Komori
Miraial (4238) · RiskMitigated

Market Price Volatility and Impairment Risk for Investment Securities

First written in FY2021. 2 of 4 entries say "Mitigated", first in FY2025. Latest entry: FY2027-H1.

4entries
6years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2021MaterialisedFY2023MitigatedFY2025 – FY2027-H12021: 120212022: 020222023: 120232024: 020242025: 120252026: 12026
Same theme, other companies
Risk of Additional Impairment Losses Due to Deterioration in Market Conditions or Investee Financial ConditionA theme 123 companies write about · 125 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2019: 37 of 69 companies on the "Worse" side.

24 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 123 companies compared. The sentences above are computed from all 123.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1MitigatedAnnual report

    「The gain on sales of investment securities resulted from the partial sale of cross-held shares.」

    The partial sale of cross-shareholdings reduced the Company's exposure to investment securities and advanced its response to market-price fluctuation and impairment risks.
  2. FY2025MitigatedAnnual report

    「Equity securities for which the amount recognized on the consolidated balance sheet does not exceed acquisition cost　¥72.855 million　¥102.005 million　△¥29.150 million」

    Investment securities below acquisition cost amounted to ¥72.855 million, with a valuation difference of △¥29.150 million. The loss narrowed from the previous fiscal year's valuation difference of △¥30.977 million, and no impairment was recognized during the fiscal year.
  3. FY2023MaterialisedAnnual report

    「Equity securities for which the amount recognized on the consolidated balance sheet does not exceed acquisition cost　¥138.704 million　¥186.910 million　△¥48.205 million」

    Regarding market-price fluctuation risk, investment securities below acquisition cost amounted to ¥138.704 million at the end of the fiscal year, with a valuation difference of △¥48.205 million. Although no impairment was recognized, the impact of market-price fluctuations was quantified.
  4. FY2021First statedAnnual report

    「Investment securities consist mainly of shares in companies with which the Company has business relationships and are exposed to the risk of fluctuations in market prices. The Company determines their fair value on a quarterly basis in relation to this risk.」

    The possibility that investment securities may require impairment due to market-price fluctuations and deterioration in the performance of investee companies was explicitly identified as a risk. During the fiscal year, the Company actually recognized a ¥87.495 million loss on valuation of investment securities.
Moved together

"Rebuilding the Position of the Molding Machine Business and Developing New Customers" moved the same way as this thread, in the same document, in 2 of its 4 moves.

2222★1234
  1. ★This thread
  2. 1Rebuilding the Position of the Molding Machine Business and Developing New Customers2×
  3. 2Diversification and Expansion of Production Facilities and Expansion into Small Precision Molding2×
  4. 3Policy of Reducing Cross-Shareholdings2×
  5. 4Risk that R&D and capital investment fail to result in commercialization2×

★ 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
No upcoming earnings preview for Miraial yet.
News
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Market Price Volatility and Impairment Risk for Investment Securities | Miraial Co.,Ltd. (4238) | Komori