Goodwill impairment risk
First written in FY2020. 3 of 5 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2024.
Suzumo Machinery moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 17 of 32 companies on the "Worse" side.
25 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「In October 2021, we acquired 100% of the issued shares of 日本システムプロジェクト and made it a consolidated subsidiary. However, because its performance deteriorated more than expected, we recognized the entire goodwill balance related to the company as an extraordinary loss.」
Due to the deterioration in 日本システムプロジェクト's performance, the entire goodwill balance of ¥28.644 million was recognized as an impairment loss. - FY2024-Q2MaterialisedAnnual report
「In October 2021, we acquired 100% of the issued shares of 日本システムプロジェクト and made it a consolidated subsidiary. However, because its performance deteriorated more than expected, we recognized the entire goodwill balance related to the company as an extraordinary loss.」
As the performance of 日本システムプロジェクト deteriorated more than expected, the entire goodwill balance of ¥28.644 million was recognized as an impairment loss. - FY2023-Q3MaterialisedAnnual report
「During the nine-month period of the current consolidated fiscal year, the entire unamortized balance of the ¥111.330 million amount equivalent to goodwill related to Bluefin Trading LLC, an equity-method affiliate, was recognized as a loss on investments accounted for using the equity method because the excess earning power anticipated in the business plan at the time of acquisition was no longer expected to materialize.」
For the ¥111.330 million amount equivalent to goodwill related to Bluefin Trading LLC, the anticipated excess earning power was no longer expected to materialize, and the entire unamortized balance was recognized as a loss on investments accounted for using the equity method. - FY2022Confirmation that there are no indications of impairmentAnnual report
「As a result, it has been determined that there were no indications of impairment of goodwill during the current consolidated fiscal year.」
After monitoring the future business plan for goodwill related to 日本システムプロジェクト and other entities, it was determined that there were no indications of impairment during the current consolidated fiscal year. - FY2020First statedAnnual report
「Goodwill is tested at least once a year, or when an indication arises that an impairment test is required, such as deterioration in the business environment or future earnings outlook or a change in business strategy, and the fair value of the reporting unit is assessed.」
States that the fair value of goodwill is assessed annually or when an indication of impairment arises, and that an impairment loss may be recognized if it falls below the carrying amount.