Komori
Intertrade (3747) · FactUpdate to the composition and amounts of companies in a state of insolvencyLatest Revisions to earnings forecasts (2026-11-12): "Reframed"

All 4 consolidated subsidiaries in a state of insolvency

First written in FY2017. 4 of 13 entries say "Reframed", first in FY2018-Q2. Latest entry: 2026-11-12.

13entries
10years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseReframedFY2018-Q2 – FY2018OtherFY2019 – FY20252017: 12018: 320182019: 120192020: 120202021: 120212022: 120222023: 120232024: 120242025: 120252026: 22026
Same theme, other companies
Subsidiary InsolvencyA theme 164 companies write about · 179 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2020: 21 of 53 companies on the "Worse" side.

5 other companies' latest entry also says "Reframed".

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 164 companies compared. The sentences above are computed from all 164.
Full recordFilings, disclosures and news, newest first
  1. FY2025Update to the composition and amounts of companies in a state of insolvencyAnnual report

    「株式会社ビーエス・ジェイ had ¥10 million and 株式会社インタートレードヘルスケア had ¥345 million.」

    There were 2 companies with negative net worth, and the amounts as of the end of September 2025 were disclosed as ¥10 million for ビーエス・ジェイ and ¥345 million for インタートレードヘルスケア. The amount of negative net worth at インタートレードヘルスケア increased from ¥316 million in the previous fiscal year.
  2. FY2024Increase in negative net worthAnnual report

    「The company had negative net worth. The amount of negative net worth as of the end of September 2024 was ¥316 million.」

    The amount of negative net worth at the consolidated subsidiary インタートレードヘルスケア increased from ¥292 million in the previous fiscal year to ¥316 million.
  3. FY2023Increase in negative net worthAnnual report

    「The company had negative net worth. The amount of negative net worth as of the end of September 2023 was ¥292 million.」

    The amount of negative net worth at the consolidated subsidiary インタートレードヘルスケア increased from ¥287 million in the previous fiscal year to ¥292 million.
  4. FY2022Increase in negative net worthAnnual report

    「The company had negative net worth. The amount of negative net worth as of the end of September 2022 was ¥287 million.」

    The amount of negative net worth at the consolidated subsidiary インタートレードヘルスケア increased from ¥280 million in the previous fiscal year to ¥287 million.
  5. FY2021Increase in negative net worthAnnual report

    「The company had negative net worth. The amount of negative net worth as of the end of September 2021 was ¥280 million.」

    The amount of negative net worth at the consolidated subsidiary increased from the ¥248 million disclosed in the previous fiscal year to ¥280 million.
  6. FY2020Increase in negative net worthAnnual report

    「The company had negative net worth. The amount of negative net worth as of the end of September 2020 was ¥248 million.」

    The amount of negative net worth at the consolidated subsidiary increased from the ¥184 million disclosed for インタートレードヘルスケア in the previous fiscal year to ¥248 million.
  7. FY2019Change in Excess LiabilitiesAnnual report

    「The companies had negative net worth. The amount of negative net worth as of the end of September 2019 was ¥45 million for 株式会社ビーエス・ジェイ and ¥215 million for 株式会社インタートレードヘルスケア.」

    The amount of negative net worth at the 2 remaining consolidated subsidiaries was updated and disclosed as ¥45 million for ビーエス・ジェイ and ¥215 million for インタートレードヘルスケア.
  8. FY2018ReframedAnnual report

    「The companies had negative net worth. The amount of negative net worth as of the end of September 2018 was ¥75 million for 株式会社ビーエス・ジェイ and ¥184 million for 株式会社インタートレードヘルスケア.」

    The number of consolidated subsidiaries changed from 4 to 2, and the amount of negative net worth was disclosed for the remaining 株式会社ビーエス・ジェイ and 株式会社インタートレードヘルスケア.
  9. FY2018-Q3ReframedAnnual report

    「At a meeting of the Board of Directors held on 5 July 2018, the Company resolved to transfer all of its shares in 株式会社トレーデクス, a consolidated subsidiary, and transferred all of the shares on 31 July 2018.」

    It was indicated that the number of consolidated subsidiaries would decrease from 3 to 2 following the sale of トレーデクス, which operates an investment education business.
  10. FY2018-Q2ReframedAnnual report

    「Our corporate group consists of INTERTRADE Co.,Ltd. and 3 consolidated subsidiaries,」

    The composition changed from 4 consolidated subsidiaries at the time of the previous report to 3. This was due to the merger of 健康プラザパル and らぼぉぐ, and this filing contains no new disclosure regarding the amount of negative net worth at each company.
  11. FY2017First statedAnnual report

    「The companies are in a state of insolvency. As of the end of September 2017, the amounts of negative net assets were ¥56 million for 株式会社らぼぉぐ, ¥6 million for 株式会社トレーデクス, ¥101 million for 株式会社ビーエス・ジェイ, and ¥98 million for 株式会社健康プラザパル.」

    All 4 consolidated subsidiaries were in a state of insolvency, and the amount of negative net assets as of the end of September 2017 was disclosed for each company.
Moved together

"Business Composition by 4 Business Segments" moved the same way as this thread, in the same document, in 3 of its 13 moves.

3222★1234
  1. ★This thread
  2. 1Business Composition by 4 Business Segments3×
  3. 2Stable growth and transition to a renewed growth phase through a better-balanced business portfolio2×
  4. 3Revenue concentration in the Financial Solutions Business and among customers engaged in dealing operations2×
  5. 4Decline in financial solutions revenue due to the cancellation of a relatively large customer2×

★ 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
Intertrade's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-11-12: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.