Upfront Investment in Big Data Analytics Tool Development and Equity-Method Losses
First written in FY2017-Q1. 5 of 13 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2021.
Creek & River moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2023: 19 of 68 companies on the "Worse" side.
31 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Net income improved due to a reduction in tax expense following the transfer of the shares of consolidated subsidiary Economic Index Co., Ltd. and its removal from the scope of consolidation.」
With regard to the previous initiatives involving the monetization of data analytics services and equity-method losses, the policy of transferring all shares held to the founder and removing the company from the scope of consolidation was implemented on 5 March 2021. - FY2020-Q2RestatedAnnual report
「Economic Index Co., Ltd., a consolidated subsidiary operating a data analytics services business, is working to monetize data analytics services and consulting, in which it proposes improvements to customers using its proprietary analytical methods, and provides solutions based on its data analytics results.」
The Company has moved on from describing upfront investment involving equity-method investment losses and continues to monetize data analytics services and consulting and provide solutions as a consolidated subsidiary. - FY2019MitigatedAnnual report
「Economic Index Co., Ltd., a consolidated subsidiary operating a data analytics services business, is working to monetize data analytics services and consulting, in which it proposes improvements to customers using its proprietary analytical methods, and provides solutions based on its data analytics results.」
The explanation has shifted from upfront investment involving equity-method investment losses to monetizing data analytics services and consulting and providing solutions as a consolidated subsidiary. - FY2019-Q2RestatedAnnual report
「Economic Index Co., Ltd., a consolidated subsidiary operating a data analytics services business, analyzes proprietary latent keywords and topics and proposes improvements through its “Strategy Finder” data analytics service. It is working to monetize the service and also provides web marketing solutions based on its data analytics results.」
As a consolidated subsidiary, the company continues to monetize Strategy Finder and provide web marketing support based on data analytics. - FY2019-Q1MitigatedAnnual report
「Economic Index Co., Ltd., a consolidated subsidiary operating a data analytics services business, analyzes proprietary latent keywords and topics and proposes improvements through its “Strategy Finder” data analytics service. It is working to monetize the service and also provides web marketing and digital marketing solutions based on its data analytics results.」
As a consolidated subsidiary, Economic Index is progressing with the monetization of Strategy Finder and the provision of solutions based on data analytics. The explanation has shifted from upfront investment involving equity-method investment losses to the monetization of services. - FY2018MitigatedAnnual report
「Economic Index Co., Ltd., which was an equity-method affiliate in the previous consolidated fiscal year, has been included in the scope of consolidation from the current consolidated fiscal year because its materiality increased.」
Economic Index changed from an equity-method affiliate to a consolidated subsidiary, and no equity-method investment loss was recorded for the current fiscal year. The risk associated with upfront investment and equity-method losses has been reduced through the change in accounting treatment and the reduction in losses. - FY2018-Q3WorsenedAnnual report
「Equity-method investment loss of ¥19.722 million」
The equity-method investment loss increased from ¥5.972 million for the cumulative second quarter to ¥19.722 million. - FY2018-Q2WorsenedAnnual report
「Equity-method investment loss of ¥5.972 million」
The equity-method investment loss increased from ¥146 thousand in the first quarter of the previous fiscal year to ¥5.972 million. - FY2018-Q1MitigatedAnnual report
「Equity-method investment loss of ¥146 thousand」
The equity-method investment loss was ¥146 thousand for the quarter, a substantial reduction from ¥151 million for the previous full fiscal year. - FY2017WorsenedAnnual report
「In addition, Economic Index Co., Ltd., an equity-method affiliate, was in the upfront investment phase for service development and recorded an equity-method investment loss of ¥151 million during the current consolidated fiscal year.」
The full-year equity-method investment loss related to Economic Index’s upfront investment was ¥151 million. - FY2017-Q3WorsenedAnnual report
「Equity-method investment loss of ¥106.845 million」
The equity-method investment loss related to Economic Index Co., Ltd., which was in the upfront investment phase for service development, increased from ¥73.781 million previously to ¥106.845 million. - FY2017-Q2WorsenedAnnual report
「Equity-method investment loss of ¥73.781 million」
The equity-method investment loss related to Economic Index Co., Ltd. increased from the previously reported ¥34.891 million to ¥73.781 million. - FY2017-Q1First statedAnnual report
「Economic Index Co., Ltd., which became an equity-method affiliate in May 2015, was in the upfront investment phase for developing the cloud version of its big-data analytics tool “EI Sentiment.” It therefore recorded an equity-method investment loss during the first quarter of the current consolidated fiscal year.」
The company was in the upfront investment phase for developing the cloud version, and disclosed an equity-method investment loss of ¥34.891 million for the quarter.