Deterioration in investees’ performance causing equity-method investment losses and lower dividends received
First written in FY2021-Q3. 10 of 20 entries say "Worsened", first in FY2023-Q2. Latest entry: 2026-07-31.
Meiwa moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2019: 2 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Equity-method investment gains 641 127」
Equity-method investment gains decreased from ¥641 million in the previous fiscal year to ¥127 million, weakening the earnings contribution from investees. - FY2026-H1WorsenedAnnual report
「Equity-method investment gains 241 56」
Equity-method investment gains decreased from ¥241 million in the same period of the previous year to ¥56 million, weakening the earnings contribution from investees. - FY2025RestatedAnnual report
「The automotive business posted higher profit because equity-method affiliates performed strongly. Ordinary profit increased due to higher operating profit and higher equity-method investment gains.」
The previous expansion in equity-method investment losses reversed, equity-method investment gains increased, and the improved impact related to investees has continued. - FY2025-H1MitigatedAnnual report
「The automotive business posted higher profit because equity-method affiliates performed strongly. Ordinary profit increased due to higher operating profit and higher equity-method investment gains.」
Through the previous fiscal year, disclosures had referred to expanding equity-method investment losses and the impact of weaker performance at investees. In the current interim consolidated accounting period, equity-method investment gains increased from ¥155 million to ¥241 million, and equity-method affiliates in the automotive business were also described as performing strongly. - FY2024-Q3RestatedAnnual report
「Although non-operating income and expenses improved as earnings recovered at equity-method affiliates, ordinary profit declined due to lower operating profit and lower dividends received from investees.」
While the improvement in non-operating income and expenses due to the recovery in earnings at equity-method affiliates continued, the decline in dividends received from investees means that the earnings impact related to investees remains. - FY2024-Q2MitigatedAnnual report
「Although non-operating income and expenses improved as earnings recovered at equity-method affiliates, ordinary profit declined due to lower operating profit and lower dividends received from investees.」
Although equity-method investment losses had continued to increase through the previous quarter, the recovery in earnings at equity-method affiliates resulted in an investment gain of ¥155 million in the current quarter, improving non-operating income and expenses. Meanwhile, dividends received decreased from ¥204 million in the same period of the previous year to ¥60 million. - FY2024-Q1WorsenedAnnual report
「Ordinary profit declined due to lower operating profit, lower dividends received from investees, and an increase in equity-method investment losses.」
Dividends received from investees decreased from ¥181 million in the same period of the previous year to ¥36 million, while equity-method investment losses increased from ¥62 million to ¥184 million. The adverse impact related to investees, including lower earnings and losses, expanded. - FY2023WorsenedAnnual report
「Ordinary profit declined because equity-method investment losses increased substantially, despite higher operating profit and higher dividends received from investees, among other factors.」
Equity-method investment losses increased substantially from ¥290 million in the previous fiscal year to ¥1,140 million in the current fiscal year. クミ化成グループ, a key associate, also recorded a net loss of ¥3,063 million for the period. - FY2023-Q3WorsenedAnnual report
「Ordinary profit increased due to higher operating profit and higher dividends received from investees, among other factors, despite an increase in equity-method investment losses.」
Although dividends received from investees increased, equity-method investment losses rose from ¥283 million in the same period of the previous year to ¥421 million, increasing the adverse impact of losses related to investees. - FY2023-Q2WorsenedAnnual report
「Ordinary profit increased due to higher operating profit and higher dividends received from investees, among other factors, despite an increase in equity-method investment losses.」
Although dividends received from investees increased, equity-method investment losses rose from ¥175 million in the same period of the previous year to ¥185 million. The adverse impact of losses related to investees expanded. - FY2023-Q1RestatedAnnual report
「Ordinary profit increased due to higher operating profit and higher dividends received from investees, among other factors, despite the occurrence of equity-method investment losses.」
Although dividends received from investees increased, equity-method investment losses also occurred, so the adverse earnings impact related to investees remained. - FY2022MitigatedAnnual report
「Ordinary profit increased due to higher operating profit, higher dividends received from investees, and lower equity-method investment losses, among other factors.」
Dividends received from investees increased, while equity-method investment losses decreased from ¥464 million in the previous fiscal year to ¥290 million, weakening the impact of poorer performance at investees compared with the previous fiscal year. However, the investment loss itself continued. - FY2022-Q3MaterialisedAnnual report
「Ordinary profit increased due to higher operating profit and higher dividends received from investees, among other factors.」
An equity-method investment loss of ¥283 million was recognized for an associate, becoming a factor behind the decrease in investment securities. Although improvement in investment losses had been reported through the previous quarter, losses related to investees were also reflected in results for the current quarter. - FY2022-Q2MitigatedAnnual report
「In the automotive business, equity-method investment losses at affiliates related to automotive parts improved slightly due to the impact of COVID-19.」
It was stated that equity-method investment losses at affiliates related to automotive parts remained, but had improved slightly. - FY2022-Q1MitigatedAnnual report
「Ordinary profit increased due to higher operating profit, a shift from equity-method investment losses to investment gains at equity-method affiliates, and higher dividends received from investees.」
The equity-method investment loss recognized in the previous quarter shifted to an investment gain, and dividends received from investees also increased, so the impact of weaker performance at investees diminished. - FY2021-Q3MaterialisedAnnual report
「Ordinary profit increased due to higher operating profit, despite the recognition of equity-method investment losses at equity-method affiliates due in part to the downturn in the automotive industry and lower dividends received due to weaker performance at investees.」
Equity-method investment losses were recognized at equity-method affiliates due in part to the downturn in the automotive industry, while dividends received also declined due to weaker performance at investees.