Delays in Overseas Subsidiaries and Southeast Asian Expansion, and Investment Losses
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 8 of 23 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Human Technologies (Thailand) Co., Ltd. is responsible for developing new markets by expanding HR cloud services into Southeast Asia. However, because investments in market research and system development precede revenue generation, it has remained loss-making since its establishment, and the non-consolidated results for the fiscal year ended March 2024 included a ¥71,706 thousand loss on valuation of shares in the subsidiary.」
Reaffirms the Thai entity’s upfront investment and continuing losses, the prior-year loss on valuation of subsidiary shares and the dormancy of the Sri Lankan entity. - FY2025RestatedAnnual report
「In the non-consolidated results for the fiscal year ended March 2024, we recorded a ¥71,706 thousand loss on valuation of shares in a subsidiary following impairment of shares in an affiliated company. Impairment may also be required in the future if plans to develop new markets are delayed. The Sri Lankan entity is temporarily dormant after responding to the severe economic crisis since spring 2022 by transferring all employees to an outsourcing agreement with the Singapore entity.」
Restates the ¥71,706 thousand loss on valuation of shares in the Thai subsidiary and the temporary dormancy of the Sri Lankan entity. - FY2024MaterialisedAnnual report
「In the non-consolidated results for the fiscal year ended March 2024, we recorded a ¥71,706 thousand loss on valuation of shares in a subsidiary following impairment of shares in an affiliated company. Impairment may also be required in the future if plans to develop new markets are delayed. The Sri Lankan entity is temporarily dormant after responding to the severe economic crisis since spring 2022 by transferring all employees to an outsourcing agreement with the Singapore entity.」
Reports the actual ¥71,706 thousand loss on valuation of shares in the Thai subsidiary and the temporary dormancy of the Sri Lankan entity.