Exposure to fluctuations in the value of business-partner shares
First written in FY2016. 25 of 41 entries say "Worsened", first in FY2017. Latest entry: 2026-08-10.
Sun Messe moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 13 of 44 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「At the end of the fiscal year, the total investment securities held by the Group amounted to ¥6,890 million, most of which were listed shares. Accordingly, fluctuations in share prices may affect the Group’s operating results and financial position.」
The investment securities balance increased substantially from ¥4,201 million in the previous fiscal year to ¥6,890 million, expanding the balance-sheet exposure to share price fluctuations. - FY2026-H1WorsenedAnnual report
「Due mainly to increases of ¥196 million in cash and deposits and ¥1,568 million in investment securities, total assets increased by ¥976 million from the end of the previous consolidated fiscal year to ¥20,688 million.」
Investment securities increased by ¥1,568 million from ¥4,201 million at the end of the previous fiscal year to ¥5,770 million, expanding the balance-sheet exposure to share price fluctuations. The valuation difference on other securities also increased by ¥1,076 million. - FY2025MaterialisedAnnual report
「At the end of the fiscal year, the total investment securities held by the Group amounted to ¥4,201 million, most of which were listed shares. Accordingly, fluctuations in share prices may affect the Group’s operating results and financial position.」
While the investment securities balance decreased from ¥4,886 million in the previous fiscal year to ¥4,201 million, the valuation difference on other securities decreased by ¥522 million, indicating that the impact of share price fluctuations was reflected in net assets. - FY2025-H1MaterialisedAnnual report
「Due mainly to a ¥784 million decrease in investment securities, total assets decreased by ¥1,314 million from the end of the previous consolidated fiscal year to ¥19,235 million. Due mainly to a ¥563 million decrease in the valuation difference on other securities, net assets decreased by ¥521 million from the end of the previous consolidated fiscal year to ¥11,618 million.」
While the investment securities balance decreased from ¥4,886 million to ¥4,101 million, the valuation difference on other securities decreased by ¥563 million, showing the actual impact of fluctuations in share prices and other factors on valuation differences. - FY2024WorsenedAnnual report
「At the end of the fiscal year, the total investment securities held by the Group amounted to ¥4,886 million, most of which were listed shares. Accordingly, fluctuations in share prices may affect the Group’s operating results and financial position.」
The balance of investment securities increased from ¥3,650 million in the previous fiscal year to ¥4,886 million, expanding the balance-sheet exposure to share price fluctuations. - FY2024-Q3WorsenedAnnual report
「Investment securities increased by ¥842 million, among other factors, resulting in a ¥169 million increase from the end of the previous consolidated fiscal year to ¥19.72 billion.」
The balance of investment securities increased from ¥3.65 billion at the end of the previous fiscal year to ¥4.492 billion, an increase of ¥842 million, expanding balance-based exposure to fluctuations in share prices. - FY2024-Q2WorsenedAnnual report
「Notes and accounts receivable and contract assets and deferred tax assets decreased by ¥816 million and ¥275 million, respectively, but cash and deposits and investment securities increased by ¥529 million and ¥878 million, respectively, among other factors. As a result, total assets increased by ¥242 million from the end of the previous consolidated fiscal year to ¥19.794 billion.」
Investment securities increased by ¥878 million from the end of the previous consolidated fiscal year to ¥4.528 billion, expanding balance-based exposure to fluctuations in share prices. - FY2024-Q1WorsenedAnnual report
「Cash and deposits and investment securities increased by ¥779 million and ¥710 million, respectively, among other factors, resulting in a ¥200.18 million increase from the end of the previous consolidated fiscal year to ¥19.769 billion.」
Investment securities increased from ¥3.65 billion at the end of the previous fiscal year to ¥4.361 billion, an increase of ¥710 million, expanding balance-based exposure to fluctuations in share prices. - FY2023WorsenedAnnual report
