Negative Net Worth at Consolidated Subsidiaries in China and Thailand
First written in FY2024. 4 of 5 entries say "Worsened", first in FY2025. Latest entry: FY2027-H1.
AEON Fantasy moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 18 of 46 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Total assets ¥1,403 million Total liabilities ¥20,694 million」
As of 31 August 2026, the date of the resolution to dissolve and liquidate the company, the Chinese subsidiary had total assets of ¥1.403 billion and total liabilities of ¥20.694 billion, indicating a substantial negative net worth. - FY2026WorsenedAnnual report
「永旺幻想(中国)児童遊楽有限公司 and AEON Fantasy (Thailand) Co., Ltd. are companies with negative net worth. As of the end of February 2026, the negative net worth amounted to ¥18,003,728 thousand for 永旺幻想(中国)児童遊楽有限公司 and ¥1,803,578 thousand for AEON Fantasy (Thailand) Co., Ltd.」
The Chinese subsidiary’s negative net worth was ¥18.03 billion and the Thai subsidiary’s was ¥1.804 billion, both higher than the previous fiscal year’s ¥15.701 billion and ¥1.343 billion, respectively. - 2026-04-09WorsenedOccurring Fact
「Following a decline in the performance of our consolidated subsidiary 永旺幻想 (中国) 児童遊楽有限公司, we determined that an allowance for doubtful accounts against loans to the affiliate was necessary and recorded an extraordinary loss of ¥3,096,085 thousand in the non-consolidated financial statements. This allowance is eliminated in the consolidated financial statements and therefore has no impact on consolidated results. In addition, following declines in the performance of 永旺幻想 (中国) 児童遊楽有限公司 and AEON Fantasy (Thailand) Co.,Ltd., we recorded an extraordinary loss of ¥729,267 thousand for an allowance for losses on investments in affiliates in the non-consolidated financial statements.」
The Company recorded an allowance for doubtful accounts and a valuation loss on investments due to the weaker performance of the Chinese subsidiary, and an allowance for losses on investments in affiliates due to weaker performance at the Chinese and Thai subsidiaries, in its non-consolidated financial statements. Both are eliminated on consolidation; no update to the amount of negative net worth or additional impact on consolidated results was disclosed. The factors contributing to the subsidiaries’ deteriorating financial condition became more specific. - FY2025WorsenedAnnual report
「永旺幻想(中国)児童遊楽有限公司 and AEON Fantasy (Thailand) Co., Ltd. are companies with negative net worth. As of the end of February 2025, the negative net worth amounted to ¥15,700,548 thousand for 永旺幻想(中国)児童遊楽有限公司 and ¥1,343,310 thousand for AEON Fantasy (Thailand) Co., Ltd.」
The Chinese subsidiary’s negative net worth was ¥15.7 billion and the Thai subsidiary’s was ¥1.343 billion, both higher than the previous fiscal year’s ¥11.13 billion and ¥1.185 billion, respectively. - FY2024MaterialisedAnnual report
「永旺幻想(中国)児童遊楽有限公司 and AEON Fantasy (Thailand) Co., Ltd. are companies with negative net worth. As of the end of February 2024, the negative net worth amounted to ¥11,130,423 thousand for 永旺幻想(中国)児童遊楽有限公司 and ¥1,184,896 thousand for AEON Fantasy (Thailand) Co., Ltd.」
The Company disclosed that its Chinese and Thai subsidiaries had negative net worth and disclosed the amounts of negative net worth as of the end of February 2024.