Impairment risk related to investment assets, goodwill and other assets
First written in FY2021-Q2. 7 of 9 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MaterialisedAnnual report
「For the year ended 31 March 2024, an impairment loss of ¥22,345 million was recognised on the equity-method investment in 出前館 as its carrying amount was written down to its recoverable amount.」
An impairment loss of more than ¥22.2 billion was recognised on the equity-method investment in 出前館, following the previous fiscal year, indicating that the impairment risk related to investment assets continued. - FY2023MaterialisedAnnual report
「For the year ended 31 March 2023, an impairment loss of ¥31,304 million was recognised on the equity-method investment in 出前館 as its carrying amount was written down to its recoverable amount.」
Regarding impairment of investment assets, goodwill and other assets, an impairment loss of ¥31.3404 billion was recognised on the equity-method investment in 出前館. - FY2023-Q3MaterialisedAnnual report
「For the nine-month periods ended 31 December 2021 and 31 December 2022, impairment losses of ¥18,379 million and ¥31,304 million, respectively, were recognised on the equity-method investment in 出前館 as its carrying amount was written down to its recoverable amount.」
An impairment loss of ¥31.3404 billion was recognised on the equity-method investment in 出前館 for the cumulative nine-month period, indicating that impairment of investment assets continued to materialise. - FY2023-Q2MaterialisedAnnual report
「This was mainly because profit before tax declined as a result of lower operating income, higher finance costs due to valuation losses on investment securities held and recognition of litigation-related late-payment damages, and recognition of impairment losses on equity-method investments.」
In addition to valuation losses on investment securities, impairment losses on equity-method investments of ¥10,327 million were recognised. The impairment risk related to investment assets materialised as an actual loss again in the quarter. - FY2022MaterialisedAnnual report
「Impairment losses on equity-method investments ¥27,243 million」
Regarding impairment of investment assets, goodwill and other assets, impairment losses on equity-method investments of ¥27.243 billion were recognised in the consolidated income statement for the year. - FY2022-Q3MaterialisedAnnual report
「This was because finance income increased by ¥18.3 billion, owing mainly to the recognition of valuation gains on investment securities, while finance costs decreased by ¥11.3 billion as valuation losses on investment securities recognised in the same period of the previous year declined. These benefits were offset by a decrease in operating income, a ¥17.1 billion increase in losses on equity-method investments, and a ¥12.9 billion increase in impairment losses on equity-method investments, mainly due to the impairment of shares in 出前館.」
The impairment risk related to investment assets materialised, with impairment losses on equity-method investments increasing by ¥12.9 billion, mainly due to the impairment of shares in 出前館. - FY2021Cited as achievedAnnual report
「Net income for the period increased by ¥41,052 million, or 8.1%, year on year to ¥547,720 million. While operating income increased, finance costs rose by ¥12,448 million, including valuation losses on investment securities held, and impairment losses on equity-method investments increased by ¥7,035 million, including the impairment of the goodwill-equivalent amount relating to the investment in WeWork Japan合同会社, among other factors.」
Valuation losses on investment securities and impairment of the goodwill-equivalent amount relating to the investment in WeWork Japan were also cited in the full-year results as factors behind the increases in finance costs and impairment losses on equity-method investments. - FY2021-Q3MaterialisedAnnual report
「This was due to an increase of ¥17,112 million in finance costs, including valuation losses on investment securities held, and an increase of ¥13,879 million in impairment losses on investments accounted for using the equity method, associated with the impairment of the goodwill-equivalent amount relating to the shares of WeWork Japan合同会社, among other factors.」
The impairment risk related to investment assets and goodwill materialised, with valuation losses on investment securities of ¥17,112 million and impairment losses on equity-method investments related to the shares of WeWork Japan of ¥13,879 million recognised. - FY2021-Q2First statedAnnual report
「Our group has established a framework for regularly monitoring these assets and appropriately testing for impairment under IFRS. However, if we determine as a result that sufficient future economic benefits to recover the investment amount cannot be expected, an impairment loss may be recognised, potentially affecting our group's business development, financial position and operating results. These determinations involve significant estimates by our group, and the timing and amount of impairment losses cannot be predicted accurately.」
The company newly described the risk of impairment losses on tangible fixed assets used in telecommunications networks, software, trademark rights, frequency migration costs, goodwill, investments in associates and other assets if future benefits cannot be expected, as well as the difficulty of predicting their timing and amount. It also referred to impairment testing based on a comparison of the acquisition cost and fair value related to the management integration with LINE.