Impairment of investments in businesses and shares of subsidiaries
First written in FY2019. 2 of 4 entries say "Materialised", first in FY2022. Latest entry: FY2024.
New Constructor's Network moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 9 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「During the consolidated fiscal year, impairment charges of ¥27.856 million were recognised for securities, all of which related to shares of affiliates.」
The valuation risk associated with business investments and shares of affiliates materialised during the period as a ¥27.856 million impairment charge on shares of affiliates. - FY2022MaterialisedAnnual report
「Loss on valuation of shares of affiliates 21,152」
A ¥21.152 million loss on valuation of shares of affiliates was recorded in the income statement for the fiscal year, meaning that the valuation risk associated with business investments and shares of subsidiaries materialised as a loss. - FY2021RestatedAnnual report
「Our group will continue to invest in businesses with group synergies. However, if the performance of an investee company deteriorates and shares of subsidiaries or investment securities become subject to impairment losses, losses may arise from the write-down of these assets, potentially affecting the performance and financial position of our group.」
The policy of continuing business investment and the impairment risk associated with investees were reiterated. - FY2019First statedAnnual report
「If the performance of an investee company deteriorates and shares of subsidiaries or investment securities become subject to impairment losses, losses may arise from the write-down of these assets, potentially affecting the performance and financial position of our group.」
It states both the policy of continuing to invest in businesses with group synergies and the risk of valuation losses.