Risk of Unprofitable Projects at ニシコン and Losses on Equity-Method Investments
First written in FY2025. 1 of 3 entries say "Materialised", first in FY2027-H1. Latest entry: FY2027-H1.
Izutsuya moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2019: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「Ordinary profit was ¥39 million (26.3% of the previous year's level), due in part to the recording of a ¥39 million share of loss of investments accounted for using the equity method.」
While the company recorded a share of profit of investments accounted for using the equity method in the previous fiscal year, it recorded a ¥39 million share of loss of investments accounted for using the equity method during the interim consolidated accounting period, with investment losses related to associates re-emerging in the results. - FY2026Equity-method investment income turned positiveAnnual report
「Share of profit of investments accounted for using the equity method 26」
In relation to ニシコン, which generated a ¥152 million loss on equity-method investments in the previous fiscal year, the Company recorded a ¥26 million share of profit of investments accounted for using the equity method in the current fiscal year. The risk and monitoring policy itself remain unchanged. - FY2025First statedAnnual report
「ニシコン, an equity-method affiliate engaged in information processing services, may incur costs exceeding estimates or additional work due to unforeseen circumstances, potentially adversely affecting the Group’s operating results and financial position.」
Newly disclosed the risk of deterioration in business results at ニシコン due to costs exceeding estimates and additional work. During the current fiscal year, the Company recorded a ¥152 million loss on equity-method investments relating to ニシコン, indicating that the risk has materialized as an actual loss.