Market Price Volatility and Investee Performance Risk Related to Strategic Shareholdings
First written in FY2020. 12 of 20 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2026.
Commerce One Holdings moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 37 of 69 companies on the "Worse" side.
40 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Taking into account synergies in operating the business, the Group held shares in Wistron Information Technology & Services Corp. (hereinafter, “Wistron”), 株式会社ジグザグ and Kenwise Corporation Limited with carrying values as of 31 March 2026 of ¥402.494 million (acquisition cost: ¥121.291 million), ¥4.709 million (acquisition cost: ¥9.996 million) and ¥0 (acquisition cost: ¥26.312 million), respectively.」
The sale of shares held and fair value movements continued, with Wistron shares held at 748,353 and a carrying value of ¥402.494 million. The Company also recorded proceeds of ¥122.942 million from the sale of investment securities and a gain on sale of ¥90.526 million. - 2026-05-14MaterialisedRevision of earnings forecasts
「Net income attributable to owners of the parent fell short of the forecast because of impairment losses on goodwill at a subsidiary and shares in an investee.」
Impairment of shares in an investee was cited as a reason for net income falling short of forecast. The investee was not identified in this disclosure. - FY2026-H1Increase in the fair value of Taiwanese shares heldAnnual report
「This was mainly due to an ¥80.440 million increase in goodwill resulting from the acquisition of 株式会社PINES and a ¥124.397 million increase in investment securities resulting from increases in the fair value of Taiwanese shares held and other factors.」
Investment securities increased by ¥124.397 million due to increases in the fair value of Taiwanese shares held and other factors. - FY2025MaterialisedAnnual report
「This was mainly due to a ¥559.164 million decrease in investment securities resulting from their sale and declines in fair value.」
Investment securities decreased by ¥559.164 million due to their sale and declines in fair value, and the impact of fair value risk was reflected in actual results for the current fiscal year. - FY2025-H1MaterialisedAnnual report
「This was mainly due to a ¥261.086 million decrease in investments and other assets resulting from the sale of investment securities and declines in their fair value.」
Investments and other assets decreased by ¥261.086 million due to the sale of investment securities and declines in their fair value, and the impact of fair value movements was reflected in actual results for the current interim consolidated accounting period. - FY2024Continued increases in shares held and carrying valueAnnual report
「Wistron is listed on the Taiwan Stock Exchange, and changes in its share price result in fluctuations in the amount recognized as assets and in net assets. As of 31 March 2024, the Company held 1,045,353 Wistron shares and had received ¥23.068 million in dividends. However, if Wistron were to pay no dividend in the future due to a deterioration in its earnings or other factors, this could affect the Company's earnings.」
The number of Wistron shares held increased from 1,027,538 to 1,045,353, and their carrying value increased from ¥526.572 million to ¥715.993 million. The potential effects of fair value movements, investee performance, dividends and geopolitical risks continue to be disclosed. - FY2024-Q3Continued increases in investment securities holdings and fair valueAnnual report
「Property, plant and equipment and other assets amounted to ¥1,281.884 million, an increase of ¥82.669 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥110.383 million increase in investments and other assets resulting from additional purchases of investment securities and increases in their fair value.」
Investments and other assets increased by ¥110.383 million due to additional purchases of investment securities and increases in their fair value. The impact of fair value movements continues to be reflected in the actual asset balance. - FY2024-Q2Increase in assets held and higher valuationsAnnual report
「Property, plant and equipment and other fixed assets totaled ¥1,249.070 million, an increase of ¥49.855 million from the end of the previous fiscal year. This was mainly attributable to a ¥75.280 million increase in investments and other assets due to additional purchases of investment securities and a rise in their market value.」
Investments and other assets increased by ¥75.280 million due to additional purchases of investment securities and a rise in their market value. - FY2024-Q1Increase in valuation differencesAnnual report
「Valuation difference on other securities △ ¥58.087 million ¥6.896 million」
The valuation difference on other securities was ¥6.896 million during the first quarter, with the valuation difference on investment securities turning from a year-on-year decrease to an increase. - FY2023MaterialisedAnnual report
「Wistron Information Technology & Services Corporation 1,027,538 1,262,538 526,572 521,046」
