Risk of bankruptcy and additional losses related to Joyou
First written in FY2016. 2 of 3 entries say "Cited as achieved", first in FY2017. Latest entry: FY2018.
The whole theme swung hardest in 2026: 5 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2018Cited as achievedAnnual report
「The amounts of long-outstanding receivables and allowance for doubtful accounts for the previous consolidated fiscal year and the fiscal year under review include ¥33,018 million in recourse receivables related to losses on debt guarantees recorded in the consolidated fiscal year ended 31 March 2016, and ¥27,938 million in allowance for doubtful accounts recorded against those recourse receivables.」
Prior-year losses related to guarantees involving Joyou, together with the recourse receivables and allowance for doubtful accounts, are cited as events from prior fiscal years. - FY2017Cited as achievedAnnual report
「Impact of the absence of the ¥35.8 billion loss related to Joyou in the previous consolidated fiscal year」
Losses related to Joyou's bankruptcy and guarantees are cited as events that occurred in prior fiscal years and are treated as a factor contributing to the improvement in current-period profit. - FY2016MaterialisedAnnual report
「On 22 May 2015, Joyou filed with the District Court of Hamburg, Germany, for the commencement of insolvency proceedings, and the proceedings commenced on 16 July 2015. As a result, the company lost control of Joyou, and Joyou ceased to be a subsidiary of the company.」
The company recorded ¥27,938 million in losses related to debt guarantees and ¥5,687 million in investigation costs in connection with Joyou, among other items. The disclosure presents both events that have already occurred and the possibility of additional losses.