Risk of Business Instability and Bankruptcy at Unlisted Investee Companies
First written in FY2018. 6 of 10 entries say "Worsened", first in FY2022-Q2. Latest entry: FY2026.
Japan Asia Investment moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The amount recognized increased for investments whose business progress fell short of plan and whose expected recoveries declined compared with the previous consolidated fiscal year.」
For unlisted investments and other investments, delays in business progress and declines in expected recoveries were reflected in ¥163 million of impairment losses and additions to provisions. - FY2025MitigatedAnnual report
「In the previous consolidated fiscal year, amounts were recognized for investments whose expected recoveries had declined in Greater China, but the amount decreased because the associated loss processing had been completed.」
Loss processing related to unlisted investments and other investments was completed, and impairment losses and additions to provisions declined substantially. However, the risks related to business progress and expected recoveries continue to be disclosed. - FY2024-Q3WorsenedAnnual report
「Total valuation losses on operating investment securities and provisions for investment losses increased 31.0% year on year to ¥607 million. The amount increased because valuation losses on operating investment securities were recognized for portfolio companies with relatively large investment balances whose business progress was delayed.」
Delays in business progress at unlisted portfolio companies and others led to the recognition of impairment losses, and impairment losses and additions to provisions for investment losses increased to ¥607 million. - FY2023-Q3WorsenedAnnual report
「Total valuation losses on operating investment securities and provisions for investment losses increased 176.9% year on year to ¥463 million. Provisions for investment losses were recognized for portfolio companies whose business progress was significantly delayed or whose recovery negotiations were taking a long time.」
Significant delays in business progress and prolonged recovery negotiations at unlisted portfolio companies and others were reflected in ¥463 million of impairment losses and additions to provisions for investment losses. - FY2023-Q2WorsenedAnnual report
「Provisions for investment losses increased for portfolio companies whose business progress was significantly delayed or whose recovery negotiations were taking an extended period.」
Significant delays in business progress and prolonged recovery negotiations at unlisted portfolio companies and others led to increases in impairment losses and additions to provisions. - FY2022WorsenedAnnual report
「The combined amount of impairment losses on operating investment securities and additions to provisions for investment losses declined to ¥160 million, down 19.9% from the previous consolidated fiscal year. The main reason for the decline was that, compared with the previous consolidated fiscal year, provisions were primarily made for portfolio companies with relatively small investment balances.」
Although impairment losses and additions to provisions declined, impairment losses and provisions for portfolio companies continued to be recognized. The disclosure does not state that the risks related to business progress or expected recoveries at unlisted portfolio companies have been resolved. - FY2022-Q2WorsenedAnnual report
「During the six months ended the second quarter, the Company recognized impairment losses on operating investment securities and recorded provisions for investment losses as the expected recovery amount from portfolio companies with deteriorating business conditions declined.」
Deteriorating business conditions and declines in expected recoveries occurred at portfolio companies, including unlisted companies, leading to impairment losses and additions to provisions. - FY2022-Q1MaterialisedAnnual report
「The amount increased because the expected recovery amount from portfolio companies whose business progress was behind plan declined.」
Delays in business progress and declines in expected recoveries occurred at portfolio companies in the growth stage, leading to the recognition of impairment losses and other charges. - FY2019RestatedAnnual report
「Because the unlisted companies targeted for investment by the Group are in the growth stage, they entail risk factors such as unstable earnings or financial foundations and limited management resources.」
The risks of unstable business foundations, declines in enterprise value and losses due to insolvency among unlisted portfolio companies continue to be disclosed. - FY2018First statedAnnual report
「Because the unlisted companies targeted for investment by the Group are in the growth stage, they entail risk factors such as unstable earnings or financial foundations and limited management resources. Consequently, losses may arise if their enterprise value declines after investment or if they become insolvent.」
The disclosure specifies that constraints arising from the growth stage, earnings and financial foundations, and management resources of unlisted companies may result in losses due to declines in enterprise value or insolvency.