Excess Liabilities at Consolidated Subsidiaries
First written in FY2019. 3 of 11 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2025.
Asakuma moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 20 of 50 companies on the "Worse" side.
38 other companies' latest entry also says "Other".
- FY2025Asakuma Succession was absorbed and the company moved to non-consolidated reportingAnnual report
「On 31 January 2025, the Company absorbed its wholly owned subsidiary, 株式会社あさくまサクセッション, in a merger. As this left the Company without any subsidiaries, disclosures that had previously been presented on a consolidated basis were changed to non-consolidated disclosures beginning with the fiscal year ended January 2025.」
The Company absorbed its wholly owned subsidiary, which had disclosed excess liabilities, and transitioned to a corporate structure with no subsidiaries. The disclosure describes the change in the organisational and disclosure structure without concluding that the financial risk had been eliminated. - FY2025-Q1Takewaka bankruptcy proceedings discontinuedAnnual report
「株式会社竹若, which had been subject to bankruptcy proceedings, received a decision to discontinue those proceedings dated 31 May 2024.」
A decision to discontinue the bankruptcy proceedings of 竹若, which had excess liabilities and entered bankruptcy proceedings, was issued dated 31 May 2024. - FY2024MitigatedAnnual report
「The company had excess liabilities of ¥234.498 million as of the end of January 2024.」
あさくまサクセッション's excess liabilities decreased from ¥236.082 million in the previous fiscal year to ¥234.498 million. - FY2023MitigatedAnnual report
「The company had excess liabilities of ¥236.082 million as of the end of March 2023.」
あさくまサクセッション's excess liabilities decreased from ¥243.910 million in the previous fiscal year to ¥236.082 million. 竹若 remains outside the scope of consolidation. - FY2022Asakuma Succession’s negative net worth declined, while Takewaka was removed from consolidationAnnual report
「The company was insolvent, with a negative net worth of ¥243.910 million as of the end of March 2022.」
あさくまサクセッション's excess liabilities decreased from ¥262.640 million in the previous fiscal year to ¥243.910 million. 竹若 was excluded from the scope of consolidation following the commencement of bankruptcy proceedings. - FY2022-Q3MaterialisedAnnual report
「The company recognized ¥812.892 million in claims related to bankruptcy and reorganization, together with an allowance for doubtful accounts in the same amount.」
In connection with 竹若, which had received an order commencing bankruptcy proceedings, the company recognized ¥812.892 million in claims related to bankruptcy and reorganization, together with an allowance for doubtful accounts in the same amount. - FY2022-Q2MaterialisedAnnual report
「During the second quarter of the current consolidated fiscal period, 株式会社竹若, which had been a consolidated subsidiary, was removed from the scope of consolidation following a court decision to commence bankruptcy proceedings.」
A commencement order was issued for bankruptcy proceedings involving 竹若, whose negative net worth had expanded, and the company was excluded from the scope of consolidation. The financial statements also recognized ¥812.892 million in claims related to bankruptcy and reorganization. - FY2022-Q1MaterialisedAnnual report
「At a meeting of its Board of Directors held on 14 July 2021, the company resolved that its consolidated subsidiary 株式会社竹若 would file with the Tokyo District Court for commencement of bankruptcy proceedings.」
Regarding 株式会社竹若, whose negative net worth had expanded, the company resolved on 14 July 2021 to file for commencement of bankruptcy proceedings. Total liabilities were disclosed as ¥1,002.575 million as of 30 June 2021. - FY2021WorsenedAnnual report
「株式会社あさくまサクセッション was insolvent, with a negative net worth of ¥262.640 million as of the end of March 2021. 株式会社竹若 was also insolvent, with a negative net worth of ¥959.535 million as of the end of March 2021.」
The negative net worth of あさくまサクセッション was ¥262.640 million and that of 竹若 was ¥959.535 million, indicating that insolvency had worsened since the previous disclosure. - FY2020WorsenedAnnual report
「For 株式会社あさくまサクセッション, sales excluding intercompany sales accounted for more than 10% of consolidated sales. Major financial information, etc. (excerpt): net assets, negative ¥63.672 million.」
The company disclosed that the negative net worth of あさくまサクセッション had reached ¥63.672 million and that newly consolidated subsidiary 株式会社竹若 was also insolvent, with a negative net worth of ¥362.385 million. - FY2019First statedAnnual report
「The company was insolvent, with a negative net worth of ¥22.967 million as of the end of March 2019.」
The company explicitly disclosed that 株式会社あさくまサクセッション was insolvent as of the end of March 2019.