Goodwill impairment risk in the Plaza Style business
First written in FY2021. 1 of 2 entries say "Reframed", first in FY2022. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022ReframedAnnual report
「Goodwill of ¥9.6 billion is recorded on the Company's consolidated balance sheet. This includes ¥4.0 billion in goodwill related to the general merchandise retail business of Styling Life Holdings Inc. in the lifestyle business segment.」
The description of the subject was reorganized from “goodwill related to the Plaza Style business” to “goodwill related to the general merchandise retail business,” and the amount was disclosed as approximately ¥4.0 billion. - FY2021First statedAnnual report
「Goodwill related to the Plaza Style business of Styling Life Holdings Inc. in the lifestyle business segment is recorded on the Company's consolidated balance sheet. However, if operating income from the business is expected to remain negative due to a decline in customer visits resulting from the spread of COVID-19 or other factors, this may constitute an indication of impairment and affect the Group's operating results and financial position.」
The company newly disclosed the impairment risk related to ¥5,055 million in goodwill for the Plaza Style business due to the decline in customer visits and the expected continuation of operating losses.