「The total amount of investment securities held by the Group at the end of the fiscal year was ¥3.65 billion, most of which consisted of listed shares. Accordingly, depending on fluctuations in share prices, this could affect the Group's performance and financial position.」
The balance of investment securities increased from ¥3.555 billion in the previous fiscal year to ¥3.65 billion, expanding balance-based exposure to fluctuations in share prices. - FY2023-Q3MaterialisedAnnual report
「Loss on valuation of investment securities - 335」
While the balance of investment securities decreased by ¥154 million from the end of the previous fiscal year, a ¥335 thousand loss on valuation of investment securities was recorded, indicating that the impact of fluctuations in share prices and other factors continues to materialize as an actual loss. - FY2023-Q2MaterialisedAnnual report
「Investment securities decreased by ¥367 million, among other factors, resulting in an ¥877 million decrease from the end of the previous consolidated fiscal year to ¥18.411 billion. Loss on valuation of investment securities 1,695」
While the balance of investment securities decreased, reducing balance-based exposure, a ¥1.695 million loss on valuation of investment securities was recorded, indicating that the impact of price fluctuations had materialized as an actual loss. - FY2023-Q1MaterialisedAnnual report
「Investment securities decreased by ¥371 million, among other factors, resulting in a ¥712 million decrease from the end of the previous consolidated fiscal year to ¥18.575 billion.」
While the balance of investment securities decreased by ¥371 million from the end of the previous fiscal year, a ¥1.350 million loss on valuation of investment securities was recorded during the quarter, indicating that the impact of price fluctuations had materialized as an actual loss. - FY2022MaterialisedAnnual report
「The total amount of investment securities held by the Group at the end of the fiscal year was ¥3.555 billion, most of which consisted of listed shares. Accordingly, depending on fluctuations in share prices, this could affect the Group's performance and financial position. During the fiscal year, an impairment loss of ¥87.729 million was recognized on other securities.」
While the balance of investment securities decreased from the previous fiscal year, an impairment loss of ¥87.729 million was recognized on listed shares and other securities, indicating that the impact of price fluctuation risk had materialized as an actual loss. - FY2022-Q3MaterialisedAnnual report
「Investment securities 3,713,456 3,795,532 Loss on valuation of investment securities - 326」
The balance of investment securities increased from ¥3,713,456 thousand at the end of the previous consolidated fiscal year to ¥3,795,532 thousand. In addition, a ¥326 thousand loss on valuation of investment securities was recorded, indicating that the impact of price fluctuations had materialized as an actual loss. - FY2022-Q2WorsenedAnnual report
「Investment securities 3,713,456 3,819,380」
The balance of investment securities increased by ¥105.924 million from ¥3,713,456 thousand at the end of the previous consolidated fiscal year to ¥3,819,380 thousand, expanding balance-based exposure to fluctuations in share prices. - FY2022-Q1WorsenedAnnual report
「Investment securities 3,713,456 3,781,915」
The balance of investment securities increased from ¥3,713,456 thousand at the end of the previous consolidated fiscal year to ¥3,781,915 thousand, expanding balance-based exposure to fluctuations in share prices. - FY2021WorsenedAnnual report
「The total amount of investment securities held by the Group at the end of the fiscal year was ¥3.713 billion, most of which consisted of listed shares. Accordingly, depending on fluctuations in share prices, this could affect the Group's performance and financial position.」
The balance of investment securities increased by ¥804 million from ¥2.909 billion in the previous fiscal year to ¥3.713 billion, expanding balance-based exposure to share-price fluctuations. - FY2021-Q3WorsenedAnnual report
「In the assets section, investment securities increased by ¥577 million, but notes and accounts receivable, electronic receivables, machinery and transportation equipment, and deferred tax assets decreased by ¥365 million, ¥241 million, ¥184 million and ¥211 million, respectively, among other factors. As a result, total assets decreased by ¥504 million from the end of the previous consolidated fiscal year to ¥18.281 billion.」
Investment securities increased from ¥2.909 billion at the end of the previous consolidated fiscal year to ¥3.486 billion, an increase of ¥577 million, expanding balance-based exposure to share-price fluctuations. - FY2021-Q2WorsenedAnnual report
