Post-M&A Underperformance by Affiliated Companies and Goodwill Impairment Risk
First written in FY2021-Q2. 13 of 15 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2026-H1No goodwill balanceAnnual report
「Goodwill 19,983 －」
On the interim consolidated balance sheet, the goodwill balance fell from ¥19.983 million at the end of the previous consolidated fiscal year to zero at the end of the current interim period. The body of the text does not explain the reason for the impairment or the disappearance of the risk. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the group’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this interim report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following M&A. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following M&A. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following M&A. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following a business acquisition. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following a business acquisition. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following a business acquisition. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following a business acquisition. - FY2022RestatedAnnual report
「The Group has acquired shares through business acquisitions and recognized goodwill. If, going forward, a sharp change in the business environment, competitive conditions or other factors causes an affiliate's performance to fall below initial expectations and reduces its expected excess earning power, an impairment loss on the goodwill could arise and affect the Group's operating results and financial position.」
The company continues to disclose the risk of impairment of goodwill associated with the acquisition of 株式会社カワツウ due to an affiliate's underperformance or a decline in excess earning power. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following a business acquisition. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following a business acquisition. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there have been no material changes to the risk of affiliate underperformance and goodwill impairment following a business acquisition. - FY2021RestatedAnnual report
「In connection with the acquisition of shares in 株式会社カワツウ and its inclusion as a consolidated subsidiary on 31 August 2020, the company recognized ¥199.835 million of goodwill at the acquisition date on the consolidated balance sheet.」「There were no indications of impairment of the goodwill at the end of the current consolidated fiscal year.」
For goodwill arising from the acquisition of 株式会社カワツウ, the company disclosed a year-end balance of ¥179.851 million and an acquisition-date balance of ¥199.835 million, and continues to disclose the risk of impairment if performance declines. There are currently no indications of impairment. - FY2021-Q3RestatedAnnual report
「The Group has acquired shares through business acquisitions and recognized goodwill. If, going forward, a sharp change in the business environment, competitive conditions or other factors causes an affiliate's performance to fall below initial expectations and reduces its expected excess earning power, an impairment loss on the goodwill could arise and affect the Group's operating results and financial position.」
The company continues to disclose the risk of impairment of goodwill associated with the acquisition of 株式会社カワツウ due to an affiliate's underperformance or a decline in excess earning power. - FY2021-Q2First statedAnnual report
「The Group has acquired shares through business acquisitions and recognized goodwill. If, going forward, a sharp change in the business environment, competitive conditions or other factors causes an affiliate's performance to fall below initial expectations and reduces its expected excess earning power, an impairment loss on the goodwill could arise and affect the Group's operating results and financial position.」
The company has identified, as a new business and other risk, the risk of impairment of goodwill recognized in connection with the acquisition of 株式会社カワツウ due to an affiliate's underperformance or a decline in excess earning power.