Risk of impairment and inability to sell product investment funds
First written in FY2016. 13 of 34 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1MitigatedAnnual report
「The Company actively arranged and sold projects, including shipping projects that sold out soon after arrangement. As a result, inventory remained at the level at the end of the previous fiscal year despite the highest arrangement amount for an interim consolidated accounting period in the past 5 years, maintaining a high inventory turnover rate.」
Although the Company achieved the highest arrangement level for an interim period in the past 5 years, product investment balances declined from ¥51,940 million to ¥50,910 million, maintaining a high inventory turnover rate. - 2026-04-28WorsenedEarnings
「Total assets held for origination increased by ¥11,283 million, from ¥98,538 million at the end of the previous fiscal year to ¥109,821 million.」
Total assets held for origination increased, expanding exposure to assets held before sale. - FY2025MitigatedAnnual report
「Product investments, which include unsold silent partnership interests and voluntary partnership interests, declined from the end of the previous fiscal year. The Company continued to arrange projects primarily in the shipping sector while promoting active sales, including substantially exceeding its record-high full-year sales amount.」
Active sales reduced product investments from ¥124,760 million at the end of the previous fiscal year to ¥51,940 million, reducing exposure to product investments held before sale. - FY2025-H1MitigatedAnnual report
「Product investments, which include unsold silent partnership interests and voluntary partnership interests, declined from the end of the previous fiscal year. Although the Company continued to arrange projects primarily in the shipping sector, it promoted active sales, including achieving a record-high sales amount for an interim consolidated accounting period for the second consecutive year.」
Active sales reduced product investments from ¥124,760 million to ¥88,770 million. Although all opening inventory of product investments in overseas real estate was sold, ¥2,713 million of aircraft for sale was newly recorded. - FY2024WorsenedAnnual report
「Product investments, which include unsold silent partnership interests and voluntary partnership interests, increased from the end of the previous fiscal year as the Company secured a record-high period-end inventory, primarily consisting of shipping projects, in anticipation of sales from the fiscal year ending September 2025 onward.」
Product investments in lease funds amounted to ¥107,910 million, while product investments in overseas real estate amounted to ¥16,850 million. Pre-sale exposure expanded as inventory was secured in anticipation of sales. - FY2024-Q2Decline in lease and overseas real estate inventory and increase in domestic real estate inventoryAnnual report
「Investment products representing unsold silent partnership interests and partnership interests decreased from the end of the previous fiscal year as the company actively advanced sales. In addition, the monetary trust holding aircraft for origination, for which an impairment loss was recognized in the previous fiscal year, also decreased from the end of the previous fiscal year as sales progressed favorably.」
Product investments in lease funds and unsold aircraft inventory held for arrangement declined as sales progressed. While real estate held for arrangement in Japan increased, product investments in overseas real estate declined as sales of the third project accelerated. - FY2024-Q1Decline in lease and domestic real estate inventory and increase in overseas real estate inventoryAnnual report
「Investment products representing unsold silent partnership interests and partnership interests decreased from the end of the previous fiscal year as the company actively advanced sales. Investment products representing partnership interests in a collective investment business transaction involving overseas real estate increased from the end of the previous fiscal year as the company originated the third transaction, a large-scale apartment complex in Austin, Texas, in October 2023.」
Investment products in the lease fund business decreased as sales progressed, and real estate for origination in domestic real estate also decreased, while investment products in overseas real estate increased through the origination of the third transaction. - FY2023WorsenedAnnual report
「Investment products representing unsold silent partnership interests and partnership interests increased from the end of the previous fiscal year as the company secured a record-high period-end inventory, centered on shipping transactions, in anticipation of sales in the fiscal year ending September 2024.」
Investment products amounted to ¥81.330 billion, as the company secured record-high period-end inventory in anticipation of sales in the fiscal year ending September 2024. This secured sales capacity while also expanding exposure to inventory held before sale. - FY2023-Q3Increase in product inventory in anticipation of the fiscal year ending September 2024Annual report
「Investment products representing unsold silent partnership interests and partnership interests increased from the end of the previous fiscal year as the company secured ample inventory in anticipation of sales in the fiscal year ending September 2024.」
As a result of securing inventory in anticipation of sales in the fiscal year ending September 2024, unsold investment products increased from the end of the previous fiscal year, expanding exposure before sale. - FY2023-Q2Decline in lease inventory and increase in domestic and overseas real estate inventoryAnnual report
「Investment products representing unsold silent partnership interests and partnership interests decreased from the end of the previous fiscal year as the company actively advanced sales, supported by ample inventory. Investment products representing partnership interests in a collective investment business transaction involving overseas real estate increased from the end of the previous fiscal year as the company originated the second transaction, the large-scale Queen Kapiolani Hotel resort in Honolulu, Hawaii, in December 2022 to secure inventory to meet strong demand.」