「Investment securities increased by ¥456 million, but notes and accounts receivable, electronic receivables and deferred tax assets decreased by ¥993 million, ¥195 million and ¥134 million, respectively, among other factors. As a result, total assets decreased by ¥988 million from the end of the previous consolidated fiscal year to ¥17.798 billion. Loss on valuation of investment securities - 3,280」
Investment securities increased by ¥456 million from the end of the previous consolidated fiscal year, increasing balance-based exposure to fluctuations in share prices. In addition, a ¥3.280 million loss on valuation of investment securities was recorded. - FY2021-Q1WorsenedAnnual report
「Investment securities increased by ¥374 million, but cash and deposits and notes and accounts receivable decreased by ¥241 million and ¥868 million, respectively, among other factors. As a result, total assets decreased by ¥937 million from the end of the previous consolidated fiscal year to ¥17.848 billion. Loss on valuation of investment securities 1,235 5,855」
The balance of investment securities increased by ¥374 million from the end of the previous consolidated fiscal year, and a ¥5.855 million loss on valuation of investment securities was recorded, indicating exposure to fluctuations in share prices and a realized valuation loss. - FY2020MaterialisedAnnual report
「The total amount of investment securities held by the Group at the end of the fiscal year was ¥2.909 billion, most of which consisted of listed shares. Accordingly, depending on fluctuations in share prices, this could affect the Group's performance and financial position. During the fiscal year, an impairment loss of ¥133 thousand was recognized on listed shares classified as other securities.」
While the balance of investment securities decreased from ¥3.178 billion in the previous fiscal year to ¥2.909 billion, an impairment loss of ¥133 thousand was recognized on listed shares, indicating that the impact of price fluctuations had materialized as an actual loss. - FY2020-Q3WorsenedAnnual report
「In the assets section, investment securities increased by ¥248 million, but cash and deposits decreased by ¥326 million, among other factors. As a result, total assets decreased by ¥126 million from the end of the previous consolidated fiscal year to ¥18.456 billion.」
Investment securities increased by ¥248 million from the end of the previous consolidated fiscal year, increasing balance-based exposure to fluctuations in share prices. - FY2020-Q2MaterialisedAnnual report
「Net assets increased by ¥4 million from the end of the previous consolidated fiscal year to ¥9.82 billion. Although the valuation difference on other securities decreased by ¥60 million, retained earnings increased by ¥23 million and the cumulative adjustment related to retirement benefits decreased by ¥35 million, which increased net assets, among other factors.」
The valuation difference on other securities decreased by ¥60 million, indicating the impact of fluctuations in share prices and other factors on valuation differences. Meanwhile, the balance of investment securities decreased from ¥3.178 billion to ¥3.096 billion. - FY2020-Q1MitigatedAnnual report
「In the assets section, electronic receivables and machinery and transportation equipment increased by ¥196 million and ¥84 million, respectively, but notes and accounts receivable and investment securities decreased by ¥428 million and ¥87 million, respectively, among other factors. As a result, total assets decreased by ¥389 million from the end of the previous consolidated fiscal year to ¥18.193 billion.」
The balance of investment securities decreased by ¥87 million from the end of the previous consolidated fiscal year, reducing balance-based exposure to fluctuations in share prices. - FY2019MaterialisedAnnual report
「The total amount of securities and investment securities held by the Group at the end of the fiscal year was ¥3.227 billion, most of which consisted of listed shares. Accordingly, depending on fluctuations in share prices, this could affect the Group's performance and financial position. During the fiscal year, an impairment loss of ¥21.967 million was recognized on listed shares classified as other securities.」
Exposure to fluctuations in share prices was stated as ¥3.227 billion, and an impairment loss of ¥21.967 million was recognized on listed shares. The impact of price fluctuations has been recorded as an actual loss. - FY2019-Q3MaterialisedAnnual report
