Risk that Subsidiaries, Investees and Funds Will Fail to Meet Their Plans
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2020-Q3.
GMO Payment Gateway moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
17 other companies' latest entry also says "Materialised".
- FY2020-Q3MaterialisedAnnual report
「Execution of the transfer of these shares and waiver of this receivable 18 May 2020 Amount of receivable to be waived Approximately ¥1 billion」
For Macro Kiosk Berhad, the disclosed investee risk of underperformance, excess liabilities and the possibility of additional capital injections materialized as the transfer of all shares and the waiver of approximately ¥1 billion in receivables. - FY2020-Q2MaterialisedAnnual report
「It is difficult to formulate a medium-term plan capable of achieving the 25% operating profit growth that is one of our Group's management targets, and there is no prospect of improving cash flow. The company remains in a state of excess liabilities with no clear prospect of improvement, and the possibility that additional capital injections will be required cannot be ruled out.」
Regarding Macro Kiosk Berhad, the company explained that achieving the original medium-term plan had become difficult, there was no prospect of improving cash flow, and the company remained in a state of excess liabilities. The risk of underperformance by the investee and subsidiary ultimately led to the decision to sell the business and waive the receivable. - FY2019RestatedAnnual report
「When selecting an investee, we conduct detailed due diligence, including an examination of the company's financial condition, and management regularly monitors investees to avoid risks as far as possible. However, if future investees, subsidiaries or funds fail to progress as planned and their financial condition deteriorates, this may affect our Group's operating results, financial position and business plans.」
The company continues to address the risk of underperformance by investees, subsidiaries and funds through due diligence and regular monitoring. - FY2018RestatedAnnual report
「When selecting an investee, we conduct detailed due diligence, including an examination of the company's financial condition, and management regularly monitors investees to avoid risks as far as possible. However, if future investees, subsidiaries or funds fail to progress as planned and their financial condition deteriorates, this may affect our Group's operating results, financial position and business plans.」
The company continues to address the risk of underperformance by investees, subsidiaries and funds through due diligence and regular monitoring. - FY2016First statedAnnual report
「If future investees, subsidiaries or funds fail to progress as planned and their financial condition deteriorates, this may affect our Group's operating results, financial position and business plans.」
The company identifies the risk that underperformance or deterioration at business investments, subsidiaries and investment partnerships may affect the Group.