Business Investment Underperformance and Investee Management Risk
First written in FY2016. 16 of 25 entries say "Restated". Latest entry: FY2026.
Intage Holdings moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The entire carrying amount of the asset group, including the goodwill of 株式会社リサーチ・アンド・イノベーション, was recognized as an impairment loss.」
The risk of failing to achieve investment benefits materialized as a ¥1,439.612 million impairment loss on goodwill and other assets relating to Research and Innovation. In addition, a ¥334.586 million impairment loss was recognized on Business Intelligence-related assets associated with the consolidation and relocation of the Nagano office. - FY2026-H1MaterialisedAnnual report
「In the “Business Intelligence” segment, an impairment loss on fixed assets was recognized. The amount of the impairment loss recognized during the current interim consolidated accounting period was ¥334.586 million.」
The risk of failing to achieve the expected benefits of investments and business assets materialized as an actual accounting loss in the form of a ¥334.586 million impairment loss on fixed assets in the Business Intelligence segment. - FY2025MaterialisedAnnual report
「During the current consolidated fiscal year, impairment charges of ¥680.219 million were recognized on securities, all of which related to investment securities.」
The risk of failing to achieve the expected benefits of active business investments materialized as an actual accounting loss in the form of a ¥680.219 million valuation loss on investment securities. In addition, although Research and Innovation has continued to report negative consolidated operating income and there are indications of impairment, no impairment loss was recognized in the current fiscal year. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2024-Q1RestatedAnnual report
「There were no newly occurring business or other risks during the cumulative first quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2023-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2022RestatedAnnual report
「In addition, if the discovery of problems at investee companies is delayed and they cannot be corrected at an early stage, or if sufficient management resources, including personnel, cannot be allocated to investment activities, this may affect the Group's operating results and business development.」
The risks of failing to achieve investment benefits, delays in discovering problems at investee companies, and insufficient management resources for investment activities continue to be identified. - FY2021RestatedAnnual report
「However, if these activities have a negative impact or the expected investment benefits are not achieved, this may affect the Group's operating results and business development. In addition, if the discovery of problems at investee companies is delayed and they cannot be corrected at an early stage, or if sufficient management resources, including personnel, cannot be allocated to investment activities, this may affect the Group's operating results and business development.」
The risks of failing to achieve investment benefits, delays in discovering problems at investee companies, and insufficient management resources for investment activities continue to be identified. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2021-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2019-Q4RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2018-Q4RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2018RestatedAnnual report
「The Group is actively undertaking necessary investments to secure growth in existing businesses and develop new business areas. However, if these activities have a negative impact or the expected investment benefits are not achieved, this may affect the Group's operating results and business development.」
The risks of failing to achieve the expected benefits of active investments, delays in discovering problems at investee companies, and insufficient management resources continue to be identified. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes concerning the risks of failing to achieve the expected benefits of business investments and managing investee companies. It does not state that the goodwill impairment recognized in the previous fiscal year has been reversed. - FY2017MaterialisedAnnual report
「The Company recognized an impairment loss on goodwill relating to its consolidated subsidiary CONSUMER SEARCH HONG KONG LIMITED because the earnings initially anticipated in the business plan considered at the time of acquisition could no longer be expected.」
Expected earnings from the investee could no longer be anticipated, resulting in an impairment loss of ¥118.835 million on goodwill. The risk of failing to achieve investment benefits has materialized as an actual accounting loss. - FY2016First statedAnnual report
「The Group is actively undertaking necessary investments to secure growth in existing businesses and develop new business areas. However, if these activities have a negative impact or the expected investment benefits are not achieved, this may affect the Group's operating results and business development.」
While actively pursuing investments, the Group identifies failure to achieve the expected investment benefits and delays in discovering problems at investee companies as risks.