Risk of impairment of goodwill associated with JEOL RESONANCE
First written in FY2017. 2 of 7 entries say "Restated". Latest entry: FY2026.
Jeol moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2023: 35 of 93 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Our group recognized goodwill and intangible fixed assets in connection with the inclusion of JEOL KOREA LTD. and ジャパンスーパーコンダクタテクノロジー株式会社 as consolidated subsidiaries.」
The focus of goodwill risk has shifted from the previous focus on JEOL RESONANCE and IDES to JEOL KOREA LTD. and ジャパンスーパーコンダクタテクノロジー㈱. - FY2023MaterialisedAnnual report
「The goodwill and intangible assets referred to above were recognized on the assumption of excess earning power when we acquired the shares of INTEGRATED DYNAMIC ELECTRON SOLUTIONS, INC., our consolidated subsidiary. However, because performance has remained below the initially planned business plan, a review of the business plan showed that undiscounted cash flows were lower than the carrying amount of the fixed assets. We therefore reduced their carrying amount to the recoverable amount and recognized the decrease as an impairment loss in the fiscal year under review.」
As performance at INTEGRATED DYNAMIC ELECTRON SOLUTIONS fell below the initial plan, impairment losses of ¥315 million on goodwill and ¥45 million on intangible assets were recognized. - FY2021MaterialisedAnnual report
「The group had recognized goodwill based on excess earning power when acquiring shares in its consolidated subsidiary JEOL RESONANCE. However, because performance had fallen below the originally planned business projections, the group conservatively revised its business plan and decided to expense the entire unamortized goodwill balance at once. The goodwill reduction resulting from this event amounted to 1,017 million yen and was recorded as an impairment loss under extraordinary losses for the current fiscal year.」
JEOL RESONANCE's performance fell below the original plan, resulting in the actual impairment of the entire 1,017 million yen goodwill balance. - FY2020WorsenedAnnual report
「The group recognized goodwill and intangible fixed assets when it made JEOL RESONANCE Co., Ltd., JEOL KOREA LTD., and INTEGRATED DYNAMIC ELECTRON SOLUTIONS, INC. consolidated subsidiaries. The group considers this goodwill and these intangible fixed assets to appropriately reflect the future earnings capacity resulting from the realization of the value of each business and future synergies. However, if profitability declines because of an economic downturn or failure to achieve the expected level of performance, the recognition of goodwill impairment losses may affect the group's operating results and financial position.」
In addition to the goodwill previously associated with JEOL RESONANCE, the goodwill and intangible fixed assets associated with JEOL KOREA LTD. and INTEGRATED DYNAMIC ELECTRON SOLUTIONS, INC. became subject to the risk, broadening its scope. - FY2019RestatedAnnual report
「If profitability declines because of an economic downturn or failure to achieve the expected level of performance, the recognition of goodwill impairment losses may affect the group's operating results and financial position.」
The risk of lower profitability and goodwill impairment associated with JEOL RESONANCE is disclosed again. - FY2018RestatedAnnual report
「If profitability declines because of an economic downturn or failure to achieve the expected level of performance, the recognition of goodwill impairment losses may affect the group's operating results and financial position.」
The risk of lower profitability and goodwill impairment associated with JEOL RESONANCE is disclosed again. - FY2017First statedAnnual report
「The group recognized goodwill upon making JEOL RESONANCE Co., Ltd. a consolidated subsidiary. If profitability declines because of an economic downturn or failure to achieve the expected level of performance, the recognition of goodwill impairment losses may affect the group's operating results and financial position.」
The company discloses the possibility of lower profitability and goodwill impairment losses associated with JEOL RESONANCE due to an economic downturn or failure to achieve the expected level of performance.