Investment Losses and Impairment From Economic Stagnation in Southeast Asia
First written in FY2017. 6 of 15 entries say "Materialised", first in FY2017. Latest entry: 2026-05-26.
Alinco moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2019: 3 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- 2026-05-26MaterialisedGeneral Meetings of Shareholders
「The company recorded an allowance for doubtful accounts of ¥1,474 million against a long-term loan to its subsidiary PT. ALINCO SCAFFOLDING INDONESIA.」
The company disclosed a substantial allowance for doubtful accounts against a long-term loan to its Indonesian subsidiary, making the impact of credit and investment losses relating to overseas Group companies more specific. - FY2023-Q3WorsenedAnnual report
「As a result, a loss of ¥282 million on the step acquisition of shares was recorded as an extraordinary loss, and ¥342 million was deducted as net income attributable to non-controlling interests. Consequently, net income attributable to owners of the parent increased 225.7% year on year to ¥1.322 billion.」
A loss of ¥282 million on the step acquisition arose in connection with the additional acquisition of the Indonesian affiliate, and an equity-method investment loss of ¥170.70 million was also recorded. The impact of losses related to overseas affiliates continued. - FY2023-Q2WorsenedAnnual report
「Equity-method investment losses 8,281 150,365」
Equity-method investment losses increased from ¥8.281 million in the same period of the previous year to ¥150.365 million, increasing the impact of losses at overseas affiliates and elsewhere. - FY2023-Q1WorsenedAnnual report
「Equity-method investment losses 6,546 87,138」
Equity-method investment losses increased from ¥6.546 million in the same period of the previous year to ¥87.138 million in the current quarter, increasing the impact of losses at overseas affiliates and elsewhere. - FY2022WorsenedAnnual report
「Ordinary profit fell 60.8% from the previous fiscal year to ¥1.126 billion, as an equity-method investment loss was recorded under non-operating expenses for PT. KAPURINDO SENTANA BAJA, an equity-method affiliate in the Republic of Indonesia. This resulted from the determination that there were concerns over the recoverability of long-term loans.」
Concerns over the recoverability of long-term loans to the Indonesian affiliate continued, and an equity-method investment loss of ¥878 million was recorded, increasing the impact of losses from the previous fiscal year. - FY2022-Q3MaterialisedAnnual report
「Ordinary profit fell 58.0% year on year to ¥955 million, as an equity-method investment loss was recorded under non-operating expenses for PT. KAPURINDO SENTANA BAJA, an equity-method affiliate in the Republic of Indonesia. Through its investment in Kapurindo, the Company had pursued a rental business for temporary equipment used in private-sector building and civil engineering projects and power generation plants in Indonesia. However, the prolonged spread of COVID-19 led to the temporary closure of construction sites and delays or postponements in the start of construction projects in the country, and the Company determined that there were concerns over the recoverability of its long-term loans to Kapurindo.」
An equity-method investment loss of ¥835 million was recorded for the Indonesian equity-method affiliate, and concerns over the recoverability of long-term loans, arising from the closure and delays at construction sites, materialized as an actual loss. - FY2022-Q1MitigatedAnnual report
「Equity-method investment losses 29,290 6,546」
Equity-method investment losses declined from ¥29.290 million in the same period of the previous year to ¥6.546 million, reducing the impact of losses at overseas affiliates and elsewhere. - FY2021MaterialisedAnnual report
「ALINCO SCAFFOLDING (THAILAND) CO., LTD. had recorded operating losses continuously, and the estimated total future cash flows fell below the carrying amounts of the assets. Accordingly, the carrying amounts were reduced to their recoverable amounts, and the reduction of ¥54 million was recorded as an impairment loss under extraordinary losses.」
Continued operating losses at the Thai rental base resulted in an impairment loss of ¥54 million for the full fiscal year. - FY2021-Q3WorsenedAnnual report
「Equity-method investment losses 2,999 12,650」
Equity-method investment losses increased from ¥2.999 million in the same period of the previous year to ¥12.650 million, increasing the impact of losses at overseas affiliates and elsewhere. - FY2021-Q2MaterialisedAnnual report
「Equity-method investment losses - 4,661」
An equity-method investment loss of ¥4.661 million was recorded in the cumulative second quarter, and the impact of losses at overseas affiliates and elsewhere re-emerged. - FY2021-Q1WorsenedAnnual report
「Equity-method investment losses: 29,290」
Equity-method investment income of ¥7.745 million in the same period of the previous year turned into equity-method investment losses of ¥29.29 million in the current quarter, and the impact of losses at overseas affiliates and elsewhere re-emerged. - FY2020MaterialisedAnnual report
「ALINCO SCAFFOLDING (THAILAND) CO., LTD., one of the overseas bases of the rental-related business, had recorded operating losses continuously, and the estimated total future cash flows fell below the carrying amounts of the assets. Accordingly, the carrying amounts were reduced to their recoverable amounts, and the reduction of ¥138 million was recorded as an impairment loss under extraordinary losses.」
Continued operating losses at the Southeast Asian base again materialized as an impairment loss of ¥138 million. - FY2020-Q3MitigatedAnnual report
「Equity-method investment losses 29,994 2,999」
Equity-method investment losses declined from ¥29.994 million in the same period of the previous year to ¥2.999 million in the cumulative third quarter of the current fiscal year, reducing the impact of losses at overseas affiliates and elsewhere. - FY2018MitigatedAnnual report
「Ordinary profit increased 25.6% from the previous fiscal year to ¥3.089 billion, due to foreign exchange gains associated with hedging foreign exchange risk and a decrease in equity-method investment losses. Net income attributable to owners of the parent increased 3.4% to ¥1.680 billion.」
Equity-method investment losses declined from ¥283 million in the previous fiscal year to ¥10.49 million in the current fiscal year, reducing the impact of losses at affiliates in Southeast Asia and elsewhere from the previous fiscal year. - FY2017MaterialisedAnnual report
「Ordinary income and net income attributable to owners of the parent declined due in part to the recognition of equity-method investment losses and impairment losses on property, plant and equipment relating to overseas Group companies affected by economic stagnation in Southeast Asia. ALINCO SCAFFOLDING (THAILAND) CO.,LTD has recorded operating losses continuously since commencing operations, and an impairment loss of ¥166 million was recorded as an extraordinary loss.」
The effects of economic stagnation in Southeast Asia materialized as an equity-method investment loss of ¥283 million and an impairment loss of ¥166.319 million at the Thai subsidiary.