Acquisition of the Nordic Parking Business
First written in FY2020-Q1. . Latest entry: FY2024.
The whole theme swung hardest in 2024: 39 of 92 companies on the "Worse" side.
- FY2024Impairment loss recognized on the acquired businessAnnual report
「During the period, after reviewing the business plan in light of changes in the business environment associated with changes in behavior following the COVID-19 pandemic and continued high inflation, we recognized an impairment loss of ¥12,249 million on goodwill related to the business.」
Recognized a ¥12,249 million impairment loss on goodwill related to the Northern European parking business following a review of the business plan in light of changes in behavior and continued inflation. - FY2020-Q1First statedAnnual report
「Cash flow from investing activities was an outflow of ¥89.3 billion, reflecting approximately ¥30 billion recovered through asset rotation, including the sale of the UK offshore wind power business and the joint operation of the aircraft engine leasing business, while approximately ¥120 billion was invested or lent, including for the acquisition of the Nordic parking business and domestic real estate projects.」
We acquired a parking business in Northern Europe in the first quarter. The investment amount for the transaction alone, the acquisition target and the business start date were not disclosed.