Commitment to Invest in the JAPAN ENERGY Fund and Investment Risks
First written in FY2020. 7 of 12 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2026.
Enechange moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Company also recognized ¥728.410 million in equity-method investment losses as non-operating expenses, ¥23.662 million in insurance proceeds as extraordinary income, and ¥17.743 million in gains on the sale of investment securities as extraordinary income.」
Investment-related losses from funds and other vehicles amounted to ¥728.410 million, up from ¥581.538 million in the previous interim period on a full-year basis. Investment securities totaled ¥742.998 million, of which fund investments accounted for ¥721.498 million. - FY2026-H1MaterialisedAnnual report
「The Company also recognized ¥581.538 million in equity-method investment losses as non-operating expenses, ¥16.992 million in gains on the sale of investment securities as extraordinary income, and ¥23.662 million in insurance proceeds as extraordinary income.」
In relation to investments in funds and other vehicles, the Company recognized ¥581.538 million in equity-method investment losses, while also recognizing ¥16.992 million in gains on the sale of investment securities. - FY2025Updates to Investment Gains and Investment BalancesAnnual report
「In addition, the Company has completed its investment in Japan Energy Capital 1 L.P., and future fees relating to the operation of Japan Energy Capital 1 L.P. will be linked to its investment balance.」
The completion of the investment in Fund 1 was explicitly stated, with Fund 1 fees linked to the investment balance and Fund 2 fees linked to the investment commitment. The fiscal year included ¥390.918 million in equity-method investment losses. - FY2023WorsenedAnnual report
「As of the end of December 2023, the Company’s investment commitment was up to US$5 million, of which US$3.4 million had already been invested.」
For Japan Energy Capital 2 L.P., the amount already invested increased from US$2.5 million at the end of 2022 to US$3.4 million. Investment in Japan Energy Capital 1 L.P. was US$8.9 million, with recoveries of US$4.0 million. - FY2022WorsenedAnnual report
「The fund uses a capital call structure. As of the end of December 2022, the Company’s investment was US$8.9 million and its recoveries were US$3.7 million. …As of the end of December 2022, the Company’s investment commitment to Japan Energy Capital 2 L.P. was up to US$5 million, of which US$2.5 million had already been invested.」
Fund 1 had investments of US$8.9 million and recoveries of US$3.7 million, while Fund 2 had a maximum commitment of US$5 million and US$2.5 million already invested, updating the investment exposure. - FY2022-Q2WorsenedAnnual report
「Beginning in the consolidated accounting period of the second quarter, Japan Energy Capital 2 L.P. was included within the scope of the equity method following the Company’s new investment.」
Following the new investment, Japan Energy Capital 2 L.P. became an equity-method investee, and the investment exposure to the decarbonization technology fund moved into the actual investment stage. - FY2021WorsenedAnnual report
「As of the end of December 2021, the Company’s investment commitment was up to US$11 million, comprising US$7.0 million already invested and US$3.4 million recovered. For Japan Energy Capital 2 L.P., the Company’s investment commitment was up to US$5 million as of the end of December 2021, with no amount invested to date.」
The maximum commitment was specified as US$11 million for Japan Energy Capital 1 L.P. and US$5 million for Fund 2, disclosing the Group’s fund-related funding exposure. - FY2021-Q3WorsenedAnnual report
「In addition, drawing on its track record with Japan Energy Capital 1 L.P., the Company established Japan Energy Capital 2 L.P., a new fund specializing in investments in decarbonization ventures, on 30 September 2021, and is continuing to solicit LP investors, with a maximum fund size of US$50 million. Accordingly, if the investment commitments to the Fund 2 do not increase as planned, this may affect the Group’s operating results and financial position.」
In addition to the existing JAPAN ENERGY Fund, the Company established Fund 2 and disclosed new fund-related exposure while soliciting investment commitments of up to US$50 million. - FY2021-Q2Recognition of Investment GainsAnnual report
「In addition, the Group recognized ¥9.960 million in equity-method investment gains as non-operating income. This relates to its investment in Japan Energy Capital 1 L.P., an equity-method affiliate.」
The Group recognized ¥9.960 million in equity-method investment gains as non-operating income in connection with its investment in Japan Energy Capital 1 L.P. - FY2020First statedAnnual report
「Under this fund, the Group is expected to actively contribute to improving the operating efficiency of the power plants in which the fund invests by using its power data analysis technology. The Group has committed to contribute the amount required to operate this type of business in Japan as the exclusive service provider entrusted with these operations.」
As of the end of December 2020, the Group disclosed risks relating to its investment commitment of up to US$5 million, including delays in investment execution, lower power generation, disasters, and geopolitical risks.