Failure of Group Businesses Centered on Overseas Subsidiaries
First written in FY2021. 8 of 10 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2026.
Fuji Oozx moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 4 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「At a domestic subsidiary in Kakegawa, Shizuoka Prefecture, which primarily manufactures and sells metal rolls and shafts for separator-film production, operating losses are expected to remain negative, and signs of impairment were identified. The company therefore reduced the carrying amount to the recoverable amount and recorded the reduction as an extraordinary loss.」
Regarding the instability of the group companies’ earnings base, 株式会社マルヨシ製作所 is expected to incur recurring operating losses, and signs of impairment emerged, resulting in an impairment loss of ¥94.054 million. The company has also decided to dissolve and liquidate the subsidiary. - 2026-05-13MaterialisedEarnings
「At a domestic subsidiary, operating results are expected to remain negative, and because indications of impairment were identified, the carrying amount was reduced to the recoverable amount, with the reduction recorded as an extraordinary loss.」
At a domestic subsidiary, a continuing expected operating loss and indications of impairment were identified, and an impairment loss of ¥94.054 million was recorded. - FY2026-H1MaterialisedAnnual report
「At a domestic subsidiary in Kakegawa, Shizuoka Prefecture, which primarily manufactures and sells metal rolls and shafts for separator-film production, operating losses are expected to remain negative, and signs of impairment were identified. The company therefore reduced the carrying amount to the recoverable amount and recorded the reduction as an extraordinary loss.」
At a domestic subsidiary, operating losses are expected to remain negative, and the company recorded an impairment loss on property, plant and equipment of ¥94.054 million after signs of impairment were identified. Unstable earnings at a group company have now materialized at a domestic subsidiary as well. - FY2025MaterialisedAnnual report
「The Other businesses manufacture and sell metal products and components, including metal rolls and shafts used to manufacture separator film for factory automation equipment, lithium-ion batteries and other applications. Revenue in the Other businesses for the current consolidated fiscal year increased 211.6% year on year to ¥842 million because 株式会社ピーアンドエム was included in the scope of consolidation. However, the segment recorded a loss of ¥120 million because of order adjustments accompanying the downturn in the silicon cycle and lower orders resulting from weak sales of separator-film production equipment.」
In the Other businesses, including the newly acquired subsidiary, the downturn in the silicon cycle coincided with weak sales of separator-film production equipment, resulting in a segment loss of ¥120 million. - FY2025-H1A newly acquired subsidiary’s results emerged as a factor reducing profitAnnual report
「Revenue in the Other businesses increased 283.2% year on year to ¥372 million because 株式会社ピーアンドエム was included in the scope of consolidation. However, its sales remained weak because of order adjustments accompanying the downturn in the silicon cycle and other factors, resulting in a segment loss of ¥15 million, compared with segment profit of ¥8 million in the same period of the previous year.」
Deterioration in the business environment of the new subsidiary resulted in a ¥15 million loss in the Other segment after the acquisition. Although this differs from the existing overseas-subsidiary risk, the development is described as an instance of unstable earnings at a group company. - FY2023MaterialisedAnnual report
「At the consolidated subsidiary FUJI OOZX MEXICO,S.A.DE C.V., profitability declined because of deterioration in the business environment, including prolonged difficulties in procuring semiconductors and other components and surging raw-material and energy prices. The company reduced the carrying amount to the recoverable amount and recorded the reduction as an extraordinary loss.」
Regarding the risk of unstable earnings at overseas subsidiaries, profitability declined at the Mexico subsidiary, which recorded an impairment loss of ¥53.416 million. The group recorded total impairment losses of ¥136.294 million. - FY2023-Q3MaterialisedAnnual report
「At the consolidated subsidiary FUJI OOZX MEXICO, S.A. DE C.V., after taking into account the continued deterioration in the business environment, including the semiconductor shortage, the company assessed recoverability and reduced the carrying amount to the recoverable amount.」
At the Mexico subsidiary, the company recorded an impairment loss on property, plant and equipment of ¥53.080 million for the cumulative third quarter, reflecting the continued deterioration in the business environment caused by the semiconductor shortage and other factors. - FY2022MaterialisedAnnual report
「At the consolidated subsidiary FUJI OOZX MEXICO, S.A. DE C.V., profitability declined as a result of changes in the business environment, including the semiconductor shortage. The company reduced the carrying amount to the recoverable amount and recorded the reduction as an extraordinary loss.」
Regarding the risk of unstable earnings at overseas subsidiaries, profitability declined at the Mexico subsidiary, and the annual financial results confirmed an event resulting in an impairment loss on property, plant and equipment of ¥161.668 million. - FY2022-Q3MaterialisedAnnual report
「At the consolidated subsidiary FUJI OOZX MEXICO, S.A. DE C.V., automobile manufacturers that are customers have continued to reduce production for an extended period because of the semiconductor shortage and other factors. Based on available order trends, forecasts and other information when preparing the quarterly consolidated financial statements, the company made accounting estimates and recorded an impairment loss on property, plant and equipment.」
Regarding the risk associated with overseas subsidiaries established within the past 10 years whose earnings have not stabilized, profitability declined at the Mexico subsidiary, resulting in an impairment loss on property, plant and equipment of ¥138.697 million. - FY2021First statedAnnual report
「The group consists of 4 overseas subsidiaries and 4 domestic subsidiaries. Some overseas subsidiaries, particularly those established within the past 10 years, have not yet achieved stable earnings. If management problems arise in sales, production or funding, there is a risk that they will affect the entire group, including the company.」
Among the 4 overseas and 4 domestic subsidiaries, the company newly disclosed as a risk the sales, production and funding problems of overseas subsidiaries established within the past 10 years whose earnings have not stabilized.