Goodwill Impairment and Loss on Business Withdrawal Associated with Withdrawal from the Construction Sludge Intermediate Treatment Business
First written in FY2019-Q3. 1 of 2 entries say "Advanced", first in FY2019. Latest entry: FY2019.
2 other companies' latest entry also says "Advanced".
- FY2019AdvancedAnnual report
「(Breakdown of loss on business withdrawal) Goodwill impairment: ¥158.157 million Impairment of property, plant and equipment: ¥298.390 million Other costs related to business withdrawal: ¥39.697 million」
The breakdown of losses associated with the withdrawal from the construction sludge intermediate treatment business was finalized, and a total of ¥496.244 million was recorded as a loss on business withdrawal. - FY2019-Q3First statedAnnual report
「Regarding the goodwill arising when shares in the consolidated subsidiary 株式会社関東ミキシングコンクリート were acquired, the expected excess earning power assumed at the time of acquisition was no longer foreseeable because the company decided to withdraw from the business operated by the subsidiary. Accordingly, the carrying amount was fully recognized as an impairment loss, with the recoverable amount set at zero.」
In connection with the withdrawal from the construction sludge intermediate treatment business, the company recorded a loss on business withdrawal of ¥198.403 million, including ¥158.157 million in goodwill impairment.