Risk of Deterioration in Investment Recovery from Business Investments and Corporate Acquisitions
First written in FY2023. 7 of 9 entries say "Materialised", first in FY2024-Q2. Latest entry: 2026-08-10.
Happinet moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
28 other companies' latest entry also says "Materialised".
- 2026-08-10MaterialisedEarnings
「The Company incurred investment losses on foreign films it had acquired, resulting in a substantial decline from the same period of the previous fiscal year.」
Investment losses related to acquired foreign films were also incurred in the first quarter. - FY2026MaterialisedAnnual report
「In the video and music business, although we expanded the production and distribution of packaged video content, this was insufficient to offset the contraction of the market, and revenue fell below the previous fiscal year. Profit was also substantially below the previous fiscal year because of an investment loss on a foreign film acquired by the Company.」
Regarding the risk of lower returns on business and production investments, an investment loss on an acquired foreign film was incurred again during the current fiscal year, resulting in a segment loss of ¥1,115 million in the video and music business. - FY2026-H1MaterialisedAnnual report
「Profit was substantially below the year-earlier period because of an investment loss on a foreign film acquired by the Company. As a result, revenue was ¥30,492 million, up 6.1% year on year, and segment profit was ¥434 million, down 41.8%.」
Regarding the risk of lower returns on business and production investments, an investment loss was actually incurred on a foreign film acquired by the Company, reducing segment profit in the video and music business by 41.8%. - FY2025MaterialisedAnnual report
「In the third-quarter consolidated accounting period, we recorded an extraordinary loss of ¥1,485 million, mainly due to the impairment of software related to a game application.」
Regarding the risk of lower returns on business investments and acquisitions, an impairment loss of ¥1,351 million on software related to a game application was actually incurred. - FY2025-H1MitigatedAnnual report
「Strong box-office revenue from video productions in which we had invested, together with increased sales overseas and to streaming platforms, improved earnings in the video production business, and profit substantially exceeded the year-earlier period.」
In contrast to the deterioration in returns on invested video productions recorded in the previous fiscal year, box-office revenue, overseas sales and sales to streaming platforms increased in the first half of the current fiscal year, improving earnings in the video production business. - FY2024-Q2MaterialisedAnnual report
「During the second quarter, we did not benefit from any major hit titles, and investment losses were incurred on some of the video productions in which we had invested.」
Regarding the risk of lower returns on business investments and invested productions, the Company has stated that investment losses were actually incurred on some of its invested video productions. - FY2023First statedAnnual report
「If investment recovery or the performance of acquired companies deteriorates while these strategies are being pursued, the Group's operating results and financial position may be affected.」
The risk of lower returns on investments and deteriorating performance at acquired companies associated with active investment in upstream and downstream initiatives and a new business serving as the fifth pillar has been disclosed independently as a material risk for the first time.