Declining Prices and Liquidity of Investee Company Shares
First written in FY2016. 8 of 23 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2026.
Adventure moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Opening balance 563,874 Gains or losses for the period △74,123 Closing balance 489,750」
Regarding the risk of changes in the fair value of shares and other investments, the fair value of Level 3 financial instruments decreased by ¥74,123 thousand during the period, and the decrease was recognized as a loss in the investment business. - FY2024WorsenedAnnual report
「In the investment business, reflecting the business performance of the investees, revenue and profit for this segment amounted to negative ¥36,535 thousand, compared with segment revenue and profit of ¥91,513 thousand in the same period of the previous year.」
The investment business, reflecting the business performance of the investees, went from a profit of ¥91,513 thousand in the same period of the previous year to a loss of ¥36,535 thousand, with changes in the fair value of investee shares and other assets reflected in full-year performance. - FY2024-Q3WorsenedAnnual report
「In the investment business, reflecting the performance of the investee companies, revenue and segment profit totaled negative ¥36.530 million, compared with segment revenue and segment profit of ¥74.795 million in the same period of the previous year.」
The investment business shifted back into the red from a positive result in the same period of the previous year, with losses reflecting the investees’ business performance disclosed in the results. The fair value risk of investee shares has again been reflected in performance. - FY2023-Q3Investment business remains profitableAnnual report
「In the investment business, reflecting the performance of the investee companies, revenue and segment profit totaled ¥74.795 million, compared with segment revenue and segment profit of negative ¥126.547 million in the same period of the previous year.」
The investment business recorded revenue and segment profit of negative ¥126,547 thousand in the same period of the previous year, compared with positive ¥74,795 thousand for the cumulative third quarter period under review. It is not stated that the risk of share price declines or valuation losses has been eliminated. - FY2023-Q2Investment business turns profitableAnnual report
「In the investment business, reflecting the performance of the investee companies, revenue and segment profit totaled ¥81.958 million, compared with segment revenue and segment profit of negative ¥11.921 million in the same period of the previous year.」
The investment business recorded revenue and segment profit of negative ¥11,921 thousand in the same quarter of the previous year, compared with positive ¥81,958 thousand in the quarter under review. It is not stated that the risk of share price declines or valuation losses has been eliminated. - FY2023-Q1Temporary improvement due to recognition of investment valuation gainsAnnual report
「In the investment business, reflecting the performance of the investee companies, revenue and segment profit both totaled ¥226.677 million, up 22.9% year on year.」
Although it is not stated that the risk of a decline in the prices of investee shares has been eliminated, revenue and profit reflecting the investees’ business performance were recorded in the quarter, representing an improvement from the loss position in the same quarter of the previous year. - FY2022WorsenedAnnual report
「In the investment business, we continue to invest in growth companies and other businesses. However, as a result of declines in the share prices of the operating investment securities held, segment revenue and profit were both a loss of ¥92.477 million (segment revenue and profit in the same period of the previous year were both losses of ¥79.360 million).」
The risk of declines in investee-share prices continued throughout the year, and the loss in the investment business widened from negative ¥79.360 million in the previous year to negative ¥92.477 million. - FY2022-Q3WorsenedAnnual report
「In the investment business, we continue to invest in growth companies and other businesses. However, as a result of declines in the share prices of the operating investment securities held, segment revenue and segment profit were both a loss of ¥126.547 million (segment revenue and segment profit in the same period of the previous year were both losses of ¥69.429 million).」
The risk of declines in investee-share prices continued to materialize, and the loss in investment-business revenue and segment profit widened from negative ¥69.429 million in the same period of the previous year to negative ¥126.547 million. - FY2022-Q2Reduction in losses from share-price declinesAnnual report
「In the investment business, we continue to invest in growth companies and other businesses. However, as a result of declines in the share prices of the operating investment securities held, segment revenue and segment profit were both a loss of ¥11.921 million (segment revenue and segment profit in the same period of the previous year were both losses of ¥164.949 million).」
Although declines in the share prices of investment securities held continued to occur, losses in the investment business narrowed from the same period of the previous year. The disclosure does not state that the risk of share-price declines had been eliminated. - FY2022-Q1Temporary improvement due to a rising stock marketAnnual report
「In the investment business, supported by rising share prices across the travel industry, revenue and segment profit were both ¥184.388 million, up 693.9% year on year.」
