Risk Relating to Investee Performance and Investment and Financing Results
First written in FY2016. 2 of 13 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2020: 29 of 87 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2025Update to the composition of investments and loansAnnual report
「As of 30 September 2025, the Company had invested in a total of 9 companies, primarily for the purpose of business alliances. It had also invested in investment limited partnerships. In addition, it had 6 unconsolidated subsidiaries and affiliates and held shares in those companies.」
There were 9 investees and 6 unconsolidated subsidiaries and affiliates. The disclosure maintains the possibility that the performance of investees and other recipients of investments and loans may affect the Group, as well as its policy of continuing to make investments and loans to third-party companies. - FY2025-H1Continued acquisition of investment securitiesAnnual report
「Payments for the acquisition of investment securities, which did not occur in the same interim period of the previous year, amounted to ¥10,560 thousand, while」
New payments of ¥10,560 thousand for the acquisition of investment securities were incurred, adding to exposure to investments and loans. - FY2023WorsenedAnnual report
「In light of the fact that the company's recent operating results were substantially below its initial profit plan and that it was difficult to establish highly reliable future profit forecasts based on those results, the carrying amounts of the consolidated goodwill and the property, plant and equipment and intangible assets held by the company were reduced to their recoverable amounts, and the resulting reduction was recorded as an impairment loss under extraordinary losses.」
Regarding the investment in エアーズ, an annual impairment loss of ¥268,457 thousand was recorded on goodwill and other assets as the company continued to underperform its initial profit plan. - FY2023-Q3WorsenedAnnual report
「In light of the fact that the company's recent operating results were substantially below its initial profit plan and that it was difficult to establish highly reliable future profit forecasts based on those results, the carrying amounts of the consolidated goodwill and the property, plant and equipment and intangible assets held by the company were reduced to their recoverable amounts, and the resulting reduction was recorded as an impairment loss under extraordinary losses.」
Regarding the investment in 株式会社エアーズ, the impairment loss increased from ¥231,249 thousand reported for the previous quarterly period to ¥237,623 thousand, and the carrying amounts of property, plant and equipment and intangible assets were reduced in addition to goodwill. - FY2023-Q2MaterialisedAnnual report
「In light of the fact that the company's recent operating results were substantially below its initial profit plan and that it was difficult to establish highly reliable future profit forecasts based on those results, the carrying amounts of the consolidated goodwill and the property, plant and equipment and intangible assets held by the company were reduced to their recoverable amounts, and the resulting reduction was recorded as an impairment loss under extraordinary losses.」
Regarding the investment in 株式会社エアーズ, operating results after the acquisition fell substantially below the initial profit plan, resulting in the recognition of impairment losses on goodwill and other assets. - FY2023-Q1Execution of investment and financing through the acquisition of エアーズ as a subsidiaryAnnual report
「Consideration for acquisition Cash ¥200,000 thousand Acquisition cost ¥200,000 thousand」
The acquisition of shares in 株式会社エアーズ resulted in a new investment of ¥200,000 thousand in cash. - FY2022Increase in the number of investeesAnnual report
「As of 30 September 2022, the Company and its consolidated subsidiaries had invested in a total of 11 companies, primarily for the purpose of business alliances. They had also invested in investment limited partnerships. In addition, they had 5 unconsolidated subsidiaries and affiliates and held shares in those companies.」
The number of investees increased from 9 in the previous fiscal year to 11. There were 5 unconsolidated subsidiaries and affiliates, and the disclosure continues to identify the risk that the performance of investees and other recipients of investments and loans may affect the Group's future financial position and operating results. - FY2022-Q3Increase in investment securities holdings through the acquisition of other securitiesAnnual report
「Investments and other assets increased substantially overall, mainly due to the acquisition of other securities and other factors, despite a decrease in deferred tax assets.」
The balance of investment securities increased from ¥251,019 thousand at the end of the previous consolidated fiscal year to ¥434,955 thousand, mainly as a result of the acquisition of other securities and other factors. - FY2022-Q2Increased investment exposure through the acquisition of investment securitiesAnnual report
「Net cash used in investing activities was ¥266,361 thousand, up 145.8% year on year. The change from the same quarter of the previous year was mainly attributable to payments for the acquisition of property, plant and equipment decreasing by ¥206,350 thousand to ¥9,165 thousand, while payments for the acquisition of investment securities, which did not occur in the same quarter of the previous year, amounted to ¥224,400 thousand, and proceeds of ¥150,900 thousand from the sale of shares in an affiliate recorded in the previous consolidated fiscal year were no longer generated.」
New payments of ¥224,400 thousand for the acquisition of investment securities were incurred, increasing actual exposure to investments and loans. - FY2021Decrease in the number of investees and affiliated companiesAnnual report
「As of 30 September 2021, the Company had invested in a total of 9 companies, primarily for the purpose of business alliances. … In addition, it had 5 unconsolidated subsidiaries and affiliates and held shares in those companies.」
The number of investees decreased from 11 in the previous fiscal year to 9, while the number of unconsolidated subsidiaries and affiliates decreased from 9 to 5. The disclosure continues to identify the possibility that the performance of investees and other recipients of investments and loans may affect the Group, and maintains its policy of continuing to make investments and loans. - FY2019RestatedAnnual report
「As of 30 September 2019, the Company and its consolidated subsidiaries had invested in a total of 11 companies, primarily for the purpose of business alliances. They had also invested in investment limited partnerships. In addition, they had 9 unconsolidated subsidiaries and affiliates and held shares in those companies. They had also provided loans to affiliated companies and others.」
The composition of investments and loans, including investments in 11 companies, investment limited partnerships, shares in unconsolidated subsidiaries and affiliates, and loans to affiliated companies, is reiterated. - FY2018ReframedAnnual report
「As of 30 September 2018, the Group had invested in a total of 11 companies, primarily for the purpose of business alliances. It had also invested in investment limited partnerships. In addition, it had 9 unconsolidated subsidiaries and affiliates and held shares in those companies. It had also provided loans to affiliated companies and others.」
The disclosure specifies the composition of investments and loans, including the number of investees, investment limited partnerships, shares in unconsolidated subsidiaries and affiliates, and loans to affiliated companies. - FY2016First statedAnnual report
「As of 30 September 2016, the Group had invested in a total of 8 companies, primarily for the purpose of business alliances. In addition, it had 10 unconsolidated subsidiaries and affiliates and held shares in those companies.」
Based on investments in a total of 8 companies and holdings in 10 unconsolidated subsidiaries and affiliates, the risks identified are deterioration in investee performance and failure to generate returns commensurate with investments and loans, or incurring losses.