Insolvency of Consolidated Subsidiaries
First written in FY2019. 3 of 7 entries say "Mitigated", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2020: 18 of 46 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「As a result of the absorption-type merger, conducted as a simplified merger, of KOURAKUEN CORPORATION, which had been the Company's wholly owned subsidiary, there were no longer any consolidated subsidiaries,」
The domestic directly operated business company for which the net liability position had been disclosed ceased to exist through the absorption-type merger, and there was no longer a consolidated subsidiary whose net liability risk was subject to disclosure. - FY2025-H1MitigatedAnnual report
「Name, business activities and size of the merged company Name of merged company: KOURAKUEN CORPORATION Business activities: Food service business (domestic directly operated business) Net assets: -¥2,130.248 million Business combination date Merger date (effective date): 1 October 2024」
For the domestic directly operated business company, which had negative net assets, the Company disclosed its net assets of -¥2,130.248 million. The company ceased to have a separate legal identity as a subsidiary following the absorption-type merger effective 1 October 2024. This does not state that the economic impact of the negative net assets had disappeared. - FY2023WorsenedAnnual report
「The Company was in a net liability position, with negative net assets of ¥2,498.847 million as of the end of March 2023.」
The consolidated subsidiary's net liability position widened substantially from ¥433.692 million in the previous fiscal year to ¥2,498.847 million. - FY2022MitigatedAnnual report
「The Company was in a net liability position, with negative net assets of ¥433.692 million as of the end of March 2022.」
The consolidated subsidiary's net liability position narrowed from ¥1,147.183 million in the previous fiscal year to ¥433.692 million, but it remained in a net liability position. - FY2021WorsenedAnnual report
「The Company was in a net liability position, with negative net assets of ¥1,147.183 million as of the end of March 2021.」
The consolidated subsidiary's net liability position widened from ¥80.642 million previously to ¥1,147.183 million. - FY2020MitigatedAnnual report
「The Company was in a net liability position, with negative net assets of ¥80.642 million as of the end of March 2020.」
The consolidated subsidiary remained in a net liability position, but the deficit narrowed from the previously reported ¥413.787 million to ¥80.642 million. - FY2019First statedAnnual report
「The Company was in a net liability position, with negative net assets of ¥413.787 million as of the end of March 2019.」
The Company disclosed that its consolidated subsidiary KOURAKUEN CORPORATION had negative net assets of ¥413.787 million as of the end of March 2019.