「Investment securities decreased by ¥291 million, among other factors, resulting in a ¥944 million decrease from the end of the previous consolidated fiscal year to ¥17.811 billion. Loss on valuation of investment securities - 21,358」
While the balance of investment securities decreased by ¥291 million, a ¥21.358 million loss on valuation of investment securities was recorded, indicating that the impact of fluctuations in share prices and other factors had materialized as an actual loss. - FY2019-Q2WorsenedAnnual report
「In the assets section, investment securities increased by ¥255 million, but cash and deposits decreased by ¥620 million and notes and accounts receivable by ¥459 million, among other factors. As a result, total assets decreased by ¥857 million from the end of the previous consolidated fiscal year to ¥17.899 billion.」
The balance of investment securities increased by ¥255 million from the end of the previous consolidated fiscal year, increasing exposure to share-price fluctuations. - FY2019-Q1WorsenedAnnual report
「Investment securities 3,315,159 3,444,897」
The balance of investment securities increased from ¥3,315,159 thousand at the end of the previous consolidated fiscal year to ¥3,444,897 thousand at the end of the first quarter, increasing exposure to share-price fluctuations. - FY2018WorsenedAnnual report
「The total amount of investment securities recognized on the consolidated balance sheet at the end of the fiscal year was ¥3.315 billion, a substantial amount relative to the Group's total assets of ¥18.756 billion at the end of the fiscal year. Accordingly, depending on movements in share prices, this could affect the Group's future financial position, operating results and cash flows.」
The balance of investment securities increased from ¥3.125 billion in the previous fiscal year to ¥3.315 billion, increasing exposure to share-price fluctuations year on year. - FY2018-Q3WorsenedAnnual report
「Investment securities 3,125,967 3,600,476」
The balance of investment securities increased from ¥3,125,967 thousand at the end of the previous consolidated fiscal year to ¥3,600,476 thousand at the end of the third quarter, increasing exposure to share-price fluctuations. - FY2018-Q2WorsenedAnnual report
「Investment securities 3,125,967 3,434,195」
The balance of investment securities increased from ¥3,125,967 thousand at the end of the previous consolidated fiscal year to ¥3,434,195 thousand at the end of the second quarter, increasing exposure to share-price fluctuations. - FY2018-Q1WorsenedAnnual report
「Investment securities 3,125,967 3,302,228」
The balance of investment securities increased from ¥3,125,967 thousand at the end of the previous consolidated fiscal year to ¥3,302,228 thousand at the end of the first quarter. Although no material changes were identified in the business and other risks section, the balance indicating exposure to fluctuations in share prices increased. - FY2017WorsenedAnnual report
「The total amount of investment securities recognized on the consolidated balance sheet at the end of the fiscal year was ¥3.125 billion, a substantial amount relative to the Group's total assets of ¥18.665 billion at the end of the fiscal year. Accordingly, depending on movements in share prices, this could affect the Group's future financial position, operating results and cash flows.」
The balance of investment securities increased from ¥2.81 billion in the previous fiscal year to ¥3.125 billion, quantifying the exposure to market-price fluctuations relative to total assets. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the existing risks, including exposure to fluctuations in the prices of investment securities such as customers' shares. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the existing risks, including exposure to fluctuations in the prices of investment securities such as customers' shares. - FY2017-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the existing risks, including exposure to fluctuations in the prices of investment securities such as customers' shares. - FY2016First statedAnnual report
「At the end of the current consolidated fiscal year, the aggregate carrying amount of investment securities on the consolidated balance sheet was ¥2,810 million, a substantial amount relative to the Group's total assets of ¥18,075 million at the same date. Accordingly, future changes in the stock market could affect the Group's future financial position, business results and cash flows.」
The Group holds a substantial amount of investment securities, primarily to maintain relationships with business partners, and explicitly identifies the potential impact of stock-market movements on its financial position and other metrics.