Risk of Failure to Recover Logistics and Business Development Investments and of Incurring Losses
First written in FY2022. 2 of 6 entries say "Materialised", first in 2026-05-14. Latest entry: FY2026.
Medipal Holdings moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2022: 4 of 18 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Goodwill amortisation of ¥9.543 billion」
¥9.543 billion was recorded as an extraordinary loss as a one-time amortisation of goodwill associated with the impairment of shares in a subsidiary. The risk of failure to recover investments and of losses arising materialised as an accounting loss. - 2026-05-14MaterialisedEarnings
「Amortization of goodwill of ¥9,543 million and business structure improvement expenses of ¥4,554 million related to logistics operations and other activities in the wholesale business for prescription pharmaceuticals and other products were recorded as extraordinary losses.」
Costs associated with investment and business structure improvements appeared in the full-year results as goodwill amortization and business structure improvement expenses. - FY2026-H1Increase in business investment expenses and other costsAnnual report
「(1) Business investment expenses and other costs 337 3,369 +3,031 +899.0%」
Business investment expenses and other costs increased from ¥337 million in the same period of the previous year to ¥3.369 billion in the current interim period. The scale of expenses for the theme of higher investment costs and failure to recover investments became concrete for the current period. - FY2025Decline in Capital InvestmentAnnual report
「Capital expenditure in the fiscal year ended March 2025 was ¥14.2 billion.」
Capital expenditure was ¥14.2 billion, down from ¥20.3 billion in the fiscal year ended March 2024. The risks of failure to recover logistics and systems investments and of losses arising remain. - FY2024Higher capital investmentAnnual report
「Capital expenditure in the fiscal year ended March 2024 was ¥20.3 billion.」
Regarding logistics and systems investment, capital expenditure increased from ¥18.1 billion in the fiscal year ended March 2022 to ¥20.3 billion. The risks of higher investment costs and failure to recover investments remain. - FY2022First statedAnnual report
「The Group is actively investing in logistics and systems-related capital expenditure and introducing cutting-edge technologies to fulfil its social mission of providing safe and reliable distribution. These investments are essential to maintaining the Group's competitiveness, but if investment costs increase or the expected investment recovery is not achieved, the Group's operating performance and financial condition may be affected. Capital expenditure in the fiscal year ended March 2022 was ¥18.1 billion.」
While positioning logistics and systems capital expenditure, business development investments, and capital and business alliances as active investments for sustainable growth, we disclosed separately as a new group of risks the potential impact on operating performance and financial condition from higher investment costs, failure to recover investments, discontinued development and impairment losses, among other factors.