Impairment risk associated with investments in Israeli security startups
First written in FY2021. 2 of 4 entries say "Materialised", first in FY2022. Latest entry: FY2025.
Asgent moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 13 of 21 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company also invests in security-related startups overseas, including in Israel, as part of its investment development business. If impairment becomes necessary because the future earnings capacity of a covered company declines, this could affect the company’s financial position, operating results and other aspects of its performance.」
The company continues to disclose the impairment risk associated with overseas investments in security startups due to a decline in the investees’ earnings capacity. - FY2024MaterialisedAnnual report
「During the fiscal year, the company recognized a valuation loss of ¥122.781 million on investees whose actual performance fell substantially below their business plans and for which the recoverability of their underlying value, including excess earning power, could not be supported.」
The company recognized an ¥122.781 million valuation loss on investment securities for investees whose business performance fell substantially below plan and whose underlying value was judged unlikely to recover. - FY2022MaterialisedAnnual report
「During the fiscal year, the company recognized an impairment loss of ¥4.157 million on unlisted shares without a market price classified as other securities.」
The filing states that the impairment risk associated with investments in Israeli security-related startups and other companies materialized in the form of an impairment loss of ¥4.157 million on unlisted shares following a decline in future earnings capacity. - FY2021First statedAnnual report
「If impairment becomes necessary because the future earnings capacity of a covered company has declined, this could affect the company’s financial position, operating results and other aspects of its performance.」
For investments in Israeli security-related startups, the company has for the first time explicitly identified the impairment risk for investment securities arising from a decline in the investees’ future earnings capacity as a standalone business risk.