Excess of Liabilities over Assets at 株式会社和楽 and Provision for Losses on Debt Guarantees
First written in FY2023. 2 of 5 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2026: 4 of 10 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「For the current fiscal year, we assessed the recoverability of loans to ㈱和楽, which is in a net liability position, and the likelihood of performance under guarantees of its debt. Based on a comprehensive assessment of the company's financial position and its ability to pay under its future business plans, we calculated the amount expected to be uncollectible and recorded a provision for loss on debt guarantees of ¥160.439 million. At the end of the current fiscal year, the balance of guarantees of debt for affiliates in a net liability position was ¥557.700 million, of which guarantees of debt for ㈱和楽 amounted to ¥459.440 million.」
The provision for loss on debt guarantees was ¥160.439 million, unchanged from the previous year, while the balance of guarantees of debt for ㈱和楽 decreased from ¥459.440 million to ¥370.049 million. - 2026-09-08RestatedGeneral Meetings of Shareholders
「For loans to Waraku Co., Ltd., which is insolvent, and the likelihood of fulfilling its debt guarantees, we assessed its ability to pay comprehensively based on its financial condition and future business plans, calculated the expected uncollectible amount, and recorded a provision for loss on debt guarantees of ¥160.439 million.」
The company reconfirmed that it recorded a provision for loss on debt guarantees related to Waraku of ¥160.439 million. - FY2025MitigatedAnnual report
「For loans to and the likelihood of performing debt guarantees for Waraku Co., Ltd., which is insolvent, the company calculates the estimated uncollectible amount based on a comprehensive assessment of the company's ability to pay, taking into account its financial condition and future business plans, and recorded a provision for loss on debt guarantees of ¥160.439 million for the current fiscal year.」
The provision for loss on debt guarantees related to Waraku Co., Ltd. declined from ¥203.568 million to ¥160.439 million, while the balance of debt guarantees for the company also declined from ¥459.440 million to ¥419.089 million. - FY2024Debt guarantee and provision amounts updatedAnnual report
「For loans to and the likelihood of performing debt guarantees for Waraku Co., Ltd., which is insolvent, the company calculates the estimated uncollectible amount based on a comprehensive assessment of the company's ability to pay, taking into account its financial condition and future business plans, and has recorded a provision for loss on debt guarantees of ¥203.568 million for the current fiscal year. The balance of debt guarantees at the end of the current fiscal year for insolvent affiliated companies was ¥557.700 million, of which the balance of debt guarantees for Waraku Co., Ltd. was ¥459.440 million.」
The balance of debt guarantees for Waraku Co., Ltd. was ¥459.440 million, and the provision for loss on debt guarantees related to the company was ¥203.568 million. - FY2023MaterialisedAnnual report
「For loans to and the likelihood of performing debt guarantees for Waraku Co., Ltd., which is insolvent, the company calculates the estimated uncollectible amount based on a comprehensive assessment of the company's ability to pay, taking into account its financial condition and future business plans, and has recorded a provision for loss on debt guarantees of ¥224.011 million. The balance of debt guarantees at the end of the period for insolvent affiliated companies was ¥562.538 million, of which the balance of debt guarantees for Waraku Co., Ltd. was ¥498.780 million.」
In light of the deterioration in Waraku Co., Ltd.'s financial condition, the company recorded a provision for loss on debt guarantees of ¥224.011 million against debt guarantees of ¥498.780 million and other amounts for the company.