Decline in the Value of Business Investments and Inability to Recover Invested Funds
First written in FY2022. 5 of 6 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 9 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there were no significant changes to the major risks, including a decline in the value of business investment targets and the inability to recover invested funds. - FY2025RestatedAnnual report
「The Group makes business investments in multiple companies to enhance corporate value on a consolidated basis by expanding its market areas and generating capital gains. If the value of a business investment target declines significantly, invested funds may become unrecoverable and additional losses may arise upon withdrawal, potentially affecting operating results and financial position.」
The risks of declining value at business investment targets, inability to recover invested funds and additional losses upon withdrawal, together with the response under the business investment management framework, continue to be disclosed. - FY2023RestatedAnnual report
「The Group makes business investments in multiple companies to enhance corporate value on a consolidated basis by expanding its market areas and generating capital gains. If the value of a business investment target declines significantly, invested funds may become unrecoverable and additional losses may arise upon withdrawal, potentially affecting operating results and financial position.」
The risks of declining value at business investment targets, inability to recover invested funds and additional losses upon withdrawal continue to be disclosed, along with the response under the business investment management framework. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there were no significant changes to the major risks, including a decline in the value of business investment targets and the inability to recover invested funds. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there were no significant changes to the major risks, including a decline in the value of business investment targets and the inability to recover invested funds. - FY2022First statedAnnual report
「The Group makes business investments in multiple companies to enhance corporate value on a consolidated basis by expanding its market areas and generating capital gains. If the value of a business investment target declines significantly, invested funds may become unrecoverable and additional losses may arise upon withdrawal, potentially affecting operating results and financial position.」
The decline in the value of investees, inability to recover invested funds and additional losses upon withdrawal underlying the expansion of market areas and generation of capital gains through business investment were explicitly identified for the first time as separate major risks.