Komori
Enechange (4169) · FactMitigated

SMAP ENERGY LIMITED’s Negative Net Worth

First written in FY2020. 1 of 5 entries say "Worsened", first in FY2023. Latest entry: FY2025.

5entries
5years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseOtherFY2020 – FY2022WorsenedFY20232021: 120212022: 120222023: 120232024: 120242025: 12025
Same theme, other companies
Insolvency at a SubsidiaryA theme 138 companies write about · 150 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2020: 18 of 46 companies on the "Worse" side.

28 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 138 companies compared. The sentences above are computed from all 138.
Full recordFilings, disclosures and news, newest first
  1. FY2025MitigatedAnnual report

    「As of the end of the fiscal year ending March 2025, net assets totaled ¥4,551.681 million, eliminating the negative net worth,」

    The negative net worth of ¥1,479.22 million at the previous fiscal year-end was eliminated through the conversion of the EV charging business into a joint venture and a private placement of shares, among other measures.
  2. FY2023WorsenedAnnual report

    「The company had negative net worth, amounting to ¥825.480 million as of the end of December 2023.」

    ENECHANGE EVラボ株式会社's negative net worth increased substantially from ¥22.789 million in the previous disclosure to ¥825.480 million.
  3. FY2022Reduction in negative net worthAnnual report

    「The company had negative net worth, amounting to ¥22.789 million as of the end of December 2022.」

    The company disclosed ENECHANGE EVラボ株式会社's negative net worth as ¥22.789 million, down from the ¥36.092 million disclosed previously for SMAP ENERGY LIMITED.
  4. FY2021Reduction in negative net worthAnnual report

    「The company had negative net worth, amounting to ¥36.092 million as of the end of December 2021.」

    SMAP ENERGY LIMITED's negative net worth decreased from ¥45.790 million to ¥36.092 million.
  5. FY2020First statedAnnual report

    「The company had negative net worth, amounting to ¥45.790 million as of the end of December 2020.」

    The company disclosed the negative net worth of its consolidated subsidiary, SMAP ENERGY LIMITED.
Moved together

"Strengthening the Organizational Structure and Internal Control Framework" moved the same way as this thread, in the same document, in 2 of its 5 moves.

222★123
  1. ★This thread
  2. 1Strengthening the Organizational Structure and Internal Control Framework2×
  3. 2Internal control and governance deficiencies concerning the accounting treatment of the EV charging SPC2×
  4. 3Negative Net Assets and Material Uncertainty Regarding Going Concern2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Enechange's next results are scheduled for 2026-11-06. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
SMAP ENERGY LIMITED’s Negative Net Worth | ENECHANGE Ltd. (4169) | Komori