Risks of Recovering Business Investments and Exiting Overseas Operations
First written in FY2016. 17 of 23 entries say "Restated". Latest entry: FY2025.
Kanematsu moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「In the steel tube business of an overseas subsidiary, as the future cash flows assumed in the previous business plan were no longer expected to be generated, the entire amount of recorded goodwill was impaired, and an impairment loss of ¥3,087 million was recognized.」
The risk associated with the recovery and value fluctuations of business investments materialized as a ¥3,087 million impairment of all goodwill in the steel tube business of an overseas subsidiary. A ¥1,390 million impairment loss was also recognized in the card-printer-related business. - FY2024-Q3MaterialisedAnnual report
「The steel business, which recorded an impairment loss on equity-method investments, and the energy business, which was affected by lower domestic demand compared with the strong performance in the same period of the previous year, reported lower profit.」
In connection with the risk of recovering business investments, an impairment loss of ¥2,349 million on equity-method investments was recorded in the steel business. - FY2022-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2022-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2022-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2020-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the first half of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2019WorsenedAnnual report
「In the pet business of a domestic subsidiary, as the future cash flows assumed in the previous business plan were no longer expected to be generated, the assets were impaired to their recoverable amount of ¥950 million, and a ¥319 million goodwill impairment loss was recognized.」
As future cash flows were no longer expected to be generated in the pet business, a ¥319 million goodwill impairment loss was recognized. The loss increased from ¥107 million in the previous fiscal year. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2018MaterialisedAnnual report
「In the pet-related business of a domestic subsidiary, as the future cash flows assumed in the previous business plan were no longer expected to be generated, the assets were impaired to their recoverable amount of ¥359 million, and a ¥107 million goodwill impairment loss was recognized. In addition, in connection with the transfer of the golf business, the assets subject to the transfer were impaired to their recoverable amount of ¥1,566 million, and an impairment loss of ¥975 million was recognized.」
Goodwill impairment continued in the pet-related business, where the future cash flows assumed in the business plan were no longer expected to be generated, and an impairment loss on assets also arose in connection with the transfer of the golf business. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2017MaterialisedAnnual report
「In the pet-related business of a domestic subsidiary, as the future cash flows assumed in the previous business plan were no longer expected to be generated, the assets were impaired to their recoverable amount of ¥1,027 million, and a ¥143 million goodwill impairment loss was recognized.」
As the future cash flows assumed in the business plan were no longer expected to be generated, a goodwill impairment loss arose in the pet-related business. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding the risks associated with recovering business investments and withdrawing from overseas operations. - FY2016First statedAnnual report
「The value of these business investments may fluctuate depending on the financial condition of the investees and the success or failure of their businesses.」
The company conducts profitability and risk assessments, establishes withdrawal criteria, and performs regular post-investment evaluations. It states that market fluctuations, local laws and regulations, and partner relationships may make expansion and withdrawal difficult overseas.