Komori
Meiji Electric Industries (3388) · RiskMitigated

Guarantees of Bank Borrowings by an Affiliated Company

First written in FY2017-Q2. 6 of 15 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2024.

15entries
9years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2017-Q3 – FY2018MitigatedFY2020 – FY2021MitigatedFY2023 – FY20242016: 12017: 320172018: 420182019: 220192020: 120202021: 120212022: 120222023: 120232024: 12024
Same theme, other companies
Credit Exposure from Debt GuaranteesA theme 152 companies write about · 164 as a headwind · 1 as a tailwind

Meiji Electric Industries moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).

The whole theme swung hardest in 2017: 12 of 49 companies on the "Worse" side.

78 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 152 companies compared. The sentences above are computed from all 152.
Full recordFilings, disclosures and news, newest first
  1. FY2024MitigatedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous fiscal year (31 March 2023) Current fiscal year (31 March 2024) Meiji Electric Industries (Shanghai) Co., Ltd. ¥99.894 million ¥25.782 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. decreased from ¥99.894 million to ¥25.782 million.
  2. FY2023MitigatedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous fiscal year (31 March 2022) Current fiscal year (31 March 2023) Meiji Electric Industries (Shanghai) Co., Ltd. ¥201.343 million ¥99.894 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. decreased from ¥201.343 million to ¥99.894 million.
  3. FY2022WorsenedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous fiscal year (31 March 2021) Current fiscal year (31 March 2022) Meiji Electric Industries (Shanghai) Co., Ltd. ¥164.367 million ¥201.343 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. increased from ¥164.367 million to ¥201.343 million.
  4. FY2021MitigatedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous fiscal year (31 March 2020) Current fiscal year (31 March 2021) Meiji Electric Industries (Shanghai) Co., Ltd. ¥189.794 million ¥164.367 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. decreased from ¥189.794 million to ¥164.367 million.
  5. FY2020MitigatedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous fiscal year (31 March 2019) Current fiscal year (31 March 2020) Meiji Electric Industries (Shanghai) Co., Ltd. ¥274.909 million ¥189.794 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. decreased from ¥274.909 million to ¥189.794 million.
  6. FY2019ReframedAnnual report

    「Meiji Electric Industries (Shanghai) Co., Ltd. is not presented because it has been included in the scope of consolidation since the current consolidated fiscal year.」

    Although the guarantee balance is no longer presented in the consolidated financial statements following consolidation, the parent company on a standalone basis has recognized guarantee obligations to the company of ¥274.909 million.
  7. FY2019-Q3RestatedAnnual report

    「Meiji Electric Industries (Shanghai) Co., Ltd. is not presented because it has been included in the scope of consolidation since the first quarter of the current consolidated fiscal year.」

    Following the consolidation of the Shanghai subsidiary, its previously disclosed guarantee balance is not presented at the end of the third quarter either.
  8. FY2019-Q2RestatedAnnual report

    「Meiji Electric Industries (Shanghai) Co., Ltd. is not presented because it has been included in the scope of consolidation since the first quarter of the current consolidated fiscal year.」

    Following the consolidation of the Shanghai subsidiary, the previously disclosed guarantee balance is not presented at the end of the second quarter either.
  9. FY2019-Q1ReframedAnnual report

    「Meiji Electric Industries (Shanghai) Co., Ltd. is not presented because it has been included in the scope of consolidation since the first quarter of the current consolidated fiscal year.」

    Following the consolidation of the Shanghai subsidiary, its previously disclosed guarantee balance no longer appears under contingent liabilities in the consolidated financial statements. The text does not explain whether this means that the guarantee risk itself has disappeared.
  10. FY2018WorsenedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Meiji Electric Industries (Shanghai) Co., Ltd.　¥214.968 million　¥279.739 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. increased from ¥214.968 million at the end of the previous consolidated fiscal year to ¥279.739 million at the end of the current consolidated fiscal year.
  11. FY2018-Q3WorsenedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous consolidated fiscal year (31 March 2017) Third quarter of the current consolidated fiscal year (31 December 2017) Meiji Electric Industries (Shanghai) Co., Ltd. ¥214.968 million ¥302.596 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. increased from ¥214.968 million at the end of the previous consolidated fiscal year to ¥302.596 million at the end of the third quarter.
  12. FY2018-Q2WorsenedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous consolidated fiscal year (31 March 2017) Second quarter of the current consolidated fiscal year (30 September 2017) Meiji Electric Industries (Shanghai) Co., Ltd. ¥214.968 million ¥278.132 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. increased from ¥214.968 million at the end of the previous consolidated fiscal year to ¥278.132 million at the end of the second quarter.
  13. FY2018-Q1WorsenedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous consolidated fiscal year (31 March 2017) First quarter of the current consolidated fiscal year (30 June 2017) Meiji Electric Industries (Shanghai) Co., Ltd. ¥214.968 million ¥244.558 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. increased from ¥214.968 million at the end of the previous consolidated fiscal year to ¥244.558 million at the end of the first quarter.
  14. FY2017-Q3WorsenedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Previous consolidated fiscal year (31 March 2016) Third quarter of the current consolidated fiscal year (31 December 2016) Meiji Electric Industries (Shanghai) Co., Ltd. ¥212.280 million ¥204.720 million」

    The guarantee balance for Meiji Electric Industries (Shanghai) Co., Ltd. increased from ¥185.280 million reported in the previous quarterly report to ¥204.720 million, but remained below the ¥212.280 million balance at the end of the previous consolidated fiscal year.
  15. FY2017-Q2First statedAnnual report

    「The Group provides guarantees for bank borrowings of the following company. Meiji Electric Industries (Shanghai) Co., Ltd.　¥185.280 million」

    The guarantee for bank borrowings of Meiji Electric Industries (Shanghai) Co., Ltd. is reported at ¥185.280 million, compared with ¥212.280 million at the end of the previous consolidated fiscal year.
Moved together

"Uncertainty in the Capital Investment Environment Due to the Stronger Yen, Sluggish Domestic Sales, and a Slowdown in the Chinese Economy" moved the same way as this thread, in the same document, in 6 of its 15 moves.

653333★123456
  1. ★This thread
  2. 1Uncertainty in the Capital Investment Environment Due to the Stronger Yen, Sluggish Domestic Sales, and a Slowdown in the Chinese Economy6×
  3. 2Dependence on the Automotive-Related Industries and Toyota Group5×
  4. 3Shareholder returns targeting a consolidated payout ratio of 30%3×
  5. 4Introduction of Profit-Linked Executive Compensation3×
  6. 5Measurement Equipment Distributor and Agency Agreement with Yokogawa Electric Corporation and Yokogawa Solution Service Corporation3×
  7. 6Fiscal 2020 performance targets and securing ROE of at least 8%3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Meiji Electric Industries's next results are scheduled for 2026-10-30. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Guarantees of Bank Borrowings by an Affiliated Company | MEIJI ELECTRIC INDUSTRIES CO.,LTD. (3388) | Komori