The number of Wistron shares held decreased from 1,262,538 to 1,027,538, and their carrying amount was ¥526.572 million. During the fiscal year, the Company also recorded investment securities sales of ¥105.765 million and a gain on sale of ¥71.526 million. - FY2023-Q3MaterialisedAnnual report
「Property, plant and equipment and other fixed assets totaled ¥1,076.916 million, a decrease of ¥25.742 million from the end of the previous fiscal year. This was mainly attributable to a ¥59.862 million decrease in investments and other assets due to the sale and decline in the market value of investment securities.」
Investments and other assets decreased by ¥59.862 million due to the sale and decline in the market value of investment securities, and the impact of market-value fluctuations continued to occur. - FY2023-Q2MaterialisedAnnual report
「This was mainly attributable to a ¥49.981 million decrease in investments and other assets due to the sale and decline in the market value of investment securities.」
The Company disclosed that investments and other assets decreased by ¥49.981 million due to the sale and decline in the market value of investment securities, and that the impact of market-value fluctuation risk actually occurred during the second quarter as well. - FY2023-Q1MaterialisedAnnual report
「This was mainly attributable to a ¥67.842 million decrease in investments and other assets due to the decline in the market value of investment securities.」
The Company disclosed that the decline in the market value of investment securities also occurred during the first quarter, reducing investments and other assets by ¥67.842 million. - FY2022MaterialisedAnnual report
「This was mainly attributable to a ¥41.530 million decrease in investment securities due to sales and a decline in market value, partly offset by a ¥143.522 million increase in software from additional development of new functions and other features at 株式会社フューチャーショップ.」
Investment securities decreased by ¥41.530 million due to sales and a decline in market value, and the impact of market-value fluctuations actually occurred during the fiscal year as well. - FY2022-Q3MaterialisedAnnual report
「This was mainly attributable to a ¥102.489 million decrease in investments and other assets due to the sale and decline in the market value of investment securities.」
The Company disclosed that the ¥102.489 million decrease in investments and other assets due to the sale and decline in the market value of investment securities actually occurred. - FY2022-Q2MaterialisedAnnual report
「This was mainly attributable to a ¥106.080 million decrease in investments and other assets due to the sale and decline in the market value of investment securities.」
The Company disclosed that investments and other assets decreased by ¥106.080 million due to the sale and decline in the market value of investment securities. The impact of market-value fluctuations actually occurred during the quarter as well. - FY2022-Q1MaterialisedAnnual report
「This was mainly attributable to a ¥57.810 million decrease in investments and other assets due to the decline in the market value of investment securities.」
The Company disclosed that the decline in the market value of investment securities actually occurred, reducing investments and other assets by ¥57.810 million. - FY2021Significant increase in market valuation and decrease in shares heldAnnual report
「Wistron is listed on the Taiwan Stock Exchange, and fluctuations in its share price cause changes in the amount recognized as assets and in net assets. As of the end of March 2021, the Company held 1,342,538 Wistron shares and received ¥16.619 million in dividends.」
The Company held 1,342,538 Wistron shares, with their carrying amount increasing to ¥562.577 million. It continued to disclose the possibility of an impact from a share-price decline, no dividend payments or deterioration in the investee's performance. - FY2021-Q3Increase in valuation from a rise in the market value of investment securitiesAnnual report
「Property, plant and equipment and other fixed assets totaled ¥925.351 million, an increase of ¥125.277 million from the end of the previous fiscal year. This was mainly attributable to a ¥96.825 million increase in investments and other assets due to the rise in the market value of investment securities.」
The Company stated that investments and other assets increased by ¥96.825 million due to the rise in the market value of investment securities, indicating a change in the valuation of assets held in connection with market-value fluctuation risk. - FY2020First statedAnnual report
「If the share price or net asset value declines significantly due to stock market conditions on the Taiwan Stock Exchange or the performance trends of investees, this could affect the Group's operating results.」
The Company held 1,432,538 Wistron shares with a carrying amount of ¥339.339 million, and the valuation difference on investment securities decreased by ¥189.271 million during the fiscal year.