Impairment Risk Associated with Substantial Goodwill
First written in FY2017. 13 of 21 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 5 of 12 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
With goodwill remaining substantial at ¥94,691 million, the group reconfirmed that there were no indications of impairment of significant assets during the interim period of FY2027. - FY2026RestatedAnnual report
「As of the end of February 2026, the Group had ¥9,470 million of goodwill recorded on its consolidated statement of financial position, representing 55.7% of total assets. If business profitability declines, an impairment loss on goodwill may be recognized, which could adversely affect the Group’s operating results and financial position.」
The risk associated with the substantial goodwill balance continues to be disclosed, with goodwill of ¥9,470 million representing 55.7% of total assets. Meanwhile, the current consolidated fiscal year’s impairment testing resulted in a determination that no impairment had occurred for any cash-generating unit. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
Despite the substantial goodwill balance, the filing reconfirms that there were no indications of impairment of significant assets during the current interim consolidated accounting period. - FY2025MaterialisedAnnual report
「During the current consolidated fiscal year, based on recent performance and a review of future business plans, the recoverable amount fell below the carrying amount for BELLSYSTEM24 VIETNAM Inc., which belongs to the CRM business segment, and ㈱ベルシステム24 (Content Business), which belongs to the Other business segment. An impairment loss of ¥1,567 million was consequently recognized.」
Following a review of the business plans for the Vietnam and Content businesses, a total goodwill impairment loss of ¥1,567 million was recognized. This comprised ¥555 million for the Vietnam business and ¥1,012 million for the Content business. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
Although the goodwill balance remained substantial, the filing reconfirms that there were no indications of impairment of significant assets during the current interim consolidated accounting period. - FY2024Goodwill balance increased, but no impairmentAnnual report
「As of the end of February 2024, the Group had ¥9,680 million of goodwill recorded on its consolidated statement of financial position, representing 55.2% of total assets. If business profitability declines, an impairment loss on goodwill may be recognized, which could adversely affect the Group’s operating results and financial position.」
Although goodwill increased to ¥9,680 million, representing 55.2% of total assets, the current consolidated fiscal year’s impairment testing resulted in a determination that no impairment had occurred for any cash-generating unit. - FY2024-Q3Goodwill increased, but no indications of impairmentAnnual report
「During the third quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
Goodwill increased from ¥9,490 million at the end of the previous fiscal year to ¥9,677.5 million at the end of the third quarter, while the filing states that there were no significant indications of impairment. - FY2024-Q2Goodwill increased, but no indications of impairmentAnnual report
「During the second quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
Goodwill increased from ¥9,490 million at the end of the previous fiscal year to ¥9,676.1 million at the end of the second quarter, while the filing states that there were no significant indications of impairment. - FY2024-Q1Goodwill increased, but no indications of impairmentAnnual report
「During the first quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
The goodwill balance increased from ¥9,490 million to ¥9,644.2 million, mainly due to the recognition of ¥1,470 million of goodwill associated with the conversion of a Vietnamese company into a subsidiary. However, the filing states that there were no significant indications of impairment during the first quarter. - FY2023RestatedAnnual report
「In addition, as of the end of February 2023, the Group had ¥9,490 million of goodwill recorded on its consolidated statement of financial position, representing 53.8% of total assets. If business profitability declines, an impairment loss on goodwill may be recognized, which could adversely affect the Group’s operating results and financial position.」
The filing discloses a substantial goodwill balance of ¥9,490 million, representing 53.8% of total assets, and reconfirms the risk of impairment if profitability declines. The current fiscal year’s impairment testing resulted in a determination that no impairment had occurred. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
The filing reconfirms that there were no indications of impairment of significant assets, including goodwill, during the third quarter of the consolidated cumulative period. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
The filing reconfirms that there were no indications of impairment of significant assets, including goodwill, during the first quarter of the consolidated cumulative period. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
The filing reconfirms that there were no indications of impairment of significant assets, including goodwill, during the third quarter of the consolidated cumulative period. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, the recent performance of 株式会社ポッケ, which belongs to the Other business segment, fell below the original plan. Following a review of the future business plan, the recoverable amount fell below the carrying amount, resulting in an impairment loss of ¥854 million.」
The performance of ポッケ fell below the original plan, resulting in recognition of a goodwill impairment loss of ¥854 million. The goodwill balance was ¥9,539.6 million, representing 55.2% of total assets. - FY2020RestatedAnnual report
「As of the end of February 2020, the Group had ¥9,625.0 million of goodwill recorded on its consolidated statement of financial position, representing 57.1% of total assets. This comprised ¥9,275.4 million attributable to 株式会社ベルシステム24, ¥280.1 million attributable to 株式会社ポッケ, and ¥69.5 million attributable to ＣＴＣファーストコンタクト株式会社. If business profitability declines, an impairment loss on goodwill may be recognized, which could adversely affect the Group’s operating results and financial position.」
Goodwill remained substantial at ¥9,625.0 million, or 57.1% of total assets. Although the current fiscal year’s impairment testing resulted in a determination that no impairment had occurred, the filing reconfirms the risk of impairment if profitability declines. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
The filing reconfirms that there were no indications of the acquisition, disposal or impairment of significant assets, including goodwill, during the first quarter. - FY2019MaterialisedAnnual report
「During the current consolidated fiscal year, impairment testing was conducted on part of the goodwill attributable to ㈱ビーアイメディカル following the decision to sell the CSO business, resulting in an impairment loss of ¥1,223 million. Impairment testing was also conducted on the goodwill attributable to ㈱BELL24・Cell Product following the decision to sell the company’s shares, resulting in an impairment loss of ¥82 million.」
Following decisions to sell the CSO business and BELL24・Cell Product, a total goodwill impairment loss of ¥1,305 million was recognized. The goodwill balance was ¥9,625.0 million, representing 68.9% of total assets. - FY2019-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
The filing reconfirms that there were no indications of impairment of significant assets, including goodwill, during the second quarter of the consolidated cumulative period. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no indications of the acquisition, disposal or impairment of significant tangible fixed assets, goodwill or intangible assets.」
The filing states that there were no indications of impairment of significant assets, including goodwill, during the first quarter. - FY2018RestatedAnnual report
「As of the end of February 2018, the Group had ¥9,764.2 million of goodwill recorded on its consolidated statement of financial position, representing 68.6% of total assets. … Based on the results of impairment testing conducted during the current consolidated fiscal year, management determined that no impairment had occurred for any cash-generating unit.」
Although goodwill accounted for 68.6% of total assets, the current fiscal year’s impairment testing resulted in a determination that no impairment had occurred. - FY2017MaterialisedAnnual report
「As of the end of February 2017, the Group had ¥9,694.7 million of goodwill recorded on its consolidated statement of financial position, representing 69.5% of total assets. This comprised ¥9,075.7 million attributable to ㈱ベルシステム２４, ¥322.0 million attributable to ㈱ビーアイメディカル, ¥280.1 million attributable to ㈱ポッケ, and ¥16.9 million attributable to ㈱BELL24・Cell Product. If business profitability declines, an impairment loss on goodwill may be recognized, which could adversely affect the Group’s operating results and financial position.」
The risk that goodwill accounts for 69.5% of total assets has been disclosed, and an actual goodwill impairment loss of ¥100 million has been recognized for BELL24・Cell Product.