Glory (6457) · RiskMaterialised
Impairment Risk from Discontinuation of Core System Development
First written in FY2023. 2 of 2 entries say "Materialised", first in FY2023. Latest entry: FY2024-Q2.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Recognition of Loss on Cancellation of System DevelopmentA theme 13 companies write about · 13 as a headwind · 0 as a tailwind
Glory moved to the "Worse" side of this theme in 2023.
2 other companies' latest entry also says "Materialised".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2024-Q2MaterialisedAnnual report
「GLORY LTD. had recorded development costs for its core system as software under development. Development was discontinued after delays to the development schedule led to a review of the policy, including measures to address the delays, and an impairment loss was recognized.」
An impairment loss of ¥1,478 million was recognized during the cumulative second quarter following delays to and the discontinuation of core system development. - FY2023MaterialisedAnnual report
「GLORY LTD. had recorded development costs for its core system as software under development. Because the planned revenue could no longer be expected after the decision to discontinue part of the development, an impairment loss was recognized.」
An impairment loss of ¥2,126 million was recognized on software under development and other assets following the partial discontinuation of core system development.