Recoverability of goodwill and impairment loss associated with the acquisition of Izu Dream Village
First written in FY2024-Q1. 4 of 5 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「These estimates may be affected by changes in the future business environment, fluctuations in interest rates, natural disasters and other factors. If the outlook for future attendance at our facilities and other factors deteriorates, the Company may record an impairment loss.」
The Company has continued to disclose the possibility of impairment of goodwill arising from the acquisition of 株式会社伊豆ドリームビレッジ if the outlook for future guest numbers and other factors deteriorates. - FY2025RestatedAnnual report
「These estimates may be affected by changes in the future business environment, fluctuations in interest rates, natural disasters and other factors. If the outlook for future attendance at our facilities and other factors deteriorates, the Company may record an impairment loss.」
The Company recorded goodwill of ¥730.039 million arising from the acquisition of 株式会社伊豆ドリームビレッジ and has continued to disclose the possibility of additional impairment if the outlook for future guest numbers and other factors deteriorates. - FY2024-Q3RestatedAnnual report
「Because the amount of the acquisition cost allocated to goodwill was relatively large, the Company considered its future recoverability in accordance with the Accounting Standard for Impairment of Fixed Assets and recorded an impairment loss of ¥299.317 million as an extraordinary loss.」
The Company has continued to disclose that it considered the recoverability of goodwill arising from the acquisition of 株式会社伊豆ドリームビレッジ and recorded an impairment loss of ¥299.317 million. - FY2024-Q2RestatedAnnual report
「Because the amount of the acquisition cost allocated to goodwill was relatively large, the Company considered its future recoverability in accordance with the Accounting Standard for Impairment of Fixed Assets and recorded an impairment loss of ¥299.317 million as an extraordinary loss.」
The Company has continued to disclose that it considered the recoverability of goodwill arising from the acquisition of 株式会社伊豆ドリームビレッジ and recorded an impairment loss of ¥299.317 million. - FY2024-Q1MaterialisedAnnual report
「When 株式会社伊豆ドリームビレッジ became a wholly owned subsidiary through a share exchange, the acquisition cost exceeded the net amount of the assets acquired and liabilities assumed, so the excess was recorded as goodwill. The acquisition cost was calculated by multiplying the number of shares issued by the Company's share price on the business combination date. However, the Company's share price rose between the announcement of the share exchange agreement and the business combination date, making the acquisition cost higher than initially expected. As a result, the amount of the acquisition cost allocated to goodwill was relatively large. After considering its future recoverability in accordance with the Accounting Standard for Impairment of Fixed Assets, the Company recorded an impairment loss of ¥299.317 million as an extraordinary loss.」
Following the acquisition of 株式会社伊豆ドリームビレッジ, the Company initially recognized provisional goodwill of ¥1,211.866 million and subsequently recorded an impairment loss of ¥299.317 million on part of it. The background was explained as the acquisition cost becoming higher than expected because the share price rose after the share exchange was announced.