Investment products in the lease fund business decreased as sales progressed, while real estate for origination in domestic real estate increased to ¥52,915 million and investment products in overseas real estate increased to ¥13,210 million, shifting the composition of inventory toward real estate. - FY2023-Q1Decline in lease inventory and increase in overseas real estate inventoryAnnual report
「Investment products representing unsold silent partnership interests and partnership interests decreased from the end of the previous fiscal year as the company actively advanced sales against a backdrop of ample beginning-of-period inventory.」
Investment products in the lease fund business decreased as sales progressed, while investment products relating to overseas real estate increased through the origination of the second transaction, changing the composition of product inventory. - FY2022WorsenedAnnual report
「Investment products representing unsold silent partnership interests and partnership interests increased from the end of the previous fiscal year. Although sales progressed, the company actively secured inventory for expanded sales amid expectations of a recovery in investor demand in the post-COVID period.」
Investment products increased from ¥20.866 billion at the end of the previous fiscal year to ¥75.189 billion, an increase of ¥54.323 billion. While sales progressed, securing inventory for expanded future sales significantly increased exposure before sale. - FY2022-Q3WorsenedAnnual report
「Of this amount, investment products representing unsold silent partnership interests and partnership interests increased from the end of the previous fiscal year, despite strong sales, partly because the company originated a collective investment business transaction involving overseas real estate (the "overseas real estate investment business transaction").」
Investment products increased by ¥45.993 billion from the end of the previous fiscal year to ¥66.860 billion due to the origination of overseas real estate investment business transactions and other factors, expanding exposure to investment products held before sale. - FY2022-Q2WorsenedAnnual report
「Of this amount, investment products representing unsold silent partnership interests increased from the end of the previous fiscal year, partly because the company originated a container transaction of record size during the current second quarter consolidated accounting period.」
Unsold investment products increased by ¥15,112 million from ¥20,867 million at the end of the previous fiscal year to ¥35,979 million. Origination of the largest container transaction to date expanded exposure to investment products held before sale. - FY2022-Q1WorsenedAnnual report
「Investment products 29,466 8,600」
Investment products amounted to ¥29,466 million, an increase of ¥8.6 billion from the end of the previous fiscal year. While origination progressed favorably, exposure to holding unsold products increased. - FY2021-Q3MitigatedAnnual report
「Of this amount, investment products decreased from the end of the previous fiscal year because sales progressed.」
Investment products decreased from ¥39.616 billion at the end of the previous fiscal year to ¥12.5 billion, reducing exposure to unsold products through restrained origination and progress in sales. - FY2021-Q2MitigatedAnnual report
「Of this amount, investment products representing unsold silent partnership interests and partnership interests decreased from the end of the previous fiscal year because origination was restrained and sales progressed.」
Investment products decreased from ¥39.616 billion at the end of the previous fiscal year to ¥27.202 billion. The unsold balance contracted due to restrained origination and progress in sales. - FY2021-Q1MitigatedAnnual report
「Of this amount, investment products representing unsold silent partnership interests and partnership interests decreased from the end of the previous fiscal year because origination was restrained and sales progressed.」
Investment products decreased from ¥39.616 billion at the end of the previous fiscal year to ¥30.577 billion due to restrained origination and progress in sales, reducing exposure to unsold products. - FY2020MitigatedAnnual report
「Investment products decreased from the end of the previous fiscal year because origination was restrained and sales progressed.」
The balance of investment products decreased from ¥75.434 billion at the end of the previous fiscal year to ¥39.616 billion. While restraint in origination and progress in sales were indicated, an impairment loss of ¥527 million was also recognized on investment products relating to the AML transaction. - FY2020-Q3MitigatedAnnual report
「Investment products decreased from the end of the previous fiscal year because origination was restrained and sales progressed.」
The balance of unsold investment products decreased by ¥17.936 billion from ¥75.434 billion at the end of the previous fiscal year to ¥57.498 billion. Exposure to investment products held before sale declined as origination was restrained and sales progressed. - FY2020-Q2MaterialisedAnnual report
「As a result, in the financial results for the second quarter of the fiscal year ended September 2020, an impairment loss of ¥527 million was recognized in cost of sales, and assets of ¥17,299 million, including ¥16,665 million in aircraft held for sale, and liabilities of ¥17,295 million were consolidated.」
The company was required to continue holding the silent partnership interest with AML as the lessee and recognized an impairment loss of ¥527 million on investment products, including an impairment loss on the aircraft and the lease business's earnings. The risk of a decline in the value of investment products and inability to sell them materialized as an actual loss. - FY2020-Q1MitigatedAnnual report
「Of the originated assets, investment products representing unsold silent partnership interests amounted to ¥71,777 million, a decrease of ¥3,657 million from the end of the previous fiscal year.」
