Impairment Risk for Investment Securities and Shares in Affiliated Companies Due to Underperformance by Investee Companies
First written in FY2020. 2 of 6 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2025.
Global Kids Company Corp. moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「If it is determined that the initially anticipated results cannot be achieved due to changes in the business environment after implementation or other factors, the recognition of impairment losses on intangible fixed assets, including goodwill, and investment securities could affect the Company's financial position and operating results.」
The Company recognized ¥1.968 billion in goodwill in connection with the acquisition of アソシエ・アカデミー. It continues to disclose the risk of impairment of goodwill and other assets if post-investment results fall short of expectations. - FY2023MitigatedAnnual report
「The Group does not hold any listed shares.」
The Company held 3 unlisted stocks with a carrying value of ¥27 million, down from ¥47 million in unlisted stocks in the previous fiscal year. It disclosed that no loss on valuation of investment securities was recognized in FY2023. - FY2022RestatedAnnual report
「If it is determined that the initially anticipated results cannot be achieved due to changes in the business environment after implementation or other factors, the recognition of impairment losses on intangible fixed assets, including goodwill, and investment securities could affect the Company's financial position and operating results.」
The Company continues to disclose the risk of impairment of investment securities and other assets if anticipated results are not achieved after an investment. It disclosed that there were no losses on valuation of investment securities in FY2022. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, the company recognized ¥59 million in impairment losses on securities, all relating to shares classified as other securities.」
The Company disclosed in its annual results that it recognized a ¥59 million loss on valuation of investment securities. This was the same amount as the loss disclosed through the third quarter, with no additional increase reported. - FY2021-Q3WorsenedAnnual report
「The Company recognized impairment losses on securities classified as “other securities” that it holds and whose underlying value had declined significantly.」
The Company recognized a ¥59 million loss on valuation of investment securities, up from ¥6 million in the same period of the previous year. It disclosed that the risk of losses on valuation of investment securities had increased in monetary terms. - FY2020MaterialisedAnnual report
「If it is determined that the initially anticipated results cannot be achieved due to changes in the business environment after implementation or other factors, the recognition of impairment losses on intangible fixed assets, including goodwill, and investment securities could affect the Company's financial position and operating results.」
The Company disclosed for the first time the impairment risk if anticipated results are not achieved after an investment as a standalone risk. In the current fiscal year, it recognized a ¥6 million loss on valuation of investment securities and a ¥26 million loss on valuation of shares in affiliates of GLOBAL KIDS VIETNAM CO., LTD.