Subsidiary’s Deviation from Business Plan and Materialization of Impairment Risk
First written in FY2016. 8 of 13 entries say "Worsened", first in FY2017. Latest entry: FY2025-H1.
Kitanotatsujin moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2025-H1Transfer completed; excluded from the scope of consolidationAnnual report
「As the company transferred all shares of FM NORTH WAVE on 31 July 2024, FM NORTH WAVE was excluded from the scope of consolidation.」
The transfer of all shares of FM NORTH WAVE, for which deviations from its business plan and impairment had been disclosed, was completed, and the company was excluded from the scope of consolidation. - FY2025-Q1Decision to transfer consolidated subsidiaryAnnual report
「Accordingly, we proceeded to consider transferring the shares to a company with a stronger local presence in Hokkaido to facilitate FM NORTH WAVE's further development.」
The company determined that mutual development had become difficult for FM NORTH WAVE after management functions were transferred to Tokyo, and decided to transfer all shares to a company with a strong local presence in Hokkaido. The impact on consolidated results after the transfer was under review and had not been determined. - FY2024WorsenedAnnual report
「The company records an allowance for doubtful accounts against the amount equivalent to FM NORTH WAVE's negative net worth as the expected uncollectible amount of its long-term loan to the affiliate.」
The allowance for doubtful accounts on the long-term loan to FM NORTH WAVE increased from ¥97.934 million to ¥151.000 million, indicating an increase in the expected uncollectible amount attributable to the subsidiary's financial condition. - FY2023WorsenedAnnual report
「The company records an allowance for doubtful accounts against the amount equivalent to FM NORTH WAVE's negative net worth as the expected uncollectible amount of its long-term loan to the affiliate. If an uncovered portion of the negative net worth remains, the company records a provision for loss on investments in affiliates for its share of the burden.」
The allowance for doubtful accounts for FM NORTH WAVE was ¥97.934 million and the provision for loss on investments in affiliates was ¥34.356 million, indicating that the parent company continues to bear costs related to the subsidiary's financial condition. - FY2022MaterialisedAnnual report
「At the end of the consolidated fiscal year, we determined that achieving the originally projected earnings would be difficult and that no future cash flows could be expected. Accordingly, the recoverable amount was set at zero and the entire carrying amount of the fixed assets was recorded as an impairment loss.」
For the newly consolidated subsidiary FM NORTH WAVE, difficulty in achieving projected earnings and the lack of expected future cash flows were identified, and an impairment loss of ¥115.844 million was recorded on broadcasting equipment and other assets. - FY2019MitigatedAnnual report
「There are no applicable matters because the former subsidiary 株式会社オーダーコスメジャパン completed its liquidation on 29 January 2019.」
The subsidiary, which had continued to deviate from its business plan and increase its allowance for doubtful accounts, completed its liquidation and ceased to exist by the end of the fiscal year. Following the waiver of its receivables, the remaining ¥1.176 million was recorded as a bad debt loss. - FY2019-Q3WorsenedAnnual report
「Investments and other assets Allowance for doubtful accounts △45.508 △46.164」
The allowance for doubtful accounts on long-term loans and other receivables from the subsidiary increased from ¥45.508 million at the end of the previous fiscal year to ¥46.164 million. - FY2019-Q1WorsenedAnnual report
「Investments and other assets Allowance for doubtful accounts △45.568」
The allowance for doubtful accounts on long-term loans and other receivables from the subsidiary increased from ¥45.508 million at the end of the previous fiscal year to ¥45.568 million. The figures quantify the deterioration in risk as an increase in the allowance. - FY2018WorsenedAnnual report
「The company recorded an allowance for doubtful accounts on long-term loans to a subsidiary as follows: allowance for doubtful accounts against the period-end balance of receivables, ¥45.508 million; provision for allowance for doubtful accounts during the fiscal year, ¥0.634 million.」
The allowance for doubtful accounts on long-term loans to the subsidiary increased from ¥44.874 million in the previous fiscal year to ¥45.508 million, with an additional ¥0.634 million recorded during the fiscal year. - FY2018-Q3WorsenedAnnual report
「Investments and other assets Allowance for doubtful accounts △44.874 △45.479」
The allowance for doubtful accounts on long-term loans and other receivables from the subsidiary increased from ¥44.874 million at the end of the previous fiscal year to ¥45.479 million. - FY2018-Q1WorsenedAnnual report
「Investments and other assets Allowance for doubtful accounts △44.874 △45.360」
The allowance for doubtful accounts on long-term loans and other receivables from the subsidiary increased from ¥44.874 million at the end of the previous fiscal year to ¥45.360 million. The business and other risks section of the quarterly report states that there were no new risks or material changes. - FY2017WorsenedAnnual report
「The company recorded an allowance for doubtful accounts on long-term loans to a subsidiary as follows: allowance for doubtful accounts against the period-end balance of receivables, ¥44.874 million; provision for allowance for doubtful accounts during the fiscal year, ¥8.601 million.」
The allowance for doubtful accounts on long-term loans to the subsidiary increased from ¥36.273 million to ¥44.874 million, with an additional ¥8.601 million recorded during the fiscal year. - FY2016MaterialisedAnnual report
「We had developed a business selling customized serums online for individual customers, but sales did not grow as expected. We subsequently sought to close the gap with the original business plan by developing an ordering channel through beauty salons and substantially revising online prices, among other measures, but were unable to eliminate the gap.」
The company recorded an impairment loss on shares of an affiliate of ¥10.000 million and an allowance for doubtful accounts of ¥36.273 million.