Similar to the European Financial Reporting Advisory Group (EFRAG), the Accounting Standards Board of Japan (ASBJ) took up research on goodwill and goodwill impairment following the post-implementation review of IFRS 3 ‘Business Combinations’. Originally, these two research efforts were not connected, only relatively late in the process data and findings were combined and exchanged. Therefore, the ASBJ research report now published is a companion piece to the EFRAG report published last week but not identical.