Risk of deterioration in investee performance and inability to recover invested amounts
First written in FY2020-Q2. 10 of 12 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Crooz moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 9 of 12 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「For the current consolidated fiscal year (from 1 April 2024 to 31 March 2025), the Company recognized an impairment loss of ¥54.679 million on investment securities.」
In connection with the risk of declining investee value and being unable to recover investments, the Company recognized an impairment loss of ¥999,000 on investment securities during the year. - FY2025MaterialisedAnnual report
「For the current consolidated fiscal year (from 1 April 2024 to 31 March 2025), the Company recognized an impairment loss of ¥54.679 million on investment securities.」
In connection with the risk of declining investee value and being unable to recover investments, the Company actually recognized an impairment loss of ¥54.679 million on investment securities during the year. - FY2024MaterialisedAnnual report
「For the current consolidated fiscal year (from 1 April 2023 to 31 March 2024), the Company recognized an impairment loss of ¥154.813 million on investment securities.」
In connection with the risk of declining investee value and being unable to recover investments, the Company recognized an annual impairment loss of ¥154.813 million on investment securities. - FY2024-Q3MaterialisedAnnual report
「Extraordinary loss Impairment loss on investment securities: 51,071」
In connection with the risk of declining investee value and being unable to recover investments, the Company actually recognized an impairment loss of ¥51.071 million on investment securities during the nine months ended the third quarter. - FY2023MaterialisedAnnual report
「For the current consolidated fiscal year (from 1 April 2022 to 31 March 2023), the Company recognized an impairment loss of ¥44.397 million on investment securities.」
In connection with the risk of declining investee value and being unable to recover investments, the Company actually recognized an impairment loss of ¥44.397 million on investment securities during the year. - FY2021MaterialisedAnnual report
「The investment business reported an operating loss of ¥196.199 million, compared with operating profit of ¥48.625 million in the previous consolidated fiscal year. The main reason for the operating loss was the recognition of impairment losses on certain investments during the fourth quarter.」
Impairment losses on certain investments resulted in the investment business turning from a profit in the previous fiscal year to an operating loss. - FY2021-Q3MaterialisedAnnual report
「Impairment loss - 197,058」
Against the backdrop of the initially expected revenue no longer being anticipated following the transfer of Candle, an impairment loss of ¥197.058 million was recognized during the nine months ended the third quarter, indicating that the decline in the value of investments and acquired businesses continued to be reflected in results. - FY2021-Q2MaterialisedAnnual report
「In part of the media business, with respect to consolidated subsidiary Candle, a share transfer agreement covering all shares held by the Company was signed in August 2020. As a result, the revenue initially expected in the business plan prepared at the time of acquisition was no longer anticipated, and the unamortized balance of goodwill was recognized as an impairment loss. The impairment loss recognized during the second quarter of the current consolidated cumulative period was ¥197.058 million.」
As the initially expected revenue from Candle was no longer anticipated, the Company recognized an actual impairment loss of ¥197.058 million on goodwill. - FY2021-Q1MaterialisedAnnual report
「In part of the media business, with respect to consolidated subsidiary Candle, a share transfer agreement covering all shares held by the Company was signed in August 2020. As a result, the revenue initially expected in the business plan prepared at the time of acquisition was no longer anticipated, and the unamortized balance of goodwill was recognized as an impairment loss. The impairment loss recognized during the first quarter of the current consolidated cumulative period was ¥161.831 million.」
As the initially expected revenue from the investee and acquired business was no longer anticipated, the Company recognized an actual impairment loss of ¥161.831 million on goodwill related to Candle. - FY2020MaterialisedAnnual report
「For the current consolidated fiscal year (from 1 April 2019 to 31 March 2020), the Company recognized impairment losses of ¥91.151 million on operating investment securities and ¥124.868 million on investment securities.」
In connection with the risk of deteriorating investee performance and being unable to recover investments, the Company actually recognized impairment losses on operating investment securities and investment securities. - FY2020-Q3RestatedAnnual report
「When making investments, the Company conducts detailed due diligence on the risks and returns of the target company or business and seeks to mitigate risk. However, the Group's results may be affected if the initially expected returns fail to materialize and the investment cannot be recovered, or if the investee's performance deteriorates sharply because of contingent events that could not be detected in advance.」
The risks of being unable to recover investments and of a sharp deterioration in investee performance, as well as risk mitigation through due diligence, have been reconfirmed. - FY2020-Q2First statedAnnual report
「When making investments, the Company conducts detailed due diligence on the risks and returns of the target company or business and seeks to mitigate risk. However, the Group's results may be affected if the initially expected returns fail to materialize and the investment cannot be recovered, or if the investee's performance deteriorates sharply because of contingent events that could not be detected in advance.」
Following the investment business becoming a separate reporting segment, the Company has for the first time described the impact on results of being unable to recover investments or of a sharp deterioration in investee performance as risks specific to the investment business. It also refers to risk mitigation through due diligence.