Impairment of Shares in Subsidiaries
First written in FY2016. 2 of 4 entries say "Reframed", first in FY2021. Latest entry: FY2026.
Shofu moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 8 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「(7) Risk of impairment of investment assets and shares in subsidiaries」
The existing impairment risks relating to marketable shares, shares in subsidiaries and affiliates accounted for under the equity method were reorganized into an integrated item covering declines in the value of investment assets and shares in subsidiaries and deterioration in business performance. - FY2021ReframedAnnual report
「Through a capital and business alliance, our group has 1 affiliate accounted for under the equity method. The acquisition cost is calculated based on future business plans, and the valuation is based on the cost method.」
In addition to the existing risk of impairment of shares in subsidiaries, deterioration in the performance and financial condition of an affiliate accounted for under the equity method is identified as a risk that could affect investment value and business performance. - FY2018RestatedAnnual report
「If the real value declines significantly due to deterioration in financial condition or other factors, impairment losses on shares in subsidiaries may be required.」
This reiterates the risk of impairment arising from deterioration in a subsidiary's financial condition or a decline in its real value. - FY2016First statedAnnual report
「If the real value declines significantly due to deterioration in financial condition or other factors, impairment losses on shares in subsidiaries may be required.」
This indicates the possibility of impairment losses arising from deterioration in a subsidiary's financial condition or a decline in its real value.