Chronic Negative Net Worth at ショッパー and Risk of Failure to Achieve a Turnaround
First written in FY2016. 4 of 9 entries say "Worsened", first in FY2017. Latest entry: FY2021.
Chiikishinbunsha moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2018: 6 of 10 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「ショッパー社, formerly a consolidated subsidiary, completed its liquidation during the fiscal year, so there were no applicable matters at the end of the fiscal year.」
The disclosure states that the completion of the liquidation of ショッパー社, whose negative net worth had become persistent, resolved the group's exposure to the risk of failed rehabilitation and continued support. - FY2021-Q3RestatedAnnual report
「シ ョッパー社 had implemented measures to restore its performance, including reviewing its distribution areas and strengthening its staffing structure. However, because the company determined that improving profitability would be difficult due to the impact of the spread of COVID-19, it decided to dissolve ショッパー社 after the February issue.」
The company reconfirms that it decided to dissolve ショッパー社 after implementing measures to restore its performance but determining that improving profitability would be difficult. - FY2021-Q2RestatedAnnual report
「ショッパー社 had implemented measures to restore its performance, including reviewing its distribution areas and strengthening its staffing structure. However, the company determined that improving profitability would be difficult due to the impact of the spread of COVID-19 and decided to dissolve ショッパー社 after the February issue.」
The company reconfirms that it decided to dissolve ショッパー社 after implementing measures to restore its performance but determining that improving profitability would be difficult. - FY2021-Q1MaterialisedAnnual report
「During the three months ended the first quarter, the decline in the number of customers continued unabated. The company determined that it would be difficult for ショッパー社 to become profitable on a standalone basis and decided to dissolve and liquidate the company after the issue published in February 2021.」
After determining that the rehabilitation and return to profitability of ショッパー社 would be difficult, the company decided to dissolve and liquidate it, making the risk of failing to achieve rehabilitation a specific business wind-down. - FY2020WorsenedAnnual report
「The company has negative net worth, amounting to ¥582.839 million as of the end of June 2020.」
ショッパー社's negative net worth increased from ¥479.813 million at the end of June 2019 to ¥582.839 million. The company also recorded an ordinary loss of ¥96.386 million and a net loss of ¥103.025 million. - FY2019WorsenedAnnual report
「The company has negative net worth, amounting to ¥479.813 million as of the end of June 2019.」
ショッパー社's negative net worth increased from ¥461.229 million at the end of June 2018 to ¥479.813 million. The disclosure also reports revenue of ¥816.058 million, an ordinary loss of ¥17.784 million and a net loss of ¥18.584 million. - FY2018WorsenedAnnual report
「The company has negative net worth, amounting to ¥461.229 million as of the end of June 2018.」
ショッパー社's negative net worth increased from ¥413.932 million at the end of June 2017 to ¥461.229 million. The disclosure also reports revenue of ¥807.036 million, an ordinary loss of ¥44.957 million and a net loss of ¥47.296 million. - FY2017WorsenedAnnual report
「The company has negative net worth, amounting to ¥413.932 million as of the end of June 2017.」
In addition to the continuing negative net worth of ショッパー社, the company disclosed specific figures as of the end of June 2017: negative net worth of ¥413.932 million, revenue of ¥779.483 million, an ordinary loss of ¥99.863 million and a net loss of ¥101.684 million. - FY2016First statedAnnual report
「ショッパー社 has a sustained negative net worth. Going forward, the company will combine the customer bases, editorial expertise and sales know-how of CHIIKISHINBUNSHA CO.,LTD. and ショッパー社, actively promote the sharing and use of management resources, and focus on maximising synergies within the group. However, if the rehabilitation of ショッパー社 does not proceed as planned, the group's continued business expansion could be hindered, adversely affecting its business, performance or financial condition.」
The company identifies ショッパー社's sustained negative net worth as a structural financial risk and describes the impact on the group if its rehabilitation does not proceed as planned.