Impairment risk associated with new business investment and M&A
First written in FY2020. 2 of 7 entries say "Materialised", first in FY2024. Latest entry: 2026-11-10.
Musashi Seimitsu Industry moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 30 of 89 companies on the "Worse" side.
30 other companies' latest entry also says "Materialised".
- 2026-11-10MaterialisedResults
「投資有価証券評価損 － 309」
投資有価証券評価損309百万円を計上し、新規事業投資・M&A等に伴う投資先評価リスクが当中間期にも損失として発生している。 - FY2026WorsenedAnnual report
「During the fiscal year, the company recognized impairment losses of ¥3,111 million on securities, all of which related to unlisted shares.」
Regarding investee valuation risk associated with new business investment, M&A and other activities, impairment losses on unlisted shares increased from ¥1,955 million in the previous fiscal year to ¥3,111 million. - FY2025WorsenedAnnual report
「During the fiscal year, the company recognized impairment losses of ¥1,955 million on securities, all of which related to unlisted shares.」
Regarding investee valuation risk associated with new business investment, M&A and other activities, impairment losses on securities, mainly unlisted shares, exceeded the previous year's ¥1,851 million. - FY2024MaterialisedAnnual report
「During the fiscal year, the company recognized impairment losses of ¥1,851 million on securities, comprising ¥1,729 million on unlisted shares and ¥122 million on shares classified as other securities.」
Regarding impairment risk arising from investees' failure to meet their business plans and other factors, the company actually recognized ¥1,851 million in impairment losses on securities, including ¥1,729 million on unlisted shares. - FY2022-Q1Confirmed the difficulty of calculating the impact on the financial statements following the listing of an investeeAnnual report
「As a result, the shares of that company are expected to affect the consolidated financial statements from the second quarter onward. However, because some of the calculation inputs needed to determine the fair value of the shares, including the share split terms at the time of listing, have not yet been obtained, it is currently difficult to reasonably calculate the amount of the impact.」
Regarding new business investment, the company states that the listing of REE Automotive is expected to affect the consolidated financial statements, but that the amount of the impact cannot currently be reasonably calculated because the inputs needed to determine fair value are incomplete. - FY2021MitigatedAnnual report
「To mitigate this risk, our Group rigorously reviews investment plans at management meetings and monitors the progress of investee companies against their business plans as appropriate.」
As measures addressing the impairment risk associated with new business investment and M&A, the company explicitly identifies rigorous reviews of investment plans and monitoring of investees' progress against their plans. - FY2020First statedAnnual report
「These activities include M&A and joint development involving investments in startup companies to acquire new technologies and accelerate business development. If the investee's business does not progress as expected, or if unforeseen issues are discovered at the investee, our business performance could be adversely affected by the recognition of impairment losses and other factors.」
While expanding M&A, investments in startups and joint development, the company explicitly identifies the impairment risk arising from investees' failure to meet their plans or from unforeseen issues as an independent new-business risk.