Goodwill impairment due to declining profitability in the legal media business
First written in FY2021. 6 of 10 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2026: 17 of 32 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「At the end of the current consolidated fiscal year, the recoverable amount exceeded the carrying amount of the assets of the group of cash-generating units containing goodwill by ¥14,456 million. However, the recoverable amount could equal the carrying amount and an impairment loss could arise if estimated future cash flows for each period were to decline by 87.3% or the discount rate were to increase by 99.3%.」
The excess of the recoverable amount of goodwill in the media business over its carrying amount increased from ¥9,182 million in the previous fiscal year to ¥14,456 million, improving the headroom against impairment. No impairment loss was recognized. - FY2023MitigatedAnnual report
「At the end of the current consolidated fiscal year, the recoverable amount exceeded the carrying amount of the assets of the group of cash-generating units containing goodwill by ¥9,182 million. However, the recoverable amount could equal the carrying amount and an impairment loss could arise if estimated future cash flows for each period were to decline by 82.2% or the discount rate were to increase by 56.5%.」
For goodwill related to the legal media business, the excess of the recoverable amount over the carrying amount was ¥9,182 million, and no impairment loss was recognized. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year, an impairment indicator assessment was conducted based on the progress of the business plan, and no impairment indicators were identified.」
For goodwill, the impairment assessment based on the progress of the business plan continued to show no impairment indicators. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, an impairment indicator assessment was conducted based on the progress of the business plan, and no impairment indicators were identified.」
Although goodwill increased as a result of the acquisition of ビッコレ, the assessment for the current quarter continued to show no impairment indicators. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, an impairment indicator assessment was conducted based on the progress of the business plan, and no impairment indicators were identified.」
A quarterly assessment of impairment indicators for goodwill was conducted, and it was stated that there continued to be no impairment indicators. - FY2022MitigatedAnnual report
「At the end of the current consolidated fiscal year, the recoverable amount exceeded the carrying amount of the assets of the group of cash-generating units containing goodwill by ¥6,814 million. However, the recoverable amount could equal the carrying amount and an impairment loss could arise if estimated future cash flows for each period were to decline by 80.1% or the discount rate were to increase by 41.8%.」
For goodwill related to the legal media business, the excess of the recoverable amount over the carrying amount increased from ¥4,130 million to ¥6,814 million, and impairment sensitivity improved. No impairment loss was recognized. - FY2022-Q3MitigatedAnnual report
「During the third quarter of the current consolidated fiscal year, an impairment indicator assessment was conducted based on the progress of the business plan, and no impairment indicators were identified.」
For goodwill, the impairment indicator assessment based on the progress of the business plan shows that the absence of impairment indicators continues. - FY2022-Q2MitigatedAnnual report
「During the second quarter of the current consolidated fiscal year, an impairment indicator assessment was conducted based on the progress of the business plan, and no impairment indicators were identified.」
A quarterly assessment of impairment indicators for goodwill was conducted, and the absence of impairment indicators continues. - FY2022-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, an impairment indicator assessment was conducted based on the progress of the business plan, and no impairment indicators were identified.」
A quarterly assessment of impairment indicators for goodwill was conducted, and it was stated that there were no impairment indicators. - FY2021First statedAnnual report
「At the end of the consolidated fiscal year, the recoverable amount exceeded the carrying amount of the assets of the group of cash-generating units containing goodwill by ¥4,130 million. However, the recoverable amount could equal the carrying amount if estimated future cash flows for each period were to decline by 78.4% or the discount rate were to increase by 48.0%.」
Goodwill of ¥1,138.725 million is recognized. Although the recoverable amount exceeded the carrying amount in the impairment test, changes in future cash flows or the discount rate could result in impairment.