Risk of goodwill impairment due to changes in the business environment
First written in FY2017. 2 of 15 entries say "Materialised", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2021: 5 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Updated full-year goodwill balance and purchase price allocationAnnual report
「The purchase price allocation was finalized during the current consolidated fiscal year. As a result, non-current assets increased by ¥1,083 million, while goodwill decreased by the same amount.」
The purchase price allocation for the SoftEye acquisition was finalized, reducing goodwill from its provisional amount. The year-end goodwill balance was ¥188,481 million, of which ¥98,677 million was allocated to the MEMS sensor business. - FY2026-H1Updated the goodwill balance and acquisition amount as of the end of the interim periodAnnual report
「Goodwill 164,868 177,837」
The goodwill balance increased from ¥164,868 million at the end of the previous fiscal year to ¥177,837 million at the end of the interim period. Goodwill of ¥10,249 million relating to the acquisition of SoftEye was provisionally recognized. - FY2025MaterialisedAnnual report
「The radio-frequency components business included in the passive components segment has continuously reported negative operating profit due to declining profitability resulting from sluggish sales of ICT products such as smartphones. As a result of impairment testing of the cash-generating unit including goodwill, an impairment loss of ¥10,624 million was recognized because the recoverable amount of the cash-generating unit fell below its carrying amount.」
An impairment loss of ¥10,624 million, including ¥1,629 million of goodwill, actually occurred due to declining profitability in the radio-frequency components business. - FY2025-H1Updated the goodwill balance as of the end of the interim periodAnnual report
「Goodwill 168,383 160,055」
The goodwill balance decreased from ¥168,383 million at the end of the previous fiscal year to ¥160,055 million at the end of the interim period. - FY2024Updated full-year goodwill balance and allocationAnnual report
「As of 31 March 2024, the total amount of property, plant and equipment, right-of-use assets, goodwill and intangible assets of our Group was ¥1,287.9 billion. Of this amount, ¥115.4 billion was property, plant and equipment in the HDD-head business, while ¥93.4 billion of goodwill was allocated to the MEMS sensor business and ¥20.4 billion to the HDD-head business.」
Total non-financial assets were ¥1,287.9 billion, and goodwill was ¥168,383 million, with ¥93.4 billion allocated to the MEMS sensor business and ¥20.4 billion to the HDD-head business. - FY2024-Q3Updated the goodwill balance as of the end of the third quarterAnnual report
「Goodwill 149,516 158,839」
The goodwill balance increased from ¥149,516 million at the end of the previous consolidated fiscal year to ¥158,839 million at the end of the third quarter. - FY2024-Q2Updated the goodwill balance as of the end of the second quarterAnnual report
「Goodwill 149,516 165,832」
The goodwill balance increased from ¥149,516 million at the end of the previous consolidated fiscal year to ¥165,832 million at the end of the second quarter. - FY2024-Q1Updated the goodwill balance as of the end of the first quarterAnnual report
「Goodwill 149,516 161,746」
The goodwill balance increased from ¥149,516 million at the end of the previous consolidated fiscal year to ¥161,746 million at the end of the first quarter. - FY2023Updated full-year goodwill balance and allocationAnnual report
「As of 31 March 2023, the total amount of property, plant and equipment, goodwill and intangible assets of our Group was ¥1,141.0 billion. Of this amount, ¥94.4 billion was property, plant and equipment in the HDD-head business, while ¥82.4 billion of goodwill was allocated to the MEMS sensor business and ¥18.0 billion to the HDD-head business.」
The goodwill balance was disclosed as ¥149,516 million, with ¥82.4 billion allocated to the MEMS sensor business and ¥18.0 billion to the HDD-head business. - FY2023-Q3Updated the goodwill balance as of the end of the third quarterAnnual report
「Goodwill 137,352 147,251」
The goodwill balance increased from ¥137,352 million at the end of the previous consolidated fiscal year to ¥147,251 million at the end of the third quarter. - FY2023-Q2Updated the goodwill balance as of the end of the second quarterAnnual report
「Goodwill 137,352 158,142」
The goodwill balance increased from ¥137,352 million at the end of the previous consolidated fiscal year to ¥158,142 million at the end of the second quarter. - FY2022Updated goodwill balance after adoption of IFRSAnnual report
「Goodwill of ¥137.4 billion was recognized in the consolidated statement of financial position as of the end of the fiscal year ended March 2022, of which ¥76.9 billion arose from the acquisition of InvenSense, Inc. in the United States in May 2017.」
The goodwill balance after the adoption of IFRS and the InvenSense-related balance were disclosed. A policy of conducting impairment testing annually was indicated. - FY2021WorsenedAnnual report
「Goodwill of ¥165.1 billion was recognized in the consolidated balance sheet as of the end of the fiscal year ended March 2021, of which ¥98.7 billion was goodwill relating to InvenSense, Inc., a U.S. company acquired in May 2017.」
The goodwill balance increased from ¥160.9 billion in the previous fiscal year to ¥165.1 billion, while the InvenSense-related portion increased from ¥97.0 billion to ¥98.7 billion. - FY2020RestatedAnnual report
「Goodwill of ¥160.9 billion was recognized in the consolidated balance sheet as of the end of the fiscal year ended March 2020, of which ¥97.0 billion was goodwill relating to InvenSense, Inc., a U.S. company acquired in May 2017.」
The asset scale relevant to goodwill impairment risk was disclosed in detail: ¥160.9 billion in total, including ¥97.0 billion attributable to InvenSense. - FY2017MaterialisedAnnual report
「In fiscal 2017, we recognized an impairment loss of ¥2,600 million on goodwill after revising expected future earnings due to changes in the external environment surrounding the aluminum electrolytic capacitor business.」
Goodwill impairment actually occurred due to changes in the external environment surrounding the aluminum electrolytic capacitor business and a revision of expected future earnings.