Valuation and Recoverability of Investments in and Loans to Affiliates
First written in FY2021. 2 of 4 entries say "Mitigated", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Reversal of allowance for doubtful accounts － 307,890」
Regarding investments and loans to affiliates, the company recorded a ¥307.890 million reversal of the allowance for doubtful accounts. Following recognition of the allowance in the previous fiscal year, the provision required for collection concerns decreased. - FY2023MitigatedAnnual report
「Reversal of allowance for doubtful accounts － 186,184」
Regarding investments and loans to affiliates, the company recorded a ¥186.184 million reversal of the ¥767.319 million allowance for doubtful accounts recorded in the previous fiscal year. - FY2022MaterialisedAnnual report
「Regarding shares of affiliates, the financial position of 株式会社アルカンシエル had deteriorated significantly due to the impact of COVID-19. After examining the prospects for recovery based on its business plan and other factors, the company recognized an impairment loss at the end of the current fiscal year. It also recognized an allowance for doubtful accounts for loans to 株式会社アルカンシエル based on the estimated recoverable amount.」
In response to the deterioration in 株式会社アルカンシエル’s financial position, the company recorded an impairment loss on shares of an affiliate of ¥1,598.999 million and an allowance for doubtful accounts of ¥767.319 million. The risk associated with investments and loans to affiliates, for which impairment had not been recognized in the previous fiscal year, materialized as actual losses. - FY2021First statedAnnual report
「Regarding shares of affiliates, the actual value at the end of the current fiscal year of the shares of 株式会社アルカンシエル had declined significantly because the company’s operating results deteriorated due to the impact of COVID-19. However, the company determined that recovery was possible based on 株式会社アルカンシエル’s business plan and did not recognize an impairment loss at the end of the current fiscal year.」
The company disclosed that 株式会社アルカンシエル’s operating results and the actual value of its shares had declined significantly due to the impact of the infectious disease, but did not recognize an impairment loss on the affiliate shares because recovery was considered possible based on its business plan.