Uncertainty in the fair-value measurement of Level 3 operating investment securities
First written in FY2022. 3 of 5 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2025: 3 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「At the end of the consolidated fiscal year, the fair value of Level 3 securities for operating investment purposes was ¥62.519 million.」
After Level 3 securities decreased from ¥341.129 million at the end of the previous consolidated fiscal year to ¥62.519 million, investment securities totaled ¥583.404 million at the end of the current consolidated fiscal year. The amount dependent on valuation models and other factors has decreased from ¥686.637 million at the end of the previous fiscal year. - FY2024WorsenedAnnual report
「Of the investment securities, ¥686.637 million was recognized as securities classified as Level 3 fair value (hereinafter, “Level 3 securities”).」
Level 3 investment securities increased from ¥62.519 million at the end of the previous fiscal year to ¥686.637 million, expanding exposure to fair value measurements dependent on unobservable inputs and valuation models. - FY2023MitigatedAnnual report
「At the end of the consolidated fiscal year, the fair value of Level 3 securities for operating investment purposes was ¥62.519 million.」
Level 3 securities for operating investment purposes decreased from ¥341.129 million at the end of the previous consolidated fiscal year to ¥62.519 million, reducing exposure to amounts dependent on valuation models and unobservable inputs. - FY2023-Q2MitigatedAnnual report
「Securities for operating investment purposes 98,854 - 10,519 109,374」
The fair value of Level 3 securities for operating investment purposes was ¥10.519 million, down from ¥341.129 million at the end of the previous consolidated fiscal year. Exposure to amounts dependent on valuation models and unobservable inputs has decreased. - FY2022First statedAnnual report
「Of the securities for operating investment purposes, subscription rights to shares and corporate bonds previously classified as financial instruments whose market values were considered extremely difficult to determine had been carried at acquisition cost as their carrying amounts on the consolidated balance sheet. The company has changed to a method of carrying them at fair value. Because quoted prices are unavailable, the fair values of Level 3 securities are calculated using valuation models and the inputs used in those models.」
For subscription rights to shares and corporate bonds without quoted market prices, fair value is calculated using valuation models and unobservable inputs. The company disclosed that changes in market conditions, volatility, credit costs and other factors could affect valuations in the following fiscal year.