Redemption risk for investment-purpose bonds and recovery risk for investments in private companies
First written in FY2020. 12 of 23 entries say "Restated". Latest entry: 2026-11-13.
The whole theme swung hardest in 2019: 39 of 122 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「In its investment business, the Group holds bonds, with a balance of ¥500 million as of 31 March 2026.」
The balance of bonds subject to redemption risk decreased from ¥2.4 billion at the end of the previous fiscal year to ¥500 million. The company continues to limit the bonds to those redeemable in the short term and monitor the financial condition of the bond issuers. - 2026-05-14MitigatedEarnings presentation
「営業投資有価証券 期末残高 712」
営業投資有価証券の期末残高が前期末の2,556百万円から712百万円へ減少し、投資目的社債等の残高も縮小している。 - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2025WorsenedAnnual report
「In its investment business, the Group holds bonds, with a balance of ¥2.4 billion as of 31 March 2025. Most of the bonds acquired are short-term bonds redeemable in approximately six months, and the Group continuously monitors the financial condition and other matters concerning the bond issuers. However, if for any reason redemption does not occur in the future, the Group's results and financial position could be affected.」
The balance of bonds subject to redemption risk increased from ¥1.3 billion at the end of the previous fiscal year to ¥2.4 billion. The company states that it limits the bonds primarily to those redeemable in the short term and monitors the issuers' financial condition. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2024MaterialisedAnnual report
「During the current consolidated fiscal year, the company recognised an impairment loss of ¥50 million on unlisted shares classified as securities for operating investment purposes.」
An impairment loss of ¥50 million was recognised in relation to the value decline and recovery risk of investments in unlisted companies. The balance of bonds decreased from ¥1.9 billion at the end of the previous fiscal year to ¥1.3 billion. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the previous fiscal year’s annual securities report.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2023WorsenedAnnual report
「In its investment business, the Group holds bonds, with a balance of ¥1.9 billion as of 31 March 2023. Most of the bonds acquired are short-term bonds redeemable in approximately six months, and the Group continuously monitors the financial condition and other matters concerning the bond issuers. However, if for any reason redemption does not occur in the future, the Group's results and financial position could be affected.」
The balance of bonds subject to redemption risk increased from ¥1.4 billion at the end of the previous fiscal year to ¥1.9 billion. The company states that it limits the bonds primarily to those redeemable in the short term and monitors the issuers' financial condition. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the previous fiscal year’s annual securities report.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2022WorsenedAnnual report
「In its investment business, the Group holds bonds, with a balance of ¥1.4 billion as of 31 March 2022. The bonds acquired are limited to short-term bonds redeemable in approximately six months, and the Group continuously monitors the financial condition and other matters concerning the bond issuers. However, if for any reason redemption does not occur in the future, the Group's results and financial position could be affected.」
The balance of bonds subject to redemption risk increased from ¥1.2 billion at the end of the previous fiscal year to ¥1.4 billion. The company also states that it limits the bonds to those redeemable within approximately six months and monitors the issuers' financial condition. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the previous fiscal year’s annual securities report.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, the fair value of certain unlisted shares fell by more than 50% below their carrying value. As the company determined that the possibility of recovering the fair value could not be supported by sufficient evidence, it reduced the carrying value to the fair value and recognised the resulting valuation difference as cost of sales.」
For investments in unlisted companies, fair value fell by more than 50% below carrying value, and an impairment loss of ¥12.469 million was recognised. This indicates that the investment recovery and value decline risks actually materialised. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the previous fiscal year’s annual securities report.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the previous fiscal year’s annual securities report.」
The company states that there have been no material changes regarding redemption risk for investment-purpose bonds and recovery risk for investments in private companies. - FY2020First statedAnnual report
「In its investment business, the Group holds bonds issued by investment management companies, with a balance of ¥1.2 billion as of 31 March 2020. The bonds acquired are limited to those redeemable within one year, and the Group regularly checks how the funds raised through the bonds are being managed. In addition, all bonds held as of 31 March 2020 were issued by investment management companies that had previously redeemed bonds underwritten by the Group at maturity, and the Group therefore considers the risk to be low. However, if for any reason redemption does not occur in the future, the Group's results and financial position could be affected. The investment business also invests in private companies, on the premise that the investments will be recovered through an initial public offering, M&A or other means. However, if the performance of an investee company deteriorates significantly and its equity value declines substantially, the Group's results could be affected.」
The company newly identifies the risk that ¥1.2 billion of short-term bonds may not be redeemed, as well as the recovery risk for investments in private companies arising from deteriorating performance and declining equity values.