Impairment Risk for Goodwill and Indefinite-Lived Intangible Assets
First written in FY2018. 4 of 6 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Premium Group moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2019: 5 of 12 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「For reference, at the end of the current consolidated fiscal year, the company recognises goodwill of ¥4,197 million and non-amortising intangible assets of ¥4,581 million, which have not been amortised since the acquisition dates.」
Goodwill increased from ¥3,958 million to ¥4,197 million, expanding the balance of assets subject to impairment. The company also indicates that the likelihood of impairment is low for its principal cash-generating units. - FY2020WorsenedAnnual report
「For reference, under IFRS, the company recognises goodwill of ¥3,958,366 thousand and non-amortising intangible assets of ¥4,580,557 thousand」
Against the backdrop of the business combinations involving EGS株式会社, セントパーツ株式会社 and others, the goodwill balance increased to ¥3,958,366 thousand, expanding the amount subject to impairment. - FY2020-Q2Goodwill adjustment following completion of business combination accountingAnnual report
「Upon finalisation of this provisional accounting treatment, the initial allocation of the purchase price was materially revised. Intangible assets and deferred tax liabilities increased by ¥178,075 thousand and ¥62,326 thousand, respectively, while other liabilities decreased by ¥143,307 thousand. As a result, goodwill decreased by ¥259,056 thousand.」
Goodwill decreased by ¥259,056 thousand upon finalisation of the business combination accounting for ソフトプランナー. Meanwhile, goodwill at the end of the second quarter was ¥3,873,701 thousand, exceeding the ¥2,692,807 thousand recorded at the end of the previous consolidated fiscal year. - FY2020-Q1WorsenedAnnual report
「Goodwill 2,951,863 4,119,494」
Against the backdrop of the acquisition of ロペライオソリューションズ and other factors, goodwill increased from ¥2,951,863 thousand to ¥4,119,494 thousand, expanding the amount subject to impairment if future profitability declines. - FY2019WorsenedAnnual report
「For reference, under IFRS, the company recognises goodwill of ¥2,951,863 thousand and non-amortising intangible assets of ¥4,580,557 thousand」
Following the acquisition of ソフトプランナー, goodwill increased from ¥2,462,697 thousand to ¥2,951,863 thousand, expanding the amount subject to impairment risk if future profitability declines. - FY2018First statedAnnual report
「If the future profitability of Premier Financial Services Co., Ltd. declines, the Group may be required to recognise impairment losses on the goodwill and intangible assets concerned, which could have a material impact on the Group's results.」
The company describes the impairment risk if future profitability declines for goodwill of ¥2,462,697 thousand and non-amortising intangible assets of ¥4,580,557 thousand.