Impairment losses on investment securities and advances due to investees’ failure to meet performance plans
First written in FY2018. 4 of 7 entries say "Materialised", first in FY2018. Latest entry: FY2022-Q2.
Zozo moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
Regarding the risk of impairment losses on investment securities and prepaid expenses due to an investee falling short of its business plan, it was explained that there had been no material changes. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
Regarding the risk of impairment losses on investment securities and prepaid expenses due to an investee falling short of its business plan, it was explained that there had been no material changes. - FY2020MaterialisedAnnual report
「During the fiscal year, impairment charges of ¥546 million were recorded on unlisted shares and ¥1,150 million on shares in unconsolidated subsidiaries.」
Impairment losses on investment securities associated with deterioration in investees’ performance and financial condition totaled ¥1,697 million for the full year. - FY2020-Q3MaterialisedAnnual report
「Impairment loss on investment securities 1,697」
An impairment loss on investment securities of ¥1,697 million was recorded for the cumulative third-quarter period, indicating that impairment-loss risks associated with deterioration in investees’ performance and financial condition continued to materialize as actual losses. - FY2020-Q2MaterialisedAnnual report
「After taking into account the impact of deterioration in the operating performance and financial condition of our minority equity investees, we recorded impairment losses on investment securities of ¥1,150 million and ¥546 million, respectively.」
Following deterioration in the operating performance and financial condition of minority equity investees, an impairment loss on investment securities of ¥546 million was recorded. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
Regarding the risk of impairment losses on investment securities and prepaid expenses due to an investee falling short of its business plan, it was explained that there had been no further material changes. - FY2018MaterialisedAnnual report
「As the performance of our equity-method affiliate StretchSense Limited has remained below its original plan, we recorded an impairment loss on investment securities of ¥1,848 million and an impairment loss on prepaid expenses of ¥663 million for prepaid amounts already paid to the company.」
The performance of equity-method affiliate StretchSense Limited fell below its original plan, resulting in an impairment loss on investment securities of ¥1,848 million and an impairment loss on prepaid expenses of ¥663 million.