Risk of deteriorating performance and guarantee fulfillment involving equity-method affiliates
First written in FY2020. 5 of 14 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1WorsenedAnnual report
「JFE Steel Corporation, a consolidated subsidiary in the steel business, acquired a 25% interest in JSW JFE Kalinga Steel Limited, an equity-method affiliate, for INR 78.75 billion in June 2026, based on a commitment held at the end of the previous fiscal year.」
The acquisition of a 25% interest in JSW JFE Kalinga Steel was completed, increasing investment exposure to an equity-method affiliate. - 2026-08-05WorsenedFinancial results presentation
「 2026年度（上期見通し）のDebt/EBITDA倍率は、JJSLへの2回目の出資（25％相当）等により、4.8倍を見込む」
JJSLへの2回目の出資が投資・財務エクスポージャーの拡大要因として示された。 - FY2026WorsenedAnnual report
「Commitments at the end of the current consolidated fiscal year primarily related to the acquisition of an interest in JSW Kalinga Steel Limited. Details are provided in “42. Related Parties.”」
Commitments for investments in and additional investments in equity-method affiliates totaled ¥149.826 billion, increasing the investment exposure associated with the integrated steelworks project with JSW in India. - FY2025MitigatedAnnual report
「Total 32,148 22,817」
Regarding the risks of deteriorating performance and guarantee fulfillment involving equity-method affiliates, the guarantee amount declined from the previous fiscal year, and the guarantee limit for affiliates also fell to ¥4.266 billion. - FY2024-Q2MitigatedAnnual report
「Equity-method investment gain related to ジャパン マリンユナイテッド㈱: ¥430 million」
Regarding the risk of deteriorating performance involving equity-method affiliates, JMU returned to investment income for the cumulative second quarter period, improving from the investment loss recorded in the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「Equity-method investment income related to Japan Marine United Co., Ltd. ¥71 million」
Regarding the risk of deteriorating performance involving equity-method affiliates, JMU, which recorded an investment loss in the previous fiscal year, recorded investment income in the first quarter of the current fiscal year. - FY2023WorsenedAnnual report
「Losses of equity-method affiliates are recognized in the consolidated financial statements in proportion to the ownership interests held by the Company and its consolidated subsidiaries. The Company and its consolidated subsidiaries also provide guarantees for the monetary obligations of certain equity-method affiliates.」
The risk of deteriorating performance involving equity-method affiliates continued to be disclosed, including JMU’s ¥5.453 billion investment loss and the possibility of guarantee fulfillment. - FY2023-Q3WorsenedAnnual report
「Equity-method investment loss related to Japan Marine United Co., Ltd. ¥4.581 billion」
The risk of deteriorating performance involving an equity-method affiliate materialized as a ¥4.581 billion equity-method investment loss related to JMU during the cumulative third quarter period. - FY2023-Q2MaterialisedAnnual report
「Equity-method investment loss related to Japan Marine United Co., Ltd. ¥4.142 billion」
The risk of deteriorating performance involving an equity-method affiliate materialized as a ¥4.142 billion equity-method investment loss related to JMU during the cumulative second quarter period. - FY2022MaterialisedAnnual report
「The loss resulted from the withdrawal from business by NKK Seamless Steel Tube, an equity-method affiliate in the steel business, and other factors, and primarily comprised an equity-method investment loss related to its withdrawal.」
The risk of deteriorating performance and withdrawal involving an equity-method affiliate materialized as a ¥4.918 billion loss on liquidation of an affiliate arising from NKK Seamless Steel Tube’s withdrawal from business. - FY2022-Q3MaterialisedAnnual report
「The loss resulted from the withdrawal from business by NKK Seamless Steel Tube, an equity-method affiliate in the steel business, and primarily comprised an equity-method investment loss related to its withdrawal.」
The risk of deteriorating performance and losses involving an equity-method affiliate materialized as a ¥4.588 billion loss on liquidation of an affiliate arising from NKK Seamless Steel Tube’s withdrawal from business. - FY2022-Q1MitigatedAnnual report
「Equity-method investment income related to Japan Marine United Co., Ltd. ¥1.939 billion」
An equity-method affiliate that incurred a loss and an equity-method investment loss in the previous fiscal year recorded equity-method investment income in the current quarter, temporarily easing the impact of the risk of deteriorating performance. - FY2021MaterialisedAnnual report
「Japan Marine United, an equity-method affiliate, posted a loss for the current consolidated fiscal year because sluggish newbuilding prices resulting from the delayed recovery in the newbuilding market and stalled business negotiations caused by the spread of COVID-19 affected its performance.」
The risk of deteriorating performance and guarantee fulfillment involving an equity-method affiliate materialized through JMU’s loss and a ¥4.1 billion equity-method investment loss. - FY2020First statedAnnual report
「Losses of equity-method affiliates are recognized in the consolidated financial statements in proportion to the ownership interests held by the Company and its consolidated subsidiaries. The Company and its consolidated subsidiaries also provide guarantees for the monetary obligations of certain equity-method affiliates. If circumstances arise in the future requiring the Group to fulfill these guarantees, the Group’s business performance and financial position may be affected.」
The effects of losses and impairment of investments in equity-method affiliates, as well as guarantee fulfillment, on business performance and financial position were systematically described for the first time as risks relating to affiliates generally.