Poor performance by investee companies and inability to recover investments
First written in FY2019. 3 of 5 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2022.
Hennge K.K. moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「If an investee company's business does not progress as planned, invested or loaned funds cannot be recovered, or an event triggering impairment occurs, this may affect the business and performance of our group.」
The risks of recovering investments and impairment associated with investments, equity investments and M&A continue to be disclosed. No valuation loss on investment securities was recorded in FY2022. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses were recognized on securities of ¥27.2 million (other securities for which it is considered extremely difficult to determine fair value).」
An impairment loss of ¥27.2 million was recognized on securities in connection with the risk of poor performance at investee companies and inability to recover investments. - FY2020MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses were recognized on securities of ¥30 million (other securities for which it is considered extremely difficult to determine fair value).」
An impairment loss of ¥30 million was recognized on securities in connection with the risks previously disclosed, including poor performance at investee companies, inability to recover investments and potential impairment. - FY2020-Q2MaterialisedAnnual report
「Loss on valuation of investment securities 30,000」
In connection with the previously disclosed risks of poor performance at investee companies, inability to recover investments and possible impairment, the company recognized a ¥30 million loss on valuation of investment securities as an extraordinary loss. - FY2019First statedAnnual report
「If an investee company's business does not progress as planned, the Group is unable to recover its investments or loans, or an event subject to impairment occurs, this may affect the Group's business and operating results.」
The company anticipates investments in and capital contributions to IT-related companies, the establishment of subsidiaries, joint ventures, alliances and M&A, and states that it will conduct careful investment evaluations.