Risk of goodwill impairment related to equity-method associates
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2019: 5 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「During the current consolidated fiscal year, the company assessed whether an impairment loss needed to be recognized and determined that recognition of an impairment loss was not necessary.」
Although the company determined that no impairment loss needed to be recognized for goodwill relating to equity-method affiliates during the current consolidated fiscal year, the possibility of recognizing an impairment loss in the following fiscal year remains due to uncertainty over future cash flows. - FY2021First statedAnnual report
「Investment securities in the consolidated balance sheet include goodwill relating to equity-method affiliates. The company must assess whether impairment should be recognized for this goodwill, determining whether the profitability expected at the time of investment has declined from the original forecast and whether, as a result, recovery of the investment amount has become unlikely. The amount recognized in the consolidated balance sheet was ¥2,877 million, and an impairment loss may be recognized in the next consolidated fiscal year.」
For ¥2,877 million of goodwill relating to equity-method affiliates, the company indicated uncertainty in estimates of the investees' profitability and future cash flows, and the possibility of recognizing an impairment loss in the following fiscal year.