Wholesale division goodwill impairment risk and elimination of the balance
First written in FY2019-Q3. 6 of 10 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「At the end of the previous consolidated fiscal year and the third quarter of the current consolidated fiscal year, assets and liabilities measured at fair value on a non-recurring basis were not material in amount.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, Nomura continued to assess that assets and liabilities measured at fair value on a non-recurring basis were not material in amount. - FY2023-Q2RestatedAnnual report
「At the end of the previous consolidated fiscal year and the second quarter of the current consolidated fiscal year, assets and liabilities measured at fair value on a non-recurring basis were not material in amount.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, Nomura continued to assess that assets and liabilities measured at fair value on a non-recurring basis were not material in amount. - FY2023-Q1RestatedAnnual report
「At the end of the previous consolidated fiscal year and the first quarter of the current consolidated fiscal year, assets and liabilities measured at fair value on a non-recurring basis were not material in amount.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, Nomura continued to assess that assets and liabilities measured at fair value on a non-recurring basis were not material in amount. - FY2022-Q3RestatedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, assets and liabilities measured at fair value on a non-recurring basis were not material in amount.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, Nomura continued to assess that assets and liabilities measured at fair value on a non-recurring basis were not material in amount. - FY2021-Q3RestatedAnnual report
「During the cumulative period of the third quarter of the current consolidated fiscal year, Nomura acquired all equity interests in Greentech, resulting in the recognition of goodwill attributable to the Wholesale division.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, new goodwill was recognized through the acquisition of Greentech Capital. - FY2021-Q2WorsenedAnnual report
「During the cumulative period of the second quarter of the current consolidated fiscal year, Nomura acquired all equity interests in Greentech, resulting in the recognition of goodwill attributable to the Wholesale division.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, new goodwill was recognized through the acquisition of Greentech Capital. Goodwill and other intangible assets increased from ¥17.7 billion at the end of the previous fiscal year to ¥28.9 billion. - FY2021-Q1WorsenedAnnual report
「During the cumulative period of the first quarter of the current consolidated fiscal year, Nomura acquired all equity interests in Greentech, resulting in the recognition of goodwill attributable to the Wholesale division.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, new goodwill was recognized through the acquisition of Greentech Capital. Goodwill and intangible assets included in other assets increased from ¥17.7 billion at the end of the previous fiscal year to ¥30.0 billion. - FY2020-Q2RestatedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, assets and liabilities measured at fair value on a non-recurring basis were not material in amount.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, assets and liabilities measured at fair value on a non-recurring basis were still not material in amount at the end of the current quarter. - FY2020-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, assets and liabilities measured at fair value on a non-recurring basis were not material in amount.」
After fully impairing the Wholesale division’s goodwill in the previous fiscal year, assets and liabilities measured at fair value on a non-recurring basis were not material in amount at the end of the current quarter. - FY2019-Q3MaterialisedAnnual report
「Impairment losses may be recognized on goodwill and tangible and intangible assets recognized in connection with these business combinations and other transactions, as well as gains or losses arising from subsequent transactions. In such cases, Nomura’s operating results and financial position may be affected. For example, Nomura recognized an impairment loss of ¥81,372 million on goodwill during the cumulative period of the first 3 quarters of the current fiscal year.」
The disclosure identified the potential impairment of goodwill and tangible and intangible assets recognized in business combinations and other transactions as a risk, and stated that ¥81,372 million of goodwill in the Wholesale division was impaired during the cumulative period of the first 3 quarters. The division had no remaining goodwill at the end of the quarter.