Failure to Achieve the Expected Benefits of New Investments and Changes in the Use of Funds Raised
First written in FY2016. 3 of 6 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2024.
Vega corporation moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
7 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「During the fiscal year, the company recognized a ¥110 million loss on valuation of investment securities as an extraordinary loss for investment securities it held whose fair value was judged to have fallen significantly below their carrying value.」
The company recognized a ¥110 million loss on valuation of investment securities as an extraordinary loss, indicating that the investment valuation-loss risk had materialized as an actual loss during the fiscal year. - FY2024-Q3MaterialisedAnnual report
「During the nine-month period, the company recognized a ¥100 million loss on valuation of investment securities as an extraordinary loss for investment securities it held whose fair value was judged to have fallen significantly below their carrying value.」
The company recognized a ¥100 million loss on valuation of investment securities as an extraordinary loss, indicating that the valuation-loss risk associated with investments had materialized as an actual loss during the nine-month period. - FY2023-Q3MaterialisedAnnual report
「Extraordinary losses Loss on valuation of investment securities — 120,000 Total extraordinary losses — 120,000」
The company recognized a ¥120 million loss on valuation of investment securities as an extraordinary loss, indicating that the valuation-loss risk associated with new investments had materialized as an actual loss. - FY2018RestatedAnnual report
「For investments, the company operates a decision-making process involving thorough preliminary due diligence, review and deliberation in accordance with internal standards, and careful assessment of risks.」
The company continues to operate a decision-making process based on preliminary due diligence, internal standards and deliberation in response to risks including failure to meet investment plans, unrealized synergies and impairment losses. - FY2017MitigatedAnnual report
「For investments, the company operates a decision-making process involving thorough preliminary due diligence, review and deliberation in accordance with internal standards, and careful assessment of risks.」
In response to risks including shortfalls in the benefits of new investments, the company operates a decision-making process based on preliminary due diligence, internal standards and deliberation. - FY2016First statedAnnual report
「If an invested business fails to progress as planned and the expected business synergies are not achieved, or if the underperformance of an invested business requires the recognition of impairment losses or an allowance for doubtful accounts, this could have a material impact on the company's operating results and financial position.」
The company is considering investments in and acquisitions of new businesses, while identifying failure to meet plans, unrealized synergies, impairment losses, bad debts and changes in the use of funds raised as risks.