Insolvency of Consolidated Subsidiaries
First written in FY2024. 2 of 3 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Kitahama Capital Partners moved to the "Worse" side of this theme in 2025, 2 years after 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".
- FY2026WorsenedAnnual report
「The following companies were insolvent, and as of 31 March 2026, their negative net worth was ¥216.767 million for 北浜GRF株式会社, ¥7.990 million for 忍者エナジー合同会社, ¥11.691 million for 北浜PV開発1合同会社, ¥3.788 million for 北浜PV開発2合同会社, ¥32.879 million for SUN Digital Transformation株式会社, ¥33.114 million for サンリアルティ株式会社, ¥109.638 million for マース株式会社, ¥198.705 million for CONQUER株式会社, ¥25.128 million for Sanyo Engineering & Construction Inc., ¥196 thousand for HD合同会社, ¥87.090 million for KM合同会社 and ¥217 thousand for アマリロ株式会社.」
The number of insolvent companies increased from 10 in the previous fiscal year to 12, and the company disclosed the amounts of negative net worth for multiple consolidated subsidiaries, including ¥216 million for 北浜GRF株式会社, ¥198 million for CONQUER株式会社, ¥109 million for マース株式会社 and ¥87 million for KM合同会社. - FY2025WorsenedAnnual report
「The following companies were insolvent, and as of 31 March 2025, their negative net worth was ¥42.535 million for 北浜GRF株式会社, ¥2.389 million for 忍者エナジー合同会社, ¥195.163 million for 山陽小野田バイオマス燃料供給株式会社, ¥2.202 million for 北浜PV開発1合同会社, ¥27.981 million for サンリアルティ株式会社, ¥96.440 million for マース株式会社, ¥198.501 million for CONQUER株式会社, ¥20.642 million for Sanyo Engineering & Construction Inc., ¥105 thousand for HD合同会社 and ¥154 thousand for KM合同会社.」
The number of insolvent companies increased from 6 in the previous fiscal year to 10, and the company disclosed the specific amounts of negative net worth for several companies, including ¥195 million for 山陽小野田バイオマス燃料供給株式会社 and ¥198 million for CONQUER株式会社. - FY2024First statedAnnual report
「The following companies were insolvent, and as of 31 March 2024, their negative net worth was ¥1.212 million for サンリアルティ株式会社, ¥15.216 million for 山陽小野田バイオマス燃料供給株式会社, ¥30.747 million for 株式会社Martial ACE Holdings, ¥7.491 million for Sanyo Engineering & Construction Inc., ¥85.090 million for マース株式会社 and ¥197.713 million for CONQUER株式会社.」
The company disclosed the specific amounts of negative net worth as of the end of March 2024 for 6 consolidated subsidiaries.