Recovery and impairment risks related to equity investments, capital expenditures, alliances and M&A
First written in FY2018. 4 of 5 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Ubicom Holdings 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: 12 of 30 companies on the "Worse" side.
27 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the fiscal year ended March 2022, the company recognized an impairment loss of ¥49.919 million on unlisted shares classified as other securities.」
Regarding impairment risks related to investments and equity investments, an impairment loss of ¥49.919 million on unlisted shares actually arose. - FY2023-Q3MaterialisedAnnual report
「Impairment loss on investment securities - 106,332」
During the nine-month period ended December 2021, the company recognized an impairment loss on investment securities of ¥106.332 million as an extraordinary loss, meaning that the risk of impairment related to investments and equity investments materialized. - FY2022MaterialisedAnnual report
「During the fiscal year ended March 2021, the company recognized an impairment loss of ¥4.034 million on unlisted shares classified as other securities.」
Regarding the risk of impairment in connection with investments and equity investments, an impairment loss of ¥4.034 million actually arose as the real value of unlisted shares declined. - FY2020MaterialisedAnnual report
「Meanwhile, because the real value of investment securities held by the company had fallen significantly below their acquisition cost, the company recognized an impairment loss on investment securities of ¥113.498 million as an extraordinary loss.」
The real value of investment securities fell significantly, and the company recognized an impairment loss of ¥113.498 million. - FY2018First statedAnnual report
「The company will make decisions on investments and financing after carefully considering investment risks and comprehensively taking into account the group's financial position and other factors. However, if planned investments or financing cannot be recovered, or an event occurs that could result in an impairment loss, this could affect the group's business performance and financial position.」
Explicitly identifies the risks of failure to recover investments and impairment losses in connection with potential future equity investments, capital expenditures, alliances, M&A and other transactions.