Losses associated with investments, loans and guarantees involving JAFEC USA
First written in FY2017. 4 of 9 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Japan Foundation Engineering moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2022: 11 of 19 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「JAFEC USA, Inc. Letters of credit 939,257 1,247,880」
The amount guaranteed by the parent company through letters of credit for JAFEC USA declined from approximately ¥1,659 million in the previous fiscal year to approximately ¥1,248 million. - 2026-06-04MitigatedGeneral Meetings of Shareholders
「We have provided the following guarantees of obligations for JAFEC USA, Inc.」
The balance of guarantees for letters of credit provided for JAFEC USA was ¥1,247.880 million, down from ¥1,659.149 million in FY2024. - FY2024MitigatedAnnual report
「JAFEC USA, Inc. Letters of credit 3,632,326 thousand yen 1,659,149 thousand yen」
The amount of guarantees provided to JAFEC USA through letters of credit declined from ¥3,632.326 million in the previous fiscal year to ¥1,659.149 million. No new valuation loss on shares of affiliates or provision for allowance for doubtful accounts was recognized. - FY2023WorsenedAnnual report
「JAFEC USA, Inc. Letters of credit Operating lease contracts (Note) 3,632,326 thousand yen － Total 3,632,326」
Parent-company guarantees provided to JAFEC USA increased from ¥2,667.147 million in the previous fiscal year to ¥3,632.326 million. On a non-consolidated basis, the company also recognized a ¥230.784 million provision for allowance for doubtful accounts for affiliates. - FY2022WorsenedAnnual report
「Valuation loss on shares of affiliates 203,702 Provision for allowance for doubtful accounts for affiliates 350,448」
In connection with JAFEC USA and other affiliates, the company recognized a ¥203.702 million valuation loss on shares of affiliates and a ¥350.448 million provision for allowance for doubtful accounts for affiliates. Guarantees provided to JAFEC USA totaled ¥2,667.147 million, at approximately the same level as in the previous fiscal year. - FY2020WorsenedAnnual report
「JAFEC USA, Inc. Lease liabilities 4,156 thousand yen Letters of credit 2,389,292 thousand yen Operating lease contracts 273,424 thousand yen Total 2,666,873 thousand yen」
Parent-company guarantees related to JAFEC USA increased from ¥2,189.038 million in the previous fiscal year to ¥2,666.873 million. During the fiscal year, the company also recognized a ¥125.904 million valuation loss on shares of affiliates and a ¥416.564 million provision for allowance for doubtful accounts for affiliates. - FY2019WorsenedAnnual report
「Valuation loss on shares of affiliates 290,764 Provision for allowance for doubtful accounts for affiliates 245,206 JAFEC USA, Inc. Lease liabilities 39,942 thousand yen Letters of credit 1,951,095 thousand yen Operating lease contracts 198,000 thousand yen Total 2,189,038 thousand yen」
In connection with JAFEC USA, the company recognized a ¥290.764 million valuation loss on shares of affiliates and a ¥245.206 million provision for allowance for doubtful accounts for affiliates. Total guarantees provided by the parent company also increased from ¥524.868 million in the previous fiscal year to ¥2,189.038 million. - FY2018ReframedAnnual report
「Provision for allowance for doubtful accounts for affiliates 790,120 Provision for investment loss allowance 103,877」
Losses related to investments and loans to JAFEC USA were reported for the fiscal year as a ¥790.120 million provision for allowance for doubtful accounts for affiliates and a ¥103.877 million provision for investment loss allowance, rather than the valuation loss on shares of affiliates and provision for allowance for doubtful accounts recognized in the previous fiscal year. - FY2017MaterialisedAnnual report
「Valuation loss on shares of affiliates 932,400 Provision for allowance for doubtful accounts for affiliates 508,437」
In connection with the deterioration in JAFEC USA's results and financial condition, the parent company on a non-consolidated basis recognized a ¥932.400 million valuation loss on shares of affiliates and a ¥508.437 million provision for allowance for doubtful accounts for affiliates. In addition, guarantees of JAFEC USA's lease liabilities and letters of credit totaled ¥401.285 million.