Unlike the previously evident declines in share prices and valuation losses, the investment business was profitable this quarter against a backdrop of rising share prices across the travel industry. The disclosure does not state that the risk of share-price declines had disappeared or been permanently reduced. - FY2021WorsenedAnnual report
「In the investment business, we continue to invest in growth companies and other businesses. However, share prices across the stock market declined due to the spread of COVID-19, resulting in declines in the share prices of the operating investment securities held. Consequently, segment revenue and profit were both a loss of ¥79.360 million (segment revenue and profit in the same period of the previous year were ¥175.948 million and ¥166.120 million, respectively).」
The risk of declines in investee-share prices continued throughout the year, and both revenue and profit in the investment business were negative ¥79.360 million. - FY2021-Q3WorsenedAnnual report
「As the overall stock market continued to decline under the impact of the spread of COVID-19, the share prices of the securities held for investment in the ordinary course of business also fell. As a result, segment revenue and segment profit were negative ¥69.429 million, compared with negative ¥45.180 million and negative ¥55.008 million, respectively, in the same period of the previous year.」
The risk of declines in investee-share prices continued to materialize, and revenue and segment profit in the investment business were negative ¥69.429 million, below the same period of the previous year. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, substantial valuation losses arose on some of the securities held for investment in the ordinary course of business. As a result, revenue and segment profit for this segment were both negative ¥164.949 million, compared with segment revenue of ¥353.604 million and segment profit of ¥346.519 million in the same period of the previous year.」
The risk of declines in the prices and valuation of investee shares materialized as substantial valuation losses on securities held for investment in the ordinary course of business and losses in the investment business. - FY2020Annual sensitivity updateAnnual report
「The impact on profit before income taxes if the market price of listed shares declines by 10% is as follows.」
Regarding the risk of fluctuations in investee-share prices, the impact of a 10% decline on profit before income taxes was updated to ¥63.425 million for the current fiscal year. - FY2020-Q3MaterialisedAnnual report
「During the three-month period ended the third quarter of the current consolidated fiscal year, share prices across the stock market declined, primarily due to the spread of COVID-19, resulting in declines in the share prices of the operating investment securities held. Consequently, segment revenue was a loss of ¥45.180 million, compared with revenue of ¥754.990 million in the same period of the previous year, and segment profit was a loss of ¥55.008 million, compared with segment profit of ¥617.298 million in the same period of the previous year. The investment business therefore recorded lower revenue and profit for the nine-month period ended the third quarter.」
The risk of declines in investee-share prices materialized as a broad decline in the stock market caused by the impact of COVID-19 and losses in the investment business. - FY2020-Q1MaterialisedAnnual report
「In the investment business, declines in the share prices of investees resulted in revenue of a loss of ¥17.190 million, down 112.4% year on year, and segment profit of a loss of ¥21.797 million, down 116.0% year on year.」
The risk of declines in investee-share prices materialized, resulting in negative revenue and segment profit in the investment business. - FY2019Quantification of sensitivityAnnual report
「The impact on profit before income taxes if the market price of listed shares declines by 10% is as follows. Listed shares: (¥65.717 million)」
The impact on profit before income taxes of a 10% decline in the market price of listed shares was quantified at ¥65.717 million. - FY2018MaterialisedAnnual report
「During the consolidated fiscal year, the Company recognized impairment losses of ¥20.000 million on securities held for investment in the ordinary course of business, comprising ¥20.000 million in shares classified as other securities.」
Regarding the risk of declines in the prices and valuation of investee shares, the Company disclosed the recognition of impairment losses of ¥20.000 million on securities held for investment in the ordinary course of business. - FY2018-Q3MaterialisedAnnual report
「The main factors were the recognition of ¥265.106 million in net income attributable to owners of the parent, the newly acquired treasury shares for ¥219.812 million, and a ¥172.398 million decrease in the valuation difference on other securities.」
The valuation difference on other securities decreased by ¥172.398 million, and the results corresponding to the previously disclosed risk of a decline in the valuation of investment securities were disclosed. The cause of the decline was not specified in the text. - FY2016First statedAnnual report
「Accordingly, even if an investee company goes public, while the Company holds its shares or other securities, a weak stock market, lower trading volume in the investee company's shares, weak performance by the investee company or other factors may cause the prices and liquidity of the shares or other securities held to decline. This could result in losses on their sale, impairment losses, or a situation in which they cannot be sold for an extended period, potentially affecting the Group's financial position and operating results.」
Risks related to stock market conditions, liquidity and investee-company performance when recovering investments.