Risk of Inability to Recover Investments in M&A and Capital and Business Alliances
First written in FY2018. 2 of 4 entries say "Materialised", first in 2026-05-13. Latest entry: FY2026.
Awa Paper & Technological Company moved to the "Worse" side of this theme in 2026, 5 years after 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".
- FY2026MaterialisedAnnual report
「Loss on valuation of investment in investment partnership 64,803」
A valuation loss of ¥64.803 million was recognized on an investment in an investment partnership, taking into account the substantial decline in its net asset value and the prospects for recovery. The risk of failing to recover the investment has materialized in the results. - 2026-05-13MaterialisedRevision of earnings forecasts
「As a result, because the fair value of our investment had declined materially, we recognized an investment partnership valuation loss of ¥64 million under extraordinary losses in the fourth quarter of the fiscal year.」
The fair value of the company’s investment in an investment partnership declined materially, and the risk relating to recovery of the investment materialized as an actual valuation loss of ¥64 million. - FY2019RestatedAnnual report
「However, if invested funds cannot be recovered or additional costs arise because of changes in market conditions or the failure to realize expected synergies, this could affect our group’s results.」
The company continues to disclose the risks of failure to recover investments and unrealized synergies related to M&A and capital and business alliances. - FY2018First statedAnnual report
「Our group is considering M&A and capital and business alliances to expand peripheral markets in existing businesses and enter new business areas. However, if invested funds cannot be recovered or additional costs arise because of changes in market conditions or the failure to realize expected synergies, this could affect our group’s results.」
While pursuing M&A and capital and business alliances, the company disclosed for the first time the risks of unrealized synergies, failure to recover investments and additional costs.