ファンガーデン’s losses, excess liabilities and debt guarantees
First written in FY2017. 3 of 4 entries say "Worsened", first in FY2018. Latest entry: FY2025.
Berg Earth moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 18 of 45 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Fan Garden is a company with negative net worth. As of 31 October 2025, its negative net worth after consolidation adjustments was ¥174 million.」
The Company newly disclosed that Fan Garden’s negative net worth was ¥174 million as of the end of October 2025. - FY2019WorsenedAnnual report
「Fan Garden … total net assets, negative ¥86 million; pretax net loss, negative ¥46 million; net loss, negative ¥46 million.」
Fan Garden’s net assets improved from negative ¥89 million in the previous fiscal year to negative ¥86 million, while its net loss increased from ¥25 million to ¥46 million. - FY2018WorsenedAnnual report
「The summarized financial information of Fan Garden is as follows: total net assets, negative ¥89 million; pretax net loss, negative ¥25 million; net loss, negative ¥25 million.」
Fan Garden’s net loss narrowed from ¥127 million in the previous fiscal year to ¥25 million, while net assets declined from negative ¥64 million to negative ¥89 million, expanding its negative net worth. - FY2017First statedAnnual report
「Fan Garden was a material affiliate during the current consolidated fiscal year. Its summarized financial information is as follows: total net assets, negative ¥64 million; pretax net loss, negative ¥127 million; net loss, negative ¥127 million.」
Fan Garden had negative net assets for the fiscal year and recorded a net loss of ¥127 million. The deterioration in the affiliate’s financial condition was specifically indicated in connection with the existing debt guarantee risk.