Investee underperformance, unrealized synergies and inability to recover investments
First written in FY2016. 16 of 21 entries say "Materialised", first in FY2017. Latest entry: FY2026.
GREE Holdings moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 28 of 83 companies on the "Worse" side.
28 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥375 million were recognized on securities (¥375 million on shares classified as other securities (¥346 million in operating investment securities and ¥29 million in investment securities)).」
Total impairment losses of ¥375 million were recognized on operating investment securities and investment securities, and declines in investee valuations and collection risks actually materialized during the fiscal year. - 2026-05-13MaterialisedEarnings
「Performance remained sluggish due in part to the impact of revaluations of shares held by investee funds.」
The impact of revaluations of shares held by investee funds was reflected in results for the quarter. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥529 million were recognized on securities (¥529 million on shares classified as other securities (¥443 million in operating investment securities and ¥86 million in investment securities)).」
Total impairment losses of ¥529 million were recognized on operating investment securities and investment securities, and declines in investee valuations and collection risks actually materialized during the fiscal year. - FY2024MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥231 million were recognized on securities (¥231 million on shares classified as other securities (¥231 million in operating investment securities)).」
An impairment loss of ¥231 million was recognized on operating investment securities, and declines in investee valuations and collection risks actually materialized during the fiscal year. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥790 million were recognized on securities (¥790 million on shares classified as other securities (¥153 million in operating investment securities and ¥636 million in investment securities)).」
Impairment losses of ¥790 million were recognized on investment securities and other assets, and declines in investee valuations and collection risks actually materialized during the fiscal year. - FY2023-Q3RestatedAnnual report
「As a result of recording an impairment loss of ¥620 million on investment securities as an extraordinary loss, among other factors, net income attributable to owners of the parent was ¥4,167 million, down 36.9% year on year.」
The recording of an impairment loss of ¥620 million on investment securities continues to be disclosed. The amount is the same as the cumulative amount reported in the previous quarterly report, and no additional impairment loss is indicated. - FY2023-Q2MaterialisedAnnual report
「As a result of recording an impairment loss of ¥620 million on investment securities as an extraordinary loss, among other factors, net income attributable to owners of the parent was ¥934 million, down 74.4% year on year.」
An impairment loss of ¥620 million was recognized on investment securities, and declines in investee valuations and collection risks actually materialized during the cumulative second quarter of the current fiscal year. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥221 million were recognized on securities (¥221 million on shares classified as other securities (¥41 million in operating investment securities and ¥179 million in investment securities)).」
Impairment losses of ¥221 million were recognized on securities, and declines in investee valuations and collection risks actually materialized during the fiscal year. - FY2022-Q3RestatedAnnual report
「The Group invests in venture capital funds and startups, primarily in the internet and IT sectors. If the performance of investee companies falls short of their business plans, or their future growth prospects or earnings outlook deteriorates, the Group may be unable to recover its investments, which could affect its business development and financial position.」
The risks associated with investees in the investment and incubation business, including failure to meet business plans, deterioration in growth prospects and earnings outlooks, and inability to recover investments, have been reiterated. - FY2022-Q2RestatedAnnual report
「The Group invests in venture capital funds and startups, primarily in the internet and IT sectors. If the performance of investee companies falls short of their business plans, or their future growth prospects or earnings outlook deteriorates, the Group may be unable to recover its investments, which could affect its business development and financial position.」
The risks associated with investees in the investment and incubation business, including failure to meet business plans, deterioration in growth prospects and earnings outlooks, and inability to recover investments, have been reiterated as additional risk factors. - FY2022-Q1RestatedAnnual report
「The Group invests in venture capital funds and startups, primarily in the internet and IT sectors. If the performance of investee companies falls short of their business plans, or their future growth prospects or earnings outlook deteriorates, the Group may be unable to recover its investments, which could affect its business development and financial position.」
As the investment and incubation business has become fully operational, the Company has explicitly identified the risk that investments in venture capital funds and startups may not be recovered because of failure to meet business plans or deterioration in growth prospects. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥68 million were recognized on securities (¥40 million on shares classified as other securities and ¥28 million on shares in affiliated companies).」
Impairment losses of ¥68 million were recognized on investment securities and other assets, and declines in investee valuations and collection risks continued to materialize. - FY2021-Q3MaterialisedAnnual report
「Impairment loss on investment securities 72 40」
The Company recorded an impairment loss of ¥40 million on investment securities during the cumulative third quarter of the current fiscal year, as declines in investee valuations and collection risks continued to materialize. - FY2020-Q2MaterialisedAnnual report
「Loss on valuation of investment securities 72」
A loss on valuation of investment securities of ¥72 million was recognized for the first six months of the current fiscal year, and the risks of declines in investee value and inability to recover investments continued to materialize. - FY2020-Q1MaterialisedAnnual report
「Loss on valuation of investment securities － 9」
A loss on valuation of investment securities of ¥9 million was recognized for the first quarter of the current fiscal year, and the risks of declines in investee value and inability to recover investments continued to materialize. - FY2019MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses were recognized on securities totaling ¥840 million, comprising ¥840 million on shares classified as other securities.」
An impairment loss of ¥840 million was recognized on investment securities, and the risks of declines in investee value and inability to recover investments continued to materialize. - FY2019-Q3MaterialisedAnnual report
「Loss on valuation of investment securities 96」
A loss on valuation of investment securities of ¥96 million was recognized for the first nine months of the current fiscal year, and the risks of declines in investee value and inability to recover investments continued to materialize. - FY2019-Q2MaterialisedAnnual report
「Loss on valuation of investment securities 95」
A loss on valuation of investment securities of ¥95 million was recognized for the first six months of the current fiscal year, and the risks of declines in investee value and inability to recover investments continued to materialize. - FY2018MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses were recognized on securities totaling ¥93 million, comprising ¥93 million on shares classified as other securities.」
An impairment loss of ¥93 million was recognized on investment securities, and the risks of declines in investee value and inability to recover investments continued to materialize. - FY2017MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses were recognized on securities totaling ¥196 million, comprising ¥196 million on shares classified as other securities.」
An impairment loss of ¥196 million was recognized on investment securities, indicating that some of the risks of declines in investee value and inability to recover investments had materialized. - FY2016First statedAnnual report
「However, if the business of an investee does not progress as planned, expected business synergies are not achieved, invested funds become unrecoverable, or impairment losses or allowance for doubtful accounts are recognized in line with the investee’s performance, this may affect the Group’s business development and operating results.」
While conducting due diligence and internal deliberations before making investments, the Group identifies failure to achieve synergies, inability to recover investments, impairment and bad debts as risks.