Cash Management Risk from Dependence on Dividends from the Want Want Group
First written in FY2021. 3 of 12 entries say "Materialised", first in FY2022-Q2. Latest entry: 2026-09-29.
Iwatsuka Confectionery moved to the "Worse" side of this theme in 2021.
The whole theme swung hardest in 2021: 2 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Cited as achieved".
- 2026-09-29Cited as achievedOccurring Fact
「As we received today a notice of the year-end dividend from WANT WANT CHINA HOLDINGS LIMITED (hereinafter, WWCL), in which we hold shares, we will record a year-end dividend of ¥1,281 million as dividend income under non-operating income in the second quarter of the fiscal year ending March 2027.」
Discloses the recording of the ¥1,281 million year-end dividend from WWCL as non-operating income in the second quarter of the fiscal year ending March 2027. - FY2026Decrease in dividends receivedAnnual report
「This was due to a decrease in stock dividends from WANT WANT CHINA HOLDINGS LIMITED., in which the Company holds shares, to ¥1.789 billion, compared with the previous year’s ¥2.816 billion.」
Dividends received from an affiliate of Want Want Group decreased from ¥2.816 billion in the previous fiscal year to ¥1.789 billion, becoming a factor behind the decline in ordinary income. - 2026-05-12OtherEarnings
「We recorded a dividend of ¥1,789 million from WANT WANT CHINA HOLDINGS LIMITED (¥2,816 million in the previous year) as dividend income under non-operating income.」
Updates the fact that dividend income from an affiliate of the Want Want Group declined from the previous year. - FY2026-H1Decrease in dividends receivedAnnual report
「With respect to ordinary income, the Company recorded ¥1.789 billion in stock dividends from WANT WANT CHINA HOLDINGS LIMITED., in which it holds shares, as dividend income under non-operating income. The previous year’s amount was ¥2.816 billion.」
Dividends received from an affiliate of Want Want Group amounted to ¥1.789 billion, down from ¥2.816 billion in the previous year. The disclosure updates the fluctuation in dividends received arising from dependence on dividends. - FY2025Increase in dividends receivedAnnual report
「This was due to an increase in stock dividends from WANT WANT CHINA HOLDINGS LIMITED., in which the Company holds shares, to ¥2.816 billion, compared with the previous year’s ¥1.838 billion.」
Dividends received from an affiliate of Want Want Group amounted to ¥2.816 billion, up from ¥1.838 billion in the previous year. The disclosure updates the fluctuation in dividends received within an earnings structure dependent on dividends. - FY2025-H1Increase in dividends receivedAnnual report
「With respect to ordinary income, the Company recorded ¥2.816 billion in stock dividends from WANT WANT CHINA HOLDINGS LIMITED., in which it holds shares, as dividend income under non-operating income. The previous year’s amount was ¥1.838 billion.」
Dividends received from an affiliate of Want Want Group amounted to ¥2.816 billion, up from ¥1.838 billion in the previous year. The disclosure updates the fluctuation in dividends received within an earnings structure dependent on dividends. - FY2024-Q2MaterialisedAnnual report
「With respect to ordinary income, the Company recorded ¥1.838 billion in stock dividends from WANT WANT CHINA HOLDINGS LIMITED., in which it holds shares, as dividend income under non-operating income. The previous year included ¥4.288 billion in commemorative dividends.」
Dividends received from an affiliate of Want Want Group decreased from ¥4.288 billion in the previous year to ¥1.838 billion, reflecting fluctuations in dividends received within an earnings structure dependent on dividends. - FY2023Increase in dividends receivedAnnual report
「This was mainly due to the recording of ¥5.181 billion in stock dividends from WANT WANT CHINA HOLDINGS LIMITED., in which the Company holds shares, as dividend income under non-operating income. Commemorative dividends made a substantial contribution compared with the previous year.」
Dividends received from an affiliate of Want Want Group amounted to ¥5.181 billion, an increase of 240.8% year on year, updating the amount contributed to earnings and cash flow. - FY2023-Q2Update to dividends receivedAnnual report
「Regarding ordinary profit, we recorded ¥4.288 billion in share dividends from WANT WANT CHINA HOLDINGS LIMITED., in which we hold shares, as dividend income under non-operating income.」
The Company recorded ¥4.288 billion in dividends received from an affiliate of Want Want Group, updating the current-year results for its earnings structure, which is dependent on dividends. - FY2022-Q3MaterialisedAnnual report
「With respect to ordinary income, the Company recorded ¥950 million in stock dividends from WANT WANT CHINA HOLDINGS LIMITED., in which it holds shares, as dividend income under non-operating income. The year-on-year decrease in these dividends was due to the absence of special dividends paid in the previous and the year before that.」
The Company recorded ¥950 million in dividends from Want Want Group and explicitly stated that the year-on-year decrease was due to the absence of special dividends paid in the previous and the year before that. - FY2022-Q2MaterialisedAnnual report
「Regarding ordinary profit, we recorded ¥950 million in share dividends from WANT WANT CHINA HOLDINGS LIMITED., in which we hold shares, as dividend income under non-operating income.」
Dividends of ¥950 million were received from Want Want Group, down from ¥2.218 billion in the same period of the previous year. Actual fluctuations in dividends received arising from dependence on dividends are now reflected in the results. - FY2021First statedAnnual report
「This is because dividends from WANT WANT CHINA HOLDINGS LIMITED., a Chinese food manufacturer, make a significant contribution. Depending on the dividends paid by that company, cash flow could decline, potentially affecting the Company’s financial results and other aspects of its business.」
Given the structure in which dividends from Want Want Group make a significant contribution to cash management, the Company has, for the first time, explicitly identified a decline in cash flow resulting from lower dividends as an independent risk.