Risk of Goodwill Impairment Due to キューボグループ’s Underperformance
First written in FY2019-Q2. 3 of 6 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 40 of 92 companies on the "Worse" side.
- FY2022DroppedAnnual reportThe FY2022 Annual Securities Report contains no discussion of the goodwill impairment risk or goodwill amortization expense associated with the acquisition of キューボグループ, so the explanation of a risk that actually arose in the previous fiscal year has disappeared from the major risks for the current fiscal year.
- FY2021MaterialisedAnnual report
「For the goodwill recognized when 株式会社キューボグループ was made a consolidated subsidiary, the Company reviewed its future recoverability based on the business plan and recognized ¥146,075 thousand as goodwill amortization expense in extraordinary losses.」
Following a review of the recoverability of the goodwill recognized upon the acquisition of キューボグループ, the Company recognized ¥146,075 thousand in goodwill amortization expense as an extraordinary loss. - FY2020RestatedAnnual report
「However, if the company’s performance falls below the assumptions made at the time of its acquisition due to changes in the business environment, competitive conditions or other factors, and it is determined that the expected results cannot be achieved, an impairment loss on goodwill may arise and affect the performance and financial condition of the Company Group.」
Restates the goodwill impairment risk arising from underperformance by キューボグループ. - FY2019RestatedAnnual report
「However, if the company’s performance falls below the assumptions made at the time of its acquisition due to changes in the business environment, competitive conditions or other factors, and it is determined that the expected results cannot be achieved, an impairment loss on goodwill may arise and affect the performance and financial condition of the Company Group.」
Restates the goodwill impairment risk arising from underperformance by キューボグループ. - FY2019-Q3RestatedAnnual report
「However, if the company’s performance falls below the assumptions made at the time of its acquisition due to changes in the business environment, competitive conditions or other factors, and it is determined that the expected results cannot be achieved, an impairment loss on goodwill may arise and affect the performance and financial condition of the Company Group.」
Restates the risk that goodwill impairment resulting from キューボグループ’s underperformance relative to the assumptions made at the time of its acquisition could affect performance and financial condition. - FY2019-Q2First statedAnnual report
「However, if the company’s performance falls below the assumptions made at the time of its acquisition due to changes in the business environment, competitive conditions or other factors, and it is determined that the expected results cannot be achieved, an impairment loss on goodwill may arise and affect the performance and financial condition of the Company Group.」
Identifies as a new risk the possibility of a goodwill impairment loss if キューボグループ’s performance falls below the assumptions made at the time of its acquisition.