Business Deterioration and Non-Recovery Risk at Investees and Borrowers
First written in FY2016. 7 of 13 entries say "Materialised", first in FY2019. Latest entry: 2026-09-14.
Caica Digital moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 7 of 14 companies on the "Worse" side.
18 other companies' latest entry also says "Materialised".
- FY2026-H1MitigatedAnnual report
「In collecting ¥146.006 million in short-term loans and accrued interest, ¥146.006 million was added to investment securities through repayment in kind with shares for the partial collection of loans under a quasi-loan agreement.」
Collections of loans to investees, including repayment in kind with shares, progressed, resulting in proceeds from the collection of loans in investing activities of ¥329 million. - FY2025-H1MitigatedAnnual report
「For the collection of its loan to クシム, カイカFHD received repayment in kind through the acquisition of shares in 株式会社ZEDホールディングス, a consolidated subsidiary of クシム, and transferred the ZED Holdings shares from カイカFHD to 株式会社ネクスグループ. As a result of this share transfer, a gain on the sale of investment securities of ¥529 million was recognized as an extraordinary gain during the interim consolidated accounting period.」
In response to the risk concerning the recoverability of loans to investees, the loan was collected through repayment in kind with shares, and the shares were transferred, resulting in a gain on the sale of investment securities of ¥529 million. - FY2024MaterialisedAnnual report
「In addition, because an impairment loss on investment securities of ¥108 million was recognized as an extraordinary loss, net loss attributable to owners of the parent was ¥359 million (net loss attributable to owners of the parent of ¥3,889 million in the previous consolidated fiscal year).」
The risk relating to declines in the value of investees and held investment securities materialized over the full year as an impairment loss on investment securities of ¥108 million and other valuation losses recorded outside operating income. - FY2024-Q1MaterialisedAnnual report
「In addition, because an impairment loss on investment securities of ¥108 million was recognized as an extraordinary loss, net loss attributable to owners of the parent was ¥228 million (net loss attributable to owners of the parent of ¥743 million in the same quarter of the previous year).」
The risk relating to declines in the value of investees and held investment securities materialized as an impairment loss on investment securities of ¥108 million. - FY2023-Q3MaterialisedAnnual report
「As a result of recognizing impairment losses on investment securities held by the Company's subsidiaries that were expected to continue experiencing a decline in intrinsic value over future periods, recognizing an investment securities valuation loss of ¥76 million in non-operating expenses, and, following an examination of the business and financial conditions of the borrowers under the subsidiaries' long-term loans and accrued long-term interest receivable, recognizing a provision for allowance for doubtful accounts of ¥79 million for those receivables in non-operating expenses, among other factors,」
The risk of deterioration in the businesses of investees and lower recoverability materialized as a ¥76 million investment securities valuation loss and a ¥79 million provision for allowance for doubtful accounts on long-term loans and accrued interest receivable. - FY2023-Q2MaterialisedAnnual report
「As a result of recognizing an investment securities valuation loss of ¥54 million in non-operating expenses and, following an examination of the business and financial conditions of the borrowers under the Company's subsidiaries' long-term loans and accrued long-term interest receivable, recognizing a provision for allowance for doubtful accounts of ¥73 million for those receivables in non-operating expenses, among other factors,」
The decline in the intrinsic value of investment securities and lower recoverability reflecting the business and financial conditions of borrowers materialized as a ¥54 million valuation loss and a ¥73 million provision for allowance for doubtful accounts. - FY2021MaterialisedAnnual report
「Regarding the goodwill arising when カイカエクスチェンジホールディングス, カイカエクスチェンジ and カイカキャピタル became consolidated subsidiaries during the second-quarter consolidated accounting period, the Company assessed recoverability based on estimated future cash flows. As a result, the goodwill was reduced to its recoverable amount, and the reduction of ¥981 million was recognized as an impairment loss under extraordinary losses.」
Risks related to the business plans and recoverability of investees and acquired companies materialized, including a ¥981 million goodwill impairment loss associated with the consolidation of the Zaif Group. - FY2020RestatedAnnual report
「We will continue to conduct regular monitoring after making investments.」
In response to deterioration in investee performance and lower recoverability, a policy of continuing regular post-investment monitoring, in addition to prior evaluation, has been stated. - FY2019MaterialisedAnnual report
「Regarding the amount equivalent to goodwill related to 株式会社フィスコデジタルアセットグループ, an equity-method affiliate, the Company carefully considered the recoverable amount because results were below the initially assumed plan. As a result, ¥300.582 million of the amortized balance at the end of the consolidated fiscal year was recognized in non-operating expenses as “equity-method investment losses.”」
The risk of deterioration in investee performance and lower recoverability materialized as an equity-method investment loss of ¥300.582 million related to the amount equivalent to goodwill for FDAG. - FY2017RestatedAnnual report
「The Group conducts investments and loans after carefully evaluating the risks and recoverability of each transaction in advance.」
The risk of deterioration in the businesses of investees and borrowers and non-recovery, together with the policy of managing it through prior evaluation, is continuing. - FY2016First statedAnnual report
「To expand its business going forward, the Group may make capital investments, establish subsidiaries, develop joint ventures, make business investments for alliances, and conduct M&A, both in Japan and overseas.」
The possibility of being unable to recover investments and loans related to capital investment, subsidiary formation, joint ventures, alliances and M&A undertaken for business expansion has been organized as a new risk.