Loss on guarantees associated with the withdrawal of an overseas joint venture
First written in FY2020. 2 of 9 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2026-H1.
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- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the risk of losses on debt guarantees associated with the overseas joint venture's withdrawal from the business. - FY2022MitigatedAnnual report
「Investee (borrowings) ¥60.333 million － (USD 544,967) (USD －) Provision for loss on debt guarantees △¥60.333 million －」
The investee's borrowings and the provision for loss on debt guarantees relating to the overseas joint venture were zero at the end of the current consolidated fiscal year. - FY2022-Q3MitigatedAnnual report
「Investee (borrowings) ¥60.333 million － (USD 544,967) (USD －) Provision for loss on debt guarantees △¥60.333 million － (USD △544,967) (USD －)」
The investee's borrowings and the provision for loss on debt guarantees relating to the overseas joint venture fell from ¥60.333 million at the end of the previous consolidated fiscal year to zero at the end of the quarter. - FY2022-Q2Provision for loss on debt guarantees increased slightlyAnnual report
「Investee (borrowings) ¥60.333 million ¥60.448 million Provision for loss on debt guarantees △¥60.333 million △¥60.448 million」
The provision for loss on debt guarantees relating to the overseas joint venture increased by ¥115,000, from ¥60.333 million at the end of the previous consolidated fiscal year to ¥60.448 million. The quarterly income statement also records ¥115,000 in provision expense for loss on debt guarantees. - FY2022-Q1Provision for loss on debt guarantees decreased slightlyAnnual report
「Investee (borrowings) ¥60.333 million ¥59.721 million Provision for loss on debt guarantees △¥60.333 million △¥59.721 million」
The provision for loss on debt guarantees relating to the overseas joint venture decreased from ¥60.333 million at the end of the previous consolidated fiscal year to ¥59.721 million. The change in the provision balance is disclosed. - FY2021-Q3Amount of provision for loss on debt guarantees updatedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, liabilities stood at ¥7,668 million, down ¥44 million from the end of the previous consolidated fiscal year. This was mainly because notes and accounts payable decreased by ¥312 million, long-term borrowings, including the current portion, decreased by ¥53 million, and provision for bonuses decreased by ¥110 million, despite a ¥460 million increase in short-term borrowings.」
The quarterly consolidated balance sheet records a ¥59.766 million provision for loss on debt guarantees, and the same amount is recorded as provision expense for loss on debt guarantees under extraordinary losses in the income statement. The amount has been updated from ¥58.513 million reported in the previous quarterly report. - FY2021-Q2Update to the provision for losses on guarantees of obligations and recognition of an extraordinary lossAnnual report
「Provision expense for loss on debt guarantees － ¥58.513 million Provision for loss on debt guarantees － ¥58.513 million」
A ¥58.513 million provision expense and provision were recognized for losses on debt guarantees relating to an overseas joint venture, with the same amount recognized as an extraordinary loss. - FY2021-Q1MaterialisedAnnual report
「Provision for losses on guarantees of obligations — 58,234 Provision for losses on guarantees of obligations — 58,234」
A provision for losses on guarantees of obligations of ¥58.234 million was recognised in connection with the planned withdrawal of the overseas joint venture, with the same amount also recognised as an extraordinary loss. - FY2020First statedAnnual report
「As the likelihood of having to honour the guarantee of the company's obligations in the future increased, we decided to recognise a provision for losses on guarantees of obligations. The amount is expected to be approximately ¥65 million, although it will vary depending on the amount guaranteed and the exchange rate after the consolidated balance sheet date.」
The likelihood of having to honour the guarantee of obligations increased following the resolution to prepare for the withdrawal of the overseas joint venture, and a provision for losses on guarantees of obligations of approximately ¥65 million was expected to be recognised in the following consolidated fiscal year.