Impairment of Fixed Assets and Loan Recovery Risk at a U.S. Subsidiary
First written in FY2022. 1 of 3 entries say "Worsened", first in FY2023. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025MitigatedAnnual report
「The decrease in the provision for doubtful accounts for the current fiscal year mainly comprises reversals arising from the underwriting of capital increases by subsidiaries with negative net worth, among other items.」
The provision for doubtful accounts relating to the U.S. subsidiary and others decreased from ¥513 million in the previous fiscal year to ¥14 million, and the disclosure included a reversal of the provision arising from the underwriting of a capital increase by a subsidiary with negative net worth. - FY2023WorsenedAnnual report
「Loans to HOKTO KINOKO COMPANY included in long-term loans to affiliates, etc. ¥8,790 million Provision for doubtful accounts against the above loans ¥3,857 million」
Loans to the U.S. subsidiary were ¥8,790 million and the provision for doubtful accounts was ¥3,857 million, up from loans of ¥7,689 million and a provision of ¥3,220 million in the previous fiscal year. - FY2022First statedAnnual report
「If, due to the occurrence of an event that cannot currently be anticipated, projected selling prices or sales growth rates are revised downward, this could have a significant impact on undiscounted future cash flows and result in the recognition of impairment of fixed assets.」
Disclosed for HOKTO KINOKO COMPANY the possibility that impairment of fixed assets could arise from downward revisions to selling prices or sales growth rates as a significant accounting estimate. A provision for doubtful accounts of ¥3,220 million has been recorded against loans of ¥7,689 million.