Risk of the Korean joint venture turning profitable and exiting
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018Sale of Shares in Korean Joint VentureAnnual report
「The shares of 教保ライフプラネット生命保険株式会社, which was established as a joint venture with South Korea’s 教保生命保険株式会社, were sold in March 2018.」
In addition to disclosures regarding profitability, foreign-exchange and impairment risks relating to the Korean joint venture, the company recorded the sale of the shares in March 2018 as a completed fact. - FY2017RestatedAnnual report
「The company established 教保ライフプラネット生命保険株式会社 in September 2013 as a joint venture in South Korea. If foreign-exchange fluctuations occur, or if the company requires more time than expected to secure profitability, an impairment loss related to the investment may arise and adversely affect the company’s financial condition and business results.」
The company continues to disclose risks relating to the Korean joint venture, including a prolonged path to profitability, foreign-exchange fluctuations and impairment of the investment. - FY2016First statedAnnual report
「The period required for the company to achieve profitability may be extended, and losses arising from foreign-exchange fluctuations, impairment losses related to the investment, and an exit from the business if its targets cannot be achieved may occur.」
For the Korean joint venture, the company identifies a prolonged path to profitability, foreign-exchange risk, impairment risk and the risk of exiting the business if targets are not achieved.