Underperformance of Investment, Acquisition, and Partnership Businesses and Impairment Risk
First written in FY2019. 4 of 7 entries say "Worsened", first in FY2020. Latest entry: FY2024.
Remixpoint moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
28 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「Although the Group has withdrawn from the financial services business, it continues to hold investments in crypto-asset-related businesses made by that business, investments in crypto-assets and other business investments. If the prices of these investments decline due to market changes or other factors, or if they fail to generate the expected cash flows, they may adversely affect the Group’s operating results and financial position. “Valuation loss on investment securities ¥66 million”」
The Group continued to hold investments after withdrawing from the financial services business, and the recognition of a ¥66 million valuation loss on investment securities shows that the risk of declining investment values has materialised as an actual loss. - FY2021-Q3WorsenedAnnual report
「Valuation loss on investments ¥18 million」
Regarding the risk of declining value among investees and partners, the company also recognised a ¥18 million valuation loss on investments during the first 3 quarters of the current fiscal year. - FY2021-Q2WorsenedAnnual report
「Valuation loss on investments ¥16 million」
Regarding the risk of declining value among investees and partners, the company also recognised a ¥16 million valuation loss on investments during the first 2 quarters of the current fiscal year. - FY2021-Q1WorsenedAnnual report
「A valuation loss of ¥9 million on investments was recognised as an extraordinary loss.」
Regarding the risks of underperformance and declining value among investees and partners, the company recognised a ¥9 million valuation loss on investments in the first quarter of the current fiscal year as well. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, the company recognised impairment losses of ¥136 million on unlisted shares and ¥162 million on investments.」
Regarding the risks of underperformance and declining value among investees and partners, the company recognised impairment losses of ¥136 million on unlisted shares and ¥162 million on investments. - FY2020-Q2MaterialisedAnnual report
「Valuation loss on investments in affiliates ¥62 million」
Regarding the risk of valuation losses resulting from underperformance or a decline in the value of investee and partner businesses, the company actually recognised a valuation loss of ¥62 million on investments in affiliates. - FY2019First statedAnnual report
「Accordingly, substantial costs may be incurred in connection with these investments, business acquisitions and business integrations. In addition, if joint ventures with third parties, partnership businesses or businesses in which investments have been made perform significantly below expectations, or if such underperformance continues for a certain period or longer, additional costs may arise and impairment or valuation losses on investment securities may be recognised.」
The company separately disclosed the risks of underperformance by investee businesses, additional costs, and impairment or valuation losses associated with advancing new business development, partnerships and investments.