Koiniwa Co., Ltd.’s Excess of Liabilities over Assets
First written in FY2023. 2 of 6 entries say "Worsened", first in FY2024. Latest entry: 2026-07-01.
Bank of Innovation 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 45 companies on the "Worse" side.
28 other companies' latest entry also says "Mitigated".
- 2026-07-01MitigatedStatutory disclosure documentSuggests it is closing out
「As a result, the company disappearing in the absorption-type merger is expected to have its negative net worth eliminated.」
The company stated that Koiniwa’s negative net worth was expected to be eliminated through the waiver of a ¥1,700 million long-term loan to an affiliated company before the merger. Subsequent disclosure also showed that the company had assumed all of Koiniwa’s assets, liabilities and other rights and obligations. The canonical thread itself remains unchanged. - FY2026-H1Planned assumption of liabilities explicitly statedAnnual report
「The company will assume all assets, liabilities, rights and obligations of Koiniwa as of the effective date. The assets and liabilities of Koiniwa as of 30 September 2025 were as follows. Total assets ¥665 million Total liabilities ¥1,861 million」
In connection with the absorption-type merger of Koiniwa, the company explicitly stated that it plans to assume all of Koiniwa’s assets, liabilities and other obligations. It also disclosed total assets of ¥665 million and total liabilities of ¥1,861 million as of the end of September 2025. - FY2025WorsenedAnnual report
「The company is insolvent, with negative net assets as of the end of September 2025 of ¥1,196 million for Koiniwa Co., Ltd. and ¥246 million for 株式会社バンク・オブ・インキュベーション.」
Koiniwa’s negative net assets increased from ¥871 million in the previous fiscal year to ¥1,196 million, while those of 株式会社バンク・オブ・インキュベーション also reached ¥246 million. - FY2024WorsenedAnnual report
「The company is insolvent, with negative net assets as of the end of September 2024 of ¥871 million for Koiniwa Co., Ltd. and ¥91 million for 株式会社バンク・オブ・インキュベーション.」
Koiniwa Co., Ltd.’s negative net assets increased from ¥556 million in the previous fiscal year to ¥871 million. The company also newly disclosed negative net assets of ¥91 million for 株式会社バンク・オブ・インキュベーション. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes in the key risks, including the negative net worth of Koiniwa Co., Ltd. - FY2023First statedAnnual report
「The company is insolvent, with negative net assets of ¥556 million as of the end of September 2023.」
The company disclosed the negative net assets of its consolidated subsidiary Koiniwa Co., Ltd., amounting to ¥556 million as of the end of September 2023, as a new financial risk.