Termination of Sports Content Distribution Rights Agreement and Impairment Loss
First written in FY2019-Q3. 1 of 3 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2020.
The whole theme swung hardest in 2019: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2020Cited as achievedAnnual report
「For the year ended 31 March 2019, the Group recognized an impairment loss of ¥4,770 million on the distribution rights acquired from the company as other operating expenses.」
The termination of the major soccer league broadcasting agreement and the impairment of the distribution rights are again presented as prior-period adjustment items to adjusted EBITDA. - FY2019RestatedAnnual report
「Accordingly, the Group recognized an impairment loss of ¥4,770 million on the distribution rights acquired from the company as other operating expenses.」
The termination of the major soccer league broadcasting agreement and the impairment of the distribution rights described in the previous quarterly report are reported as the same events for the full year. - FY2019-Q3MaterialisedAnnual report
「In the Group's sports content distribution service, a business partner holding the broadcasting rights to a major soccer league (the "Licensor") had its broadcasting agreement with the major soccer league, the rights holder, terminated due to delayed license fee payments. As a result, the Group received notice from the Licensor that the broadcasting agreement with the major soccer league had been terminated. Accordingly, for the 9 months ended 31 December 2018, the Group recognized an impairment loss of ¥4,770 million on the distribution rights acquired from the company as other operating expenses.」
A broadcasting agreement was terminated due to the business partner's delayed license fee payments, and an impairment loss was recognized on the distribution rights.