Fair Value Measurement of Investments in Subsidiaries by an Investment Entity
First written in FY2023-Q3. 4 of 8 entries say "Advanced", first in FY2024-H1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「The Company has various types of subsidiaries and reviews each fiscal year how they should be treated under IFRS 10 based on the functions performed by each subsidiary.」
Reconfirms the policy of reviewing each year whether subsidiaries should be consolidated or measured at fair value according to their functions. - 2026-03-25AdvancedTimely disclosure
「An investment entity is required to measure at fair value through profit or loss all investments in subsidiaries and investment limited partnerships or Limited Partnerships, except for subsidiaries that provide investment-related services, such as advisory or administrative services.」
The organizational charts and lists provided specific explanations covering consolidated subsidiaries, subsidiaries measured at fair value, and funds that are not subsidiaries across the PE, real estate, and global tech growth investment businesses. The accounting treatment was detailed under which an investment entity does not consolidate subsidiaries or funds that it controls if they do not provide investment-related services, instead measuring them at fair value. - FY2025AdvancedAnnual report
「In the real estate investment business and global tech-growth investment business, Integral Real Estate Co., Ltd. and Integral Global Tech Partners Co., Ltd., which are principal subsidiaries of the respective businesses, provide investment-related services and are therefore included in the scope of consolidation. Certain investment vehicles and employee and officer investment vehicles established to make investments, however, are measured at fair value and recognized in the consolidated financial statements, as in the private equity business.」
The application of fair-value measurement by an investment entity expanded beyond the private equity business to investment vehicles for the real estate and global tech-growth businesses. - FY2024AdvancedAnnual report
「As of the filing date, the Group holds all shares in Itokin, making it a subsidiary of the Company. However, because Itokin is a portfolio company, it is not consolidated and is measured at fair value through profit or loss.」
Itokin's voting interest increased from 20% to 100%, changing it from an associate to a subsidiary measured at fair value. Integral Real Estate Co., Ltd., which provides real estate investment-related services, was treated as a consolidated subsidiary. - FY2024-H1AdvancedAnnual report
「As of the filing date, the Group holds all shares in Itokin, making it a subsidiary of the Company. However, because Itokin is a portfolio company, it is not consolidated and is measured at fair value through profit or loss.」
After control was acquired through a principal investment, Itokin was not consolidated but was measured at fair value under the investment-entity accounting model. - FY2024-Q1RestatedAnnual report
「The Company qualifies as an investment entity under IFRS 10, Consolidated Financial Statements. Under IFRS 10, an entity meeting the definition of an investment entity is required to measure at fair value through profit or loss all investments in subsidiaries, except subsidiaries that are not investment entities and provide investment-related services such as advisory or management services.」
Reconfirms the accounting structure under which subsidiaries that do not provide investment-related services are not consolidated and are measured at fair value. - FY2023RestatedAnnual report
「The Company qualifies as an investment entity under IFRS 10. Accordingly, subsidiaries are not consolidated and are measured at fair value through profit or loss.」
The annual report reconfirmed that certain subsidiaries are not consolidated and are measured at fair value as part of the Company's investment-entity accounting. - FY2023-Q3First statedAnnual report
「The Company qualifies as an investment entity under IFRS 10, Consolidated Financial Statements. Under IFRS 10, an entity meeting the definition of an investment entity is required to measure at fair value through profit or loss all investments in subsidiaries, except subsidiaries that are not investment entities and provide investment-related services such as advisory or management services.」
Describes the accounting structure under which certain subsidiaries are not consolidated and are instead measured at fair value through profit or loss because the Company qualifies as an investment entity.