Failure to Achieve Investment Benefits from M&A and Business Alliances and Post-Acquisition Goodwill Impairment
First written in FY2025. 2 of 5 entries say "Mitigated", first in 2026-03-13. Latest entry: FY2026.
The whole theme swung hardest in 2020: 28 of 85 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026Annual Goodwill Balance UpdateAnnual report
「Goodwill: —; 965,130.」
Goodwill of ¥965 million was recognized at FY2026 year-end in connection with the Qool acquisition and is being amortized evenly over 10 years. No impairment loss was reported. - FY2026-H1RestatedAnnual report
「Amount of goodwill recognized: ¥958,349 thousand. Because the allocation of the acquisition cost had not been completed as of the end of the interim consolidated accounting period, provisional accounting was performed based on reasonable information available at that time.」
Goodwill of ¥958 million was provisionally recognized in connection with the Qool acquisition and is being amortized evenly over 10 years. No new material change in the risks of failing to achieve M&A investment benefits or goodwill impairment was indicated. - FY2025First statedAnnual report
「The Group recognizes M&A and business-alliance strategies as important and effective for future business expansion. However, if we cannot identify effective investment opportunities or fail to obtain the investment benefits initially expected, the Group’s results could be affected. Entering new business areas or markets through M&A or similar transactions may also add risks specific to those businesses or markets.」
Following the decision to make M&A central to its growth strategy, the company first explicitly identified the absence of investment opportunities, failure to achieve investment benefits, new-market-specific risks and post-acquisition goodwill impairment as principal risks.