The balance of unsold investment products decreased by ¥3.657 billion from the end of the previous fiscal year to ¥71.777 billion, indicating progress in sales. However, a substantial unsold balance remained. - FY2019-Q3WorsenedAnnual report
「Of the originated assets, investment products representing unsold silent partnership interests amounted to ¥86,502 million, an increase of ¥45,994 million from the end of the previous fiscal year.」
The balance of unsold investment products increased by ¥45.994 billion from ¥40.508 billion at the end of the previous fiscal year to ¥86.502 billion, significantly expanding exposure to investment products held before sale. - FY2019-Q2WorsenedAnnual report
「Of the originated assets, investment products representing unsold silent partnership interests amounted to ¥101,270 million, an increase of ¥60,762 million from the end of the previous fiscal year.」
The balance of unsold investment products increased from ¥40.508 billion at the end of the previous fiscal year to ¥101.270 billion, significantly expanding exposure to investment products held before sale. - FY2019-Q1WorsenedAnnual report
「Of this amount, investment products representing unsold silent partnership interests amounted to ¥83,989 million, as active origination increased the balance despite progress in selling the investments, an increase of ¥43,481 million from the end of the previous fiscal year.」
The balance of unsold investment products increased from ¥40.508 billion at the end of the previous fiscal year to ¥83.989 billion, significantly expanding exposure to investment products held before sale. - FY2018WorsenedAnnual report
「Of this amount, investment products representing unsold silent partnership interests amounted to ¥40,508 million, as the balance increased by ¥21,476 million from the end of the previous fiscal year due to steady origination.」
The balance of unsold investment products increased from ¥19.031 billion at the end of the previous fiscal year to ¥40.508 billion, expanding exposure to investment products held before sale. - FY2018-Q3MitigatedAnnual report
「Of this amount, investment products representing unsold silent partnership interests amounted to ¥15,644 million, as active sales reduced the balance despite continued origination, a decrease of ¥3,387 million from the end of the previous fiscal year.」
The balance of unsold investment products decreased by ¥3.387 billion from the end of the previous fiscal year, indicating progress in active sales. Origination also continued. - FY2018-Q2Decline in balance and continued originationAnnual report
「Of this amount, investment products representing unsold silent partnership interests amounted to ¥22,309 million, as active origination increased the balance despite progress in selling the investments, an increase of ¥3,277 million from the end of the previous fiscal year.」
Unsold investment products decreased from ¥27.796 billion at the end of the first quarter to ¥22.309 billion, while increasing by ¥3.277 billion from the end of the previous fiscal year, indicating that sales and active origination continued concurrently. - FY2018-Q1WorsenedAnnual report
「Investment products representing unsold silent partnership interests amounted to ¥27,796 million, as active origination increased the balance despite progress in selling the investments, an increase of ¥8,764 million from the end of the previous fiscal year.」
While sales progressed, the balance of unsold investment products increased from ¥19.031 billion to ¥27.796 billion due to active origination, increasing exposure to holding and selling risk. - FY2017MitigatedAnnual report
「Investment products representing unsold silent partnership interests amounted to ¥19,031 million, mainly due to progress in selling the investments, a decrease of ¥38,090 million from the end of the previous fiscal year.」
Unsold investment products decreased by ¥3.809 billion from the end of the previous fiscal year, indicating progress in sales. However, an unsold balance of ¥19.031 billion remained. - FY2017-Q3Minor offsetting changes in the balanceAnnual report
「Investment products representing unsold silent partnership interests amounted to ¥22,960 million, mainly due to progress in selling the investments, among other factors, a decrease of ¥34,161 million from the end of the previous fiscal year.」
Investment products decreased by ¥34.161 billion from the end of the previous fiscal year, while increasing from ¥21.340 billion at the end of the second quarter to ¥22.960 billion. The company continued to explain that sales were progressing. - FY2017-Q2MitigatedAnnual report
「Investment products representing unsold silent partnership interests amounted to ¥21,340 million, mainly due to progress in selling the investments, among other factors, a decrease of ¥35,780 million from the end of the previous fiscal year.」
The balance of investment products decreased by ¥35.78 billion from the end of the previous fiscal year, and sales progressed. However, an unsold balance of ¥21,340 million remained. - FY2017-Q1MitigatedAnnual report
「Investment products amounted to ¥43,819 million, a decrease of ¥13,302 million from the end of the previous fiscal year. This was mainly due to progress in selling the investment products.」
The balance of investment products decreased by ¥13,302 million from the end of the previous fiscal year, and the company explained that sales had progressed. Investment products scheduled for sale still amounted to ¥43,819 million. - FY2016First statedAnnual report
「If we ultimately fail to find an investor to whom we can transfer the investment products we hold, we will be unable to receive the business委托 fees we expected to receive in connection with the transfer. In addition, in such a case, our group may be affected by a decline in the value of leased assets or other circumstances because we would become involved as an investor in the operating lease business relating to the interest in the relevant investment product.」
The company disclosed the risks of a decline in value, delays in or inability to sell, and non-collection of fees for investment products temporarily held on the assumption that they would be transferred to investors.