Losses and Guarantee-Related Burdens Arising from the Deterioration of Overseas Subsidiaries’ Financial Condition
First written in FY2019. 6 of 10 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2026.
Sanoh Industrial moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The amount of negative net worth at the over-indebted companies was ¥6.732 billion for Geiger Automotive USA Inc. as of 31 December 2025.」
Geiger Automotive USA's negative net worth increased from ¥5.013 billion at the end of the previous fiscal year to ¥6.732 billion. The parent company's total debt guarantees also increased to ¥11.038 billion. - FY2025WorsenedAnnual report
「The amount of negative net worth at the over-indebted companies was ¥5.013 billion for Geiger Automotive USA Inc. as of 31 December 2024.」
Geiger Automotive USA's negative net worth increased from ¥4.894 billion at the end of the previous fiscal year to ¥5.013 billion. Meanwhile, the parent company's total debt guarantees decreased from ¥10.651 billion to ¥9.665 billion. - FY2024WorsenedAnnual report
「The amount of negative net worth at the over-indebted companies was ¥4.894 billion for Geiger Automotive USA Inc. as of 31 December 2023.」
Geiger USA's negative net worth increased from ¥3.517 billion at the end of the previous fiscal year to ¥4.894 billion. The parent company's total debt guarantees also increased to ¥10.651 billion. - FY2022WorsenedAnnual report
「The amount of negative net worth at the over-indebted companies was ¥3.517 billion for Geiger Automotive USA Inc. as of 31 March 2022.」
Geiger Automotive USA Inc.'s negative net worth increased from ¥2.902 billion at the end of the previous fiscal year to ¥3.517 billion. The parent company's total debt guarantees also increased from ¥7.072 billion to ¥9.601 billion. - FY2021RestatedAnnual report
「The amount of negative net worth at the over-indebted companies was ¥2.902 billion for Geiger Automotive USA Inc. as of 31 March 2021.」
Geiger Automotive USA Inc. remained over-indebted. Although the amount decreased from ¥3.016 billion at the end of the previous fiscal year, the risk of the parent company bearing guarantee obligations, loans, and other liabilities remains. - FY2020-Q3RestatedAnnual report
「Geiger Automotive GmbH (Murnau, Germany, and other locations) Equipment for manufacturing automotive parts 135」
For Geiger Automotive GmbH, an impairment loss of ¥135 million was recorded due to continuing or expected operating cash-flow deficits, and the burden of losses arising from the deteriorating financial condition of an overseas subsidiary continues. - FY2020-Q2WorsenedAnnual report
「Geiger Automotive GmbH (Murnau, Germany, and other locations) Equipment for manufacturing automotive parts 137」
For Geiger Automotive GmbH, an impairment loss of ¥137 million was recorded due to continuing or expected operating cash-flow deficits, and the burden of losses arising from the deteriorating financial condition of an overseas subsidiary continues. - FY2019MaterialisedAnnual report
「The amount of negative net worth at the over-indebted companies was ¥1.815 billion for Geiger Automotive GmbH and ¥3.016 billion for Geiger Automotive USA Inc. as of 31 March 2019.」
Geiger Automotive GmbH and USA Inc. had negative net worth, and the parent company recorded expenses for provisions for doubtful accounts, provisions for losses on guarantees, impairment losses on shares of affiliates, and other items.