Impairment Loss on Software Under Construction Due to a Partial Review of Core System Development
First written in FY2022-Q2. 2 of 6 entries say "Restated". Latest entry: 2026-05-12.
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- 2026-05-12AdvancedEarnings
「Payments for the acquisition of intangible assets: ¥1,040 million」
Payments for the acquisition of intangible assets, including the introduction of a new integrated core system, increased to ¥1,040 million from ¥522 million in the previous fiscal year. - FY2026-H1AdvancedAnnual report
「¥683 million in expenditure for the acquisition of intangible assets in connection with the implementation of the new integrated core system」
In connection with the core system, ¥683 million in expenditure for the acquisition of intangible assets associated with the implementation of the new integrated core system was recorded. Compared with the previous disclosures regarding the partial review and impairment of core system development, this indicates progress in acquiring assets associated with the implementation. - FY2023No impairment loss was recognised during the year.Annual report
「Current consolidated fiscal year (from 1 April 2022 to 31 March 2023) Not applicable.」
The ¥130 million impairment loss recorded for core system development in FY2022 was not recorded in FY2023. - FY2022RestatedAnnual report
「During the fiscal year, development costs for the core system had been recorded as software in progress. Following the decision to partially review the development, the originally expected benefits could no longer be anticipated, so the carrying amount was reduced to its recoverable amount, with the reduction recorded as an impairment loss under extraordinary losses.」
The full-year report also confirms that an impairment loss of ¥130 million was recorded on software in progress following a partial review of core system development. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, development costs for the core system had been recorded as software in progress. Following the decision to partially review the development, the originally expected benefits could no longer be anticipated, so the carrying amount was reduced to its recoverable amount, with the reduction recorded as an impairment loss under extraordinary losses.」
It was reconfirmed that an impairment loss of ¥130 million was recorded on software in progress following a partial review of core system development. - FY2022-Q2First statedAnnual report
「During the cumulative second quarter, development costs for the core system had been recorded as software in progress. Following the decision to partially review the development, the originally expected benefits could no longer be anticipated, so the carrying amount was reduced to its recoverable amount, with the reduction of ¥130 million recorded as an impairment loss under extraordinary losses.」
Because a partial review of core system development meant that the originally expected benefits could no longer be anticipated, an impairment loss of ¥130 million was recorded